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Text Chapter 1,688 An uneconomical acquisition!  ?

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    If a high-tech company wants to develop and grow, then two things are necessary.

    The first is to have sufficient R&D talents. Only with more talents can they continuously invent and create valuable patents, which they can either use themselves or license to other companies, making a lot of money for the company.

    The second is the need to have a more sufficient patent library, whether for your own use, exchanging patents with others, or restricting the development of others Anyway, after entering the 21st century, in this world, the patent library is definitely more valuable than money, and it is  essential.

    For a company like Fairy Company that has only been established for more than two years, talents are constantly being recruited, but the patents in the patent library can only be enriched through purchase.

    ADI's wireless communication chip department, Texas Instruments' wireless technology related, Ericsson's wireless communication equipment, Nortel Networks almost all of them, the technology patents of major mobile phone companiesetc., Xiao Qi has not only paid a huge amount for this  Work hard, and you'll get the same amount of money.

    But Xiao Qi is not satisfied. In fact, in the past few years, Europe and the United States have encountered financial crises everywhere. It is the best opportunity to take advantage of the situation in the past two decades. If you miss it in the past few years, what will you want to buy?  For high-tech companies, it is simply more difficult to obtain high-tech technology.

    Therefore, after taking care of Nortel Networks in the first two months, Xiao Qi is now turning his attention to another company that has been established for a long time - Infineon.

    As a semiconductor division spun off from Siemens, Infineon adheres to the innovative spirit of Siemens and has very strong R&D capabilities in the field of semiconductor chips.  Whether it is a mobile phone baseband chip or a smart processor CPU.  Whether it is on-board intelligent switching systems or even on various sophisticated sensors, Infineon ranks among the top ten in the world.

    What Xiao Qi values ??most is not the more than 30,000 patented projects in Infineon¡¯s hands, but their excellent R&D capabilities and forward-looking thinking that is closely linked to future technology.

    Let¡¯s not talk about anything else, just talk about the ¡°people-vehicle exchange system¡±, which is the vehicle-mounted intelligent system. Infineon will become the first in the world in the future.  Automobile intelligence is the direction of future development, and Infineon, which has the best sensors and chips, will occupy this area in the future and earn huge profits, which is enough to make anyone jealous.

    However, this is not the year 2013 when automobile intelligent systems are developing rapidly. This is just an era when simple ESP automobile electronic stability systems are slowly becoming popular, such as human-vehicle exchange systems.  It's really a bit ahead of its time.

    ??????????????????????????????????????????????????????????????????????????????????????OUT out out, Infineon is not as good as Qualcomm, the industry leader, nor Samsung, and they are not even as good as MediaTek, which was promoted by Xiao Qi.

    Because of this, Infineon has been having a hard time recently due to the subprime mortgage crisis.  Especially after its "son" Qimonda suffered huge losses due to the shrinkage of its dynamic chip DRAM business, Infineon's market value has plummeted from last year's highest of 8 billion euros to 5 billion euros in January.

    Although by March, Infineon¡¯s market value will drop by a few percentage points to 4.53 billion euros.  But during the Spring Festival, Xiao Qi had already entrusted Goldman Sachs.  Let them help acquire Infineon.

    Although Goldman Sachs is notorious and will be despised by the majority of investors in the future, they are still very responsible and have sufficient strength after accepting the entrustment, especially when Xiao Qi has paid enough commissions.  Down.

    Goldman Sachs is the most powerful in the United States, but that does not mean that they only run rampant in the United States. In fact, Goldman Sachs has huge power in Europe and even Asia.

    For example, Italy¡¯s Deputy Minister of Finance directly joined Goldman Sachs Europe after resigning.

    In addition, there are two French finance ministers, five top executives of the World Bank, seven top executives of the European Central Bank, and a total of fifteen top executivesetc., etc., were all included by Goldman Sachs, relying on their connections and relationships.  , speculating and deceiving people in various countries.

    Germany, a traditional European power, is naturally a target for Goldman Sachs to infiltrate. After some hard work, Goldman Sachs finally got through the joints and brought Xiao Qi good news without any surprises.

    The Germans were willing to sell the ailing Infineon, but they asked Xiao Qi to take over Qimonda as well.

    Of course Xiao Qi quit. Are you kidding? Qimonda is a famous cheating master. He owes a lot of debt and will go bankrupt next year. What's the use of it?

    Even though Qimonda is the world's second largest DRAM dynamic chip manufacturer, the quality is surprisingly good, but the production and operating costs are too high. With this kind of effort, Xiao Qi might as well just sell Japan's Bilda  Acquired, they will be there in two years anywayIt's about to go bankrupt, not to mention the low price, and it can be shipped directly to China.

    Qimonda cannot be moved, so leaving it and Infineon in Germany would be a rip-off.

