Chapter 621 Mount Tai collapsed without changing color
After inspecting various southwestern provinces since mid-July, Wang Yaocheng expressed satisfaction with the progress and quality of the ongoing "Demolition of Old Schools and Construction of New Earthquake-proof School Buildings Plan", which far exceeded expectations.
Now during the summer vacation, taking advantage of the fact that students are not on campus, construction in various places has accelerated suddenly.
With the attention of superior leaders and abundant financial support, a wave of campus reconstruction has been launched in various southwestern provinces.
After spending two weeks in the southwest region, taking the time to appreciate the magnificent rivers and mountains of the motherland, Wang Yaocheng returned to Yanjing City in early August. By this time, it was already entering the hot summer season, and it was time to rest and recuperate.
More than a month has passed in a hurry.
this day
Yanjiao Pacific Golf Course
Surrounded by mountains in the distance, on a green lawn, a group of big guys in casual clothes walked forward calmly, followed far behind by caddies carrying golf bags.
Wang Yaocheng, Mo Yuxuan, Qi Yafei, Zhang Rujing, Yu Chengde and Zhao Feng are all the core bosses of the consortium. They have just participated in the third financial quarter summit of 2007 and are rare to relax.
"President Dong Mingzhu is really restless. As soon as the Korean Peninsula LG Group announced its intention to negotiate, she hurriedly took people to inspect the company and couldn't rest for a moment. We can't compare with her enthusiasm for doing business."
Mo Yuxuan is now in his sixties. With his meticulously combed hair and rosy face wearing gold-rimmed glasses, he looks more than ten years younger than his actual age.
"Hahaha...Brother Yuxuan, Miss Dong is preparing to receive the fruits of victory, so she is inevitably a little anxious."
"In the consortium, only the boss can call her Miss Dong! Even us old guys would get anxious when calling her. Well, it makes sense when you think about it. President Dong Mingzhu and I are in the same year, and we are both 62 this year."
"Haha, time makes us grow old!"
After hearing this, Mo Yuxuan stood down and said with emotion, "The most honorable decision of my life was to accept Boss's recruitment with Iaguang. From then on, I entered the fast lane of life and career. I can witness the Wang Family Consortium with you."
The development and growth of Yuxuan is a blessing."
Wang Yaocheng glanced at him, with a smile on his lips, waiting for Qi Yafei and others to follow him, pointing at Qi Yafei with a faint smile and said;
"I just met Brother Yafei back then. He was in his 30s. He had just come up from a station in the countryside. He was tanned and thin. When I saw this fat man who is nearly 50 years old now, who would have thought that he was the same person back then.
What about the cadres stationed in rural areas?
17 years have passed, and things have changed dramatically.
We, a group of people, have worked hard together and created the brilliant business landscape we have today. You have made indelible contributions and also established deep friendships.
Without your cooperation with me, the Royal Family Fund would not have developed to the scale it is today, standing proudly at the pinnacle of the world's business community.
Today, I think it is time to stop and see the scenery of the world, spend more time with my family and children, and regain the responsibilities and warmth that I have neglected while moving forward.
Friends, arrange your work, I will give each of you a three-month vacation to do things that interest you."
Qi Yafei smiled happily after hearing this and said to Wang Yaocheng; "Of course we are happy during the holidays, but for some workaholics, it is simply torture. For example, our Vice Chairman Ru Jing, if you don't let him work, it is better than killing him.
Still uncomfortable.
Also! Yaocheng, can you explain what black skinny people and white fat people mean?
I, Qi Yafei, am eating your rice!"
Facing his question, Wang Yaocheng spread his hands and said to everyone: "Everyone is here, we must speak with conscience. When you invested all your money in Athlon Microprocessor Company, you took your wife and children to stay here.
You have lived in my Mediterranean manor for several years, eating my food, drinking my food, using my food, living in my food, and now you are told that you have not eaten our rice, will your conscience really not hurt?"
Qi Yafei;???
He was so speechless just now that he really didn't think about this.
"Ya Fei, I can prove that what the boss said is indeed your fault."
"This guy turns his back faster than anyone else. Is this a slap in the face?"
"Ya Fei, don't be afraid that you can't afford to lose. We have already agreed that you will lose one stroke and one meal. You have already lost five strokes to the chairman. This is not something you can afford to rely on!"
"Haha, this is really embarrassing."
Facing the crowds of colleagues, Qi Yafei gently adjusted his gold-rimmed glasses with his hands and said with a look of indifference on his face: "Ahem, please listen to my heartfelt words. Only then did I remember that I live in a Mediterranean manor.
When I was there, I ate steak and bread, not rice!"
Everyone was really defeated by his shamelessness and looked at each other speechless.
At this time
Zhang Rujing, who has always been serious, came over, held Qi Yafei's arm tightly with one hand and said, "I also want to ask you to explain what it means to be a workaholic who can't enjoy life? Who doesn't know how to take a break? I also want more time.
I spend time with my family and children, and I feel so frustrated when I hear you say this."
Faced with the question, Qi Yafei was speechless and unable to answer, causing everyone to burst into laughter.
"Okay, Ru Jing is a down-to-earth person who works hard. Don't use him as a metaphor." Mo Yuxuan stepped forward to act as a peacemaker, with the demeanor of an elder. Zhang Ru Jing then let go of his arms angrily.
.
"By the way, Vice Chairman Zhang Rujing, how is the competition in the semiconductor field today?"
