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Chapter 715 Valuation too expensive for you to afford

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    Kim Nam-ki's plan is very simple and easy to understand.

    Samsung will strengthen its cooperation with Apple and become the exclusive manufacturer of Apple's A-series chips.

    Not only will the price of the chips produced in the future be more favorable (about 20% off), but it will also provide some references for Apple's chip design.

    Samsung Semiconductor played a fairly active role in Apple's chip design process.

    Currently, the Apple iphone4 uses the Apple A4 processor, which is based on the ARM processor architecture and integrates an Armcortex-A8 processor core based on Samsung's 45nm process and a PowerVrsgx535 graphics processing core.

    There is still some gap between Apple and the world's first-class semiconductor companies in the ability to design processors.

    Without the support of Samsung, Apple's processors would never be as handy as they are now.

    If the cost of chips is reduced, Samsung will participate in the design and production of Apple chips for free in the future, which will be the biggest benefit for Apple.

    But the conditions made Jobs a little embarrassed again.

    Jobs has said on various occasions more than once that the most critical reason for the success of the iPhone is the technical support of Changtian Technology - ultra-fast and large memory, storage, large battery, and a super-realistic camera.

    These are the basis for Apple to be thin and light while ensuring high performance.

    It is also an actual experience that cannot be brought by the chip.

    Therefore, Jobs said very cautiously: "Kim, we have cooperated for many years, and I will tell you some truths."

    "We have signed an order of tens of millions of semiconductor products with Changtian Technology. It is expected that Changtian Technology's hardware products will be supplied to our entire life cycle of iphone4."

    Jobs said: "Great products need great hardware support. Samsung's chips are as important as Changtian Technology's semiconductors. I hope Mr. Jin can understand."

    This is not to say that Jobs thinks highly of Xia Guo or Changtian Technology, but purely because of interests.

    The first batch of iphone4 users have all enjoyed the advanced hardware of Changtian Technology. If they cut off the agreement with Changtian Technology and use Samsung's semiconductor hardware again, it will be unfair to the subsequent users, and it will  Serious damage to Apple's image.

    Apple's mobile phone has been going all the way for several years, and it was not until this year that it really became a phenomenon-level product.

    It is absolutely impossible for Jobs to dig his own grave and dig a hole for himself.

    Jin Nanji was very embarrassed this time, and his expression changed immediately.

    Jin Nanji said: "Mr. Jobs, the development of Changtian Technology has already threatened the entire semiconductor industry in the United States. I think the industry associations in the United States will take some measures sooner or later. At that time, if Apple goes (abandon) Changtian Technology, it may suffer.  The loss will be greater."

    Jobs is a feverish tech maniac, but not a businessman sensitive to politics and capital.

    It is also for this reason that he left Apple back and forth and then returned to Apple.

    Such words, said by Jin Nanji, made Jobs feel very uncomfortable.

    Jobs said, "What do you mean, sir?"

    Kim Nam-ki said: "If Mr. insists on going his own way and must purchase Changtian Technology's semiconductor products, Samsung may refuse to have further cooperation with Apple on chips."

    Jin Nanji's words did not mean death, but they already had a threatening meaning.

    This made Jobs very unhappy.

    Jobs laughed and said: "We will cooperate with Samsung according to the contract."

    At present, Apple and Samsung have signed a chip supply agreement covering the entire supply cycle, so Jobs is not afraid of Samsung's breach of contract.

    And Jobs knew very well that Changtian Technology's semiconductor products cannot be replaced, but Samsung's chips can.

    If Samsung does not produce chips, there are companies such as Infineon and Qualcomm.

    It is even possible to let Apple design its own chips and let TSMC do the manufacturing.

    This made Jin Nanji very upset, and the two sides talked for several hours, but Samsung still did not persuade Apple to stop using Changtian Technology's semiconductor products.

    This is the absolute advantage of technology.

    If the semiconductor products of Changtian Technology can be replaced, then the condition of Samsung's dismissal is quite attractive.

    Kim Nam-ki left Apple headquarters in a very unhappy mood.

    Before leaving, Kim Nam-ki said: "JobThere was a meeting to discuss the issue of Changtian Technology.

    However, they all realize that Changtian Technology has achieved a certain sense of monopoly in the semiconductor industry.

    Almost at the same time, several Wall Street capitals came up with two solutions.

    There are two ways to deal with the problems of Changtian Technology.

    The first method is to use capital and technology to try to prevent Changtian Technology from entering the US market or even the Western market, and after forcing Changtian Technology back to the Xia Country market, strangle Changtian Technology by all means.

    This method is the method used by the United States to target the Toyo semiconductor market, which killed a large part of Toyo's semiconductor companies.