    You have to say that Infineon is better. After all, it develops and produces high-value-added high-tech products. Even if it is produced in Germany, it will not lose money despite the high cost.

    "Besides, Xiao Qi also has other plans for this. In the end, he will definitely make the Germans dumb and eat Coptis chinensis, and they will suffer unspeakably."

    But not Qimonda. DRAM chips can be manufactured in China, and the cost is only one-fifth of it. Do I have to support the company and people for Germany in vain?

    Not to mention that Germany¡¯s taxes on foreign companies are so high that it is simply jaw-dropping!

    Companies like Goldman Sachs, when you spend money, they can indeed allow you to enjoy emperor-level services.

    Hearing Xiao Qi¡¯s disagreement, Goldman Sachs did not complain at all, and immediately started difficult negotiations with a group of old-fashioned people in Germany.

    "Fortresses are always breached from within. There are many German experts in Goldman Sachs. They naturally know how to deal with the Germans. Under the influence of various profit methods, the stubborn and old-fashioned Germans once again relented.

    That is, they are willing to transfer Qimonda's patents to Xiao Qi, but Xiao Qi must pay 300 million U.S. dollars for this. If they agree to this condition, then Infineon will be able to pay 6 billion euros, a total of 8.9 billion U.S. dollars.  Sold as a whole to Xiao Qi.

    In other words, including commissions and other expenses, Xiao Qi will have to spend almost 10 billion US dollars to win Infineon.

    The company¡¯s top management has many opinions on this. Fairy Company has spent a lot of money to purchase patents and companies, but it has involved a US$10 billion acquisition. This is the first time it has ever been done.

    Infineon¡¯s smart sensors are very good, and they also have their own unique features in mobile phone chips and CPUs, but at $10 billion, they are still too expensive.

    Fairy Company only invested more than one billion yuan in the China Institute of Optoelectronics and made great breakthroughs in smart sensors. As long as 1 billion US dollars was invested in them, it would be enough for them to catch up with the world's first-class level.

    As for the baseband chip, it is even simpler. A group of doctoral students studying at Tsinghua University in the 1980s founded a company called Spreadtrum Communications, which specializes in making this baseband chip. The CPU is also very powerful. Although it was sold in the United States last year  The NASDAQ is listed, but it only costs 2 billion US dollars, which is much cheaper than Infineon.

    Calculated in this way, if all were replaced by Huaguo's simplified version of the acquisition, Xiao Qi could use up to 3 billion US dollars to obtain what he could get from purchasing Infineon. The cost is less than one-third, and it is also conducive to control.  , it is absolutely not an exaggeration to describe it as "cheap and good quality".

    But because of his reincarnation, Xiao Qi thought further than them.

    Global light car sales were 75 million units in 2011, 80 million units in 2012, and 82 million units in 2013. In the long run, as third world countries become increasingly wealthy, especially those with super-populated countries such as China and India,  As the demand for cars in large countries increases, it is basically reasonable to maintain an average annual sales volume of 75 million cars within the next 10 years.

    Among these vehicles, compact cars and above have reasons to be equipped with intelligent passenger-vehicle exchange systems.

    As the world's number one vehicle-mounted smart sensor in the future, Infineon will have sales of at least US$10 billion per year in this area alone. If it can compete with German and even German companies such as Porsche, BMW, Mercedes-Benz, Audi, and Volkswagen,  If you build good relationships with the world's auto overlords, it will be easy to increase sales by another $5 billion a year.

    That¡¯s right.

    This is one of the reasons why Xiao Qi wants to acquire Infineon.

    You think Infineon is really that good?  Defeated all companies and ranked first in the world in in-vehicle intelligent systems, unsurpassed by anyone?

    Do not be silly!

    Isn¡¯t it because Infineon is an affiliated company of Siemens, and Siemens and the major German automobile giants are not outsiders in the first place?

    If Infineon was not a German company and was not a spin-off from Siemens, then the above-mentioned major and mid-range cars would not be able to use Infineon's products, at least not so much and widely. Then,  How did Infineon become the company with the highest reputation and market share in the market?

    Even if Xiao Qi buys Infineon, all its employees, procurement, production, etc. are still in Germany. When the German government is happy to collect taxes, there is no reason not to ask several major automobile giants to take care of it!

    For this market segment alone, considering the future financial resources and the possession of new technologies, Xiao Qi should buy Infineon instead of other companies.manage.

    The young man always remembers that what he needs most is not money, but technology and talents who can develop technology!

    ??????????????????????????????????????????????????Aren't we still short of money when we have money but can't buy technology and talents?

    ???????????????????????????????????????????????????????????????????????????????????? When money cannot make a positive contribution at all, except for enjoyment, how useful is it?  !
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