Staying at Lianhua Lake Farm for a few days, the crowds were bustling every day, and the warm invitations from villagers and elders from all over the country were overwhelming. My uncles and grandparents all came to visit me, and it was hard not to go to the banquet.
Wang Jiaye's three soldiers were divided into three groups, and they had endless banquets at noon and evening every day.
It’s the Dragon Boat Festival
We held an ancestor worship event for two days in our hometown. The Chen clan made the event a lively event. Thousands of people gathered at the ancient Lotus Temple to offer condolences to the world. The scale was unprecedented.
The children were running through the crowd and disappeared after a while. They were all going crazy.
This time, the eldest uncle of the natal family, Chen Xiude, presided over the ancestor worship ceremony together with other uncles and elders. Apart from being older, the other elders of the Chen family really didn’t have any outstanding qualifications or glorious achievements.
To achieve the maximum level is to be at the deputy section level, which is still the deputy section level treatment in the enterprise.
Therefore, Wang Guodong, his two brothers Wang Yaoyang, Wang Yaocheng and Chen Shi became the inevitable protagonists in the ancestor worship activities.
As for Chen Xiulian, cough cough...
The rules in the countryside are very strict, and women are not allowed to participate in ancestor worship activities.
Let’s not mention these for now
In the backyard of the ancient Lotus Temple, filled with incense, there is a long and narrow family temple covering an area of about three acres. It leads to the backyard of the four Chen siblings through a winding path in the woods, only a few dozen meters away.
It can't be seen at all from the outside, and the privacy is very good.
There is a small door connecting the Chen family temple to the ancient Lotus Temple in front of it. It is located in a secluded place next to the abbot's Zen room, making it difficult for outsiders to know.
It was Wang Yaocheng’s idea to pursue the root cause.
The Wang family is now a big business, and Wang Guodong is still a leading cadre. The impact of this kind of thing spreading will be very bad.
In order to fulfill the wish of the elderly in the family, it is not appropriate to build a family temple in private without making a big show of it.
Following the winding path in the woods, we walked dozens of meters and arrived at the family temple. On the same bright yellow wall as the ancient Lotus Temple, there was a door wide for two people, which was very inconspicuous among the trees.
Step in
Facing the front is a stone screen wall, which divides the long and narrow temple into two.
The Moon Gate on one side used to be a secluded courtyard. The secluded place of the Qingdeng Ancient Buddha was used for the temporary residence of the tribe, and there was also an exquisite rockery garden, which was tended to quite elegantly.
On the other side is the main building of the family temple. Under the classical cornices and brackets are written four golden characters "Chen's Ancestral Hall". On both sides of the red door, there are stone drums and stone lions.
After entering the door
A large bronze incense burner more than two meters high is located in the center. Going around it is the main hall of the five-room ancestral hall. There are side halls on the left and right sides, where the tablets and portraits of ancestors from past dynasties are respectively enshrined, making it appear solemn and solemn.
On both sides of the side hall are written the four characters "loyalty, filial piety, justice, justice", which is full of feudal dross.
There is an entrance courtyard behind the main hall of the ancestral hall, with the four characters "Deze Family" written on the courtyard door. Entering the main hall of the courtyard is an open meeting room with two quiet rooms on each side.
In this season when the weather is getting hotter, the room still looks cool and pleasant.
This place temporarily became the office location of Wang Yaocheng's entourage, and there were many people coming and going. Important messages from the consortium's companies were transmitted and sorted by the secretariat and submitted to Wang Yaocheng for approval.
"Chairman, this is a request for instruction report from TSMC."
"Oh, let me see."
Wang Yaocheng casually took the telegram and read it. Basically, there was nothing new. Zhang Zhongmou hoped to launch a 12-inch wafer production line plan in Hsinchu Industrial Park.
The message said;
From the beginning of May 2002 to the present, less than two months have passed.
The world's chip foundry market prices have generally rebounded, more than doubling rapidly, and the market size has increased from the original 6.6 billion U.S. dollars to about 14 billion U.S. dollars. We should take this opportunity to rapidly expand advanced production capacity and so on...
Wang Yaocheng smiled casually;
You also have to say that I have the final say on the world’s chip foundry market prices. Is this new?
The chip foundry market was pioneered by TSMC in 1988. After more than ten years of development, it has gradually grown to a large scale.
The first to follow up was Atlantic Jinko, and another strong player in the foundry field was Hynix, forming a three-strong alliance in the foundry market. In addition, there are many small and medium-sized wafer manufacturers in Taiwan participating in the competition for market share.
The one who had the last laugh was still Atlantic Jinko. After years of unremitting efforts to suppress wafer foundry prices, it finally outlasted its rivals.
now
The top three in the world's chip foundry market are Atlantic Jinko, TSMC and Hynix, accounting for 86% of the world's foundry market, all of which are in the hands of the Wang Consortium.
The rest are more than a dozen semiconductor companies in Taiwan, the United States and Europe, and they accept some chip foundry commissions sporadically.
As for Samsung Electronics, it is completely blank in the world OEM market.
In the original history
Samsung Electronics began to get involved in the wafer foundry business in 2005. Qualcomm was the first and only foundry customer. Until the 2010s, its foundry revenue did not exceed US$400 million, making it almost dispensable.