    But this approach, for Wall Street, is likely to fail to solve fundamental problems.

    ?Because Xia Guo is not an oriental country, but a big country with a population of more than one billion and a Big Mac market.

    The fundamental reason why many companies and projects invested by Wall Street capital can make money is that they have vast interests in Xiaguo and can earn a lot of money from Xiaguo consumers.

    ?Forcing Changtian Technology back to Xia Kingdom, the final result may be counterproductive. Not only will Changtian Technology not die, but it will also receive strong support from Xia Kingdom.

    Wall Street capital has no way to make money from the Xiaguo technology market, and this feeling is also very uncomfortable.

    The second method is the same as when Wall Street capital dealt with South Korean companies such as Samsung and Xiaguo companies such as Ali and Penguin.

    Find a way to restructure the shares of Changtian Technology and obtain shares of Changtian Technology.

    Let Chen Xiao or Xia Guo Capital have the right to operate Changtian Technology and control the so-called group company, but not the controlling interest.

    Let Changtian Technology become a sharp weapon for Wall Street capital to make money.

    The analysts of Wall Street predators are the elite of the human elite.

    They have keenly discovered that the technical content of Changtian Technology's semiconductor hardware products has dropped hundreds of blocks in traditional semiconductor industries such as Samsung.

    So if you can get the shares of Changtian Technology.

    Then the profits obtained will definitely be more than investing in companies such as Samsung.

    America, Wall Street.

    Morgan Stanley.

    As one of the largest consortiums behind Samsung Electronics, Morgan Stanley immediately began to analyze the equity composition of Changtian Technology after receiving the news from Kim Nam-ki.

    I don't know if I don't analyze it, but I feel very surprised after analyzing it.

    It is different from all technology original companies.

    In the process of development, Changtian Technology has protected its equity very cleverly.

    Changtian Technology did not seek angel rounds like traditional start-up companies, and then seek more financing for the company, with the ultimate goal of going public.

    Although this group company was short of money for a period of time, it only sacrificed the equity of some subsidiaries and obtained investment from idg, so it was relieved.

    At present, Changtian Technology's group companies generally have no listed or tradable shares.

    The only tradable shares are two subsidiaries, one is called Yuedong Internet and the other is called Bird.

    It's just that neither of these two listed companies is a core subsidiary of the group company and has no mastery of Changtian Technology and core technology.

    Although Xiaxin International, which is controlled by Changtian Technology, is also listed in Xiangjiang City, Xiaxin International, as a semiconductor manufacturer, is not a designer and technology party, and it is of little significance to capital.

    The shareholding structure of Changtian Technology makes the capital very uncomfortable.

    Because there is simply no way to start.

    Even so, Morgan's economic experts estimated the Changtian Technology Group's estimate based on the current layout of Changtian Technology, the company's size and market impact.

    This estimate shocked Morgan's economic experts.

    Just the hardware company of Changtian Technology, its valuation is as high as 300 billion meters.

    If you add Changtian Technology's intensive care center, Galaxy Energy Company, Yinghuo Company and other powerful subsidiaries, the valuations are at least trillions of dollars.

    Trillions of meters!

    Not trillions of RMB!

    Even if Morgan was sold, he would definitely not be able to afford Changtian Technology.

    This calculation really shocked the capital of Wall Street.

    In Xia Kingdom, when did such a terrifying technology monster company come out!

    The market value of trillion meters knife!

    Who on Wall Street can afford it?

    If you can't afford it, you have to find a way to buy it!

    This is the character of Wall Street.

    When the Soviet Union disintegrated, Wall Street frantically bought Soviet state-owned enterprises worth tens of billions or hundreds of billions of dollars at a low price, and their assets doubled hundreds of times in a few years.

    During the economic crisis in 1997, Wall Street bought assets in South Korea, Thailand, East Asia and the Wanwan area cheaply, and the assets have increased dozens of times by now.

    Now that Changtian Technology can't afford it, then we have to find a way to make Changtian Technology depreciate, turmoil, or even take the initiative to kneel down and beg for peace. This is what the wolf of Wall Street should do.?!

    This is the character of Wall Street.

    When the Soviet Union disintegrated, Wall Street frantically bought Soviet state-owned enterprises worth tens of billions or hundreds of billions of dollars at a low price, and their assets doubled hundreds of times in a few years.

    During the economic crisis in 1997, Wall Street bought assets in South Korea, Thailand, East Asia and the Wanwan area cheaply, and the assets have increased dozens of times by now.

    Now Changtian Technology can¡¯t afford it, so we have to find a way to make Changtian Technology depreciate, turmoil, or even take the initiative to kneel down and beg for peace. This is what the wolf of Wall Street should do.
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