After hearing everyone's concerns, Zhang Rujing introduced the latest developments in the business field as if they were on the palm of his hand.
The fab construction boom that started at the end of 2005 has now come to an abrupt end, leaving the entire international market in a mess.
throughout 2006
Investment in building wafer fabs has reached a record scale. Before the end of 2006, a total of 36 wafer fabs were under construction or completed around the world, with construction costs plus equipment expenses exceeding US$70 billion.
Among them, 28 are 8-inch wafer fabs, with new production capacity approaching 40%, causing the world market to become more chaotic and disorderly.
Investment in flash memory and DRMA memory chip business accounts for 70% of it, mainly in the Korean Peninsula, Taiwan and mainland China. The investment of consortium companies is less than 10 billion US dollars, and the rest is some hot money.
Seeing that Atlantic Jinko and Hynix were making a lot of money, they were so jealous that they couldn't help but join in.
The electronics and semiconductor industry has been experiencing a cyclical recession since September 2006, and it has been more than a year now.
The overall world semiconductor chip market has shrunk by as much as 20% from US$270 billion in 2006 to only US$220 billion in 2007. Considering that the price reduction of high-end chips is relatively small, the price reduction of mid- to low-end chips is even greater.
amazing.
Among them, the flash memory and DRMA memory chip business are the hardest-hit areas. The market has shrunk by more than half from the previous year's level of 85 billion US dollars. The overall market size this year has been less than 42 billion US dollars.
In this round of market bloodbath, Micron has completely withdrawn from the DRMA memory chip business, and Europe's Infineon is on the verge of bankruptcy and is receiving financial aid from the EU. Franco-Italian Semiconductor is planning to sell its joint venture in Singapore, reorganize its European business, and seek international strength.
Enterprises take over.
Fuso Elpida has closed six of its 8-inch wafer fabs and one 10-inch wafer fab. All remaining production capacity has been shifted to application chips. Due to the serious losses of the company, the creditors are seeking corporate restructuring.
Taiwan's semiconductor industry is also having a hard time. They can only maintain low-rate production, and there are reports of bankruptcy and liquidation from time to time. Although it turns out that it was all a false alarm, who knows how long they can last?
Consortium enterprises;
Atlantic Jinko's profitability has shrunk by 65%. Due to its application chip processing business, it can still maintain a profit level of US$1.5 billion per quarter.
Since Hynix specializes in the DRMA memory chip business, it has been greatly affected. Its profitability has been damaged by 85%, and it can only maintain a slim profit. The total profit in the first three financial quarters is about 1.8 billion US dollars.
Because TSMC specializes in application chip processing business, it has not been greatly affected by the market. Due to the expansion of its business scope, the overall profit level is better than last year, reaching a level of 2.5 billion to 2.8 billion US dollars per fiscal quarter. The total profit in the first three fiscal quarters is approximately
7.9 billion US dollars.
It is expected that in 2007, TSMC's revenue will increase by 20% year-on-year compared with 2006, maintaining a steady growth trend.
The big bosses were walking and talking at the same time, and their simple words stirred up the world economic situation and determined the direction of millions of people's life and career. It can be said that they saw thunder in silence.
"Chairman, look..."
Wang Yaocheng knew the meaning of Zhang Rujing's question, whether it would start a global M&A spree.
He stood in front of the golf ball with his legs spread apart, holding the golf club tightly in his hand, and said in a calm tone: "Let's take a look and talk. A movement is worse than a sound of silence."
After saying that, he made a powerful swing with both hands, and the white golf ball drew a beautiful curve and landed far away on the green, about 20 meters away from the hole with the flag.
This beautiful shot up the ridge attracted a round of applause. According to the rules of the par-3 hole, it was possible to make a birdie.
Even if it is a two-putt hole, it is still par, showing Wang Yaocheng's very high level.
The big guys present did not admire Wang Yaocheng's skills, but admired his calm and calm attitude in the face of the big game of restructuring the entire electronics and semiconductor industry. This is something that others cannot learn from.
When the request for negotiation from the LG Group was received, Dong Mingzhu, vice chairman of the consortium, flew to the Korean Peninsula in a hurry. When the two parties were compared, the gap between the two could not be calculated.
When Mo Yuxuan saw Qi Yafei and Zhang Rujing's inquiring eyes, he raised his eyebrows and said with admiration in his words: "You guys follow the boss, and you should learn a little bit, and you won't change color even if the mountain collapses in front of you.
, this is the style of the leader of a consortium."
"Hmph, if I compare myself to him, aren't I looking for abuse?"
Qi Yafei's words expressed everyone's thoughts, and everyone nodded in unison, feeling the same in their hearts.
Mo Yuxuan shook his head helplessly and said, "You! I don't ask you to learn it 100%, even if you can get just one or two points, it will be enough for you."
"Forget it, I don't have such ambitions." Qi Yafei looked around at everyone and said with a puff of chest; "Yao Cheng is a once-in-a-century genius in the international business world. I think I can't compare with you, and I don't want to be hit again. I just want to compete with you."
Just compare, I’m quite confident in this aspect.”
Don't tell me, this is really not bragging.
Arctic Ocean Holdings' Amazon website, Google website and Facebook, YouTube video, photo gallery website and Athlon microprocessor company have many highlights, ranking among the top in terms of market capitalization, and are the strongest in the entire consortium.