In the entire world chip foundry market, due to factors such as Atlantic Jinko's long-term suppression of low profits, European and American manufacturers generally do not pay attention to this market.
Now that this market is completely monopolized, there is no need to suppress the main competitor TSMC, and prices will naturally rise.
By the time European and American manufacturers were surprised to discover that the world's wafer foundry market was promising and profitable, it was already too late and a monopoly pattern had been formed in the market.
What are the benefits of a monopoly market?
The world's wafer foundry market has increased in size from US$6.6 billion to approximately US$14 billion in less than two months. All the extra money is profit, and 85% belongs to the Wang Consortium.
How to determine the price?
The Wang Family Group has the final say. This is the huge benefit of the monopoly.
All that needs to be done is to increase the price. It is so easy to make money, and it will take less than two years to recoup all the capital used to acquire TSMC.
This is also the reason why TSMC finally bowed its head. Zhang Zhongmou also saw the core of the problem;
Without the cooperation of Atlantic Jinko and Hynix, and the tacit agreement to increase wafer foundry prices, TSMC would still be struggling on the edge of life and death, and mergers and acquisitions by other semiconductor manufacturers would be useless.
As long as the Wang Consortium does not relent and does not fall under the control of the consortium, the world's foundry market will never be profitable, it will never grow big, and it will never become strong.
The market leader is such a badass that he can decide the fate of his followers, and Shunchang will perish.
TSMC's biggest problem is that it is only involved in the world's wafer foundry market. The market field is too single and it is vulnerable to absolute suppression by the leader.
In comparison, Hynix is mainly engaged in two businesses: DRAM memory chips and wafer foundry, and its adaptability is much stronger.
In addition to the above two businesses, Atlantic Jinko is also involved in a wide range of application chip production and controls semiconductor chip processing equipment companies. It is backed by a royal consortium with strong financial strength, and its market adaptability and risk resistance are even higher.
Wang Yaocheng thought for a moment and signed his opinion on the message;
Negotiations with WorldCom are now in full swing. TSMC's 12-inch fab plan with an investment of up to US$13 billion should be put on hold and can be scheduled for launch in 2003.
He can understand Zhang Zhongmou's eagerness to develop TSMC as his own child.
But the problem is that TSMC now needs to integrate the two eight-inch wafer production lines in the Hsinchu Industrial Park that it just acquired from Chunghwa Microchip, and it has no spare time to develop large projects.
The key is to make money and recoup the acquisition costs first.
After handling this matter, Wang Yaocheng stood up and walked around the room twice with his hands behind his hands, thinking about the next expansion plan.
News came from a U.S. consortium that it intends to split and sell Samsung Electronics' projects.
The main home appliances division, semiconductor division and liquid crystal division are ready to be split and sold, while the highly sensitive avionics division and radar electronics division are not for sale.
According to inside information;
The Home Appliances Division and the Samsung Home Appliances brand bid for US$76 billion, which attracted some European and American funds and investment institutions to watch, but no one actually made a bid.
The Semiconductor Division's bid was US$32.5 billion, and the LCD Division's bid was US$6.5 billion. Neither bid was received.
For the Wang Consortium, although the Samsung Electronics Home Appliances Division has considerable profitability, it is not worth paying such a high price. The consortium itself does not want to be the world's home appliance king and has no interest in it.
Although Samsung Electronics' LCD division is cheap, it is heavily in debt, and its several third- and fourth-generation LCD display production lines are completely unattractive.
If it is possible to acquire Samsung Electronics' semiconductor business unit and take over the LCD business unit together, thus eliminating Samsung Electronics' right-hand man, the cost would be relatively high and acceptable.
Samsung Electronics, which only has its home appliances division, has lost its core competitiveness and is no longer able to pose a threat to the Wang Consortium.
But the current price is high, which is not cost-effective in terms of merger and acquisition strategy.
Should we quote now or wait and see...
Wang Yaocheng weighed it in his heart;
The key is that negotiations with WorldCom are imminent. The two parties have been in contact for several months. This is a merger and acquisition project worth up to 40 to 50 billion US dollars.
If you don’t have extra money on hand and miss this critical and historic opportunity, you will never be able to acquire a Mizi Communications Company again until the entire network communications market picks up.
This will be a great pity for the entire consortium's development strategy and layout of global telecommunications companies.
For the first time, he felt that funds were stretched thin, and a historic opportunity was before his eyes. He could only eat one piece of meat, which made it difficult for him to make a decision.
After acquiring TSMC and several small and medium-sized wafer manufacturers, the consortium's cash reserves dropped to US$26 billion.
Although there is still some revenue at the end of the second fiscal quarter, it is still insufficient for such a large consortium. If it relies on part of the loan to acquire large companies, it is okay to say that one company will be better off. If Samsung Electronics Semiconductor and World Communications are brought under its umbrella, the entire consortium will be
Debt will exceed $130 billion.
For the core HSBC, this situation means that liquidity tends to dry up and risk exposures increase rapidly, which also aggravates market risks.
The prudent approach is to choose one of the two.
You can't have your cake and eat it too.
Which one to go and which one to follow needs to be carefully considered by the helmsman of the consortium.