Chapter 934 Obligation (4k)

The financial crisis swept the semiconductor industry, and as the world's leading wafer foundry, Taiji was not immune.

It is reported that Taiji's revenue forecast for November is very pessimistic, believing that it will suffer a year-on-year decline of more than 30%, while Taiji received $900 million in revenue in November last year.

This news has not been verified, but the layoffs initiated by Taiji are presented to Fang Zhuo.

Taiji has always been the key target of Bingxin's talent tracking. Since the completion of the factory construction in 2004, headhunting companies have been used to frequently contact.

However, the results of the first two years were not good. Liang Mengsong's attitude, who did not leave Taiji at that time, was a microcosm - which corner of Bingxin was the wafer factory that emerged?

Later, with the news of 130nm, 90nm, and especially 65nm process breakthroughs, Bingxin's high salary became attractive on the horizontal line, implicitly becoming the second SMIC that could be considered in the mainland.

From 2004 to 2008, Bingxin only poached less than 40 engineers from Taiji, which was an unprecedented setback in poaching.

This time, under the leadership of the new head Cai Lixing, Taiji began to use performance and other standards for elimination. The official figure is 5%, but Bingxin's headhunters have verified that it may be more.

This means that Taiji, which has nearly 30,000 employees, may export thousands of talents to the industry.

Fang Zhuo likes the decision of President Cai.

In fact, President Cai's situation this year is similar to that of many leaders who succeeded the founders. They often have to pay attention to and be responsible for the numbers on the financial statements first. Otherwise, shareholders are not satisfied with the stock price, and he himself is not satisfied with his achievements, and his position will not be so stable.

Under this situation, the human resource optimization plan that was intended to help backward employees improve in the past has become a weapon for layoffs.

According to convention, the layoffs that are already underway will obviously reach a peak after the new year.

In addition to Taiji, the world's leading foundry, UMC, which lags behind and is known as the "double hero" with Taiji, has also started a large-scale layoff.

Unlike the distant Texas Instruments, engineers from Taiwan and UMC, located in Taiwan, have fewer geographical difficulties when choosing the mainland as their base. Moreover, there are also a large number of Taiwan executives in Bingxin.

Take a quick look, Bingxin's chief technology officer looks like Professor Hu, the former CTO of Taiwan.

Take another look, Bingxin's co-CEO looks like Dr. Liang, the former senior R&D director of Taiwan.

Take a closer look, many backbone middle-level managers also look like former colleagues.

They were laid off and re-employed in Bingxin, so it seems that it is not unacceptable for us to come here.

Based on these factors, Fang Zhuo held several online meetings of Bingxin in succession, requiring that in accepting unemployed employees, we must beat the slow with the fast, and must quickly and quickly get people here first.

Is Bingxin's capacity utilization rate also declining?

No problem, we can hold on.

The classic counter-cyclical investment in semiconductors starts with accepting the heartbroken employees of friendly companies.

It is expected that the skeleton of employees required by the German factory and Bingxin Plant 4 will depend on the situation of this wave.

Fang Zhuo wanted to return to China to preside over this work, but on the one hand, he also needed to be responsible for the re-employment of laid-off workers in the United States, and on the other hand, he celebrated O'Neal's victory with his golf friends in Silicon Valley.

From September to November, the situation between O'Neal and McCain was completely reversed, and finally the reform came to the stage.

Considering the current situation and the gap between the two sides in the economic camp, this reminded Fang Zhuo of Clinton's campaign slogan - "It is The Economy, Stupid", which is quite similar.

The first black leader in history was born, but he faced a financial crisis that needed to be solved urgently.

Due to some considerations, Fang Zhuo did not go to Chicago to watch O'Neal's victory speech despite receiving an invitation.

However, he was swinging a golf club in Silicon Valley, and he knew the candidates for O'Neal's economic team faster than the media.

As expected, Geithner will become the new financial steward, and Summers, director of the New York Institute of Economics, will be in charge of the Economic Committee - Regarding Summers' re-employment, this was really beyond Fang Zhuo's expectations.

The relationship between these two is too close.

In addition to them, Christina Romer will serve as the director of the Council of Economic Advisers, and Barnes, a senior adviser in the campaign team, will serve as an internal affairs adviser.

Geithner, Summers, Romer, and Barnes are the shadow economic cabinet of Obama.

Fang Zhuo is not familiar with the latter two, but he clearly got a signal that both Geithner and Summers hope that the financial industry can recover quickly, and Geithner is already carving out his financial rescue plan.

If you want to save the financial industry, you must face up to and solve the toxic assets.

Geithner plans to introduce private capital to work with the administration to detoxify the huge toxic assets.

Last month, Bush passed the $700 billion rescue bill in Congress with difficulty. He is now setting his sights on this and plans to use $100 billion as the official funds in the plan to leverage private capital.

In order to better attract private capital, the main risks will be covered by the administration, and the book profit will also be considerable.

Simply put, a toxic asset worth $20 million was auctioned, and the winning bid was $10 million. Private capital only needed to pay $750,000 to obtain an equity, and the remaining $9.25 million was funded by the administration, of which $8.5 million was a loan and $750,000 was used to obtain the same equity.

If this toxic asset benefits and has a real value of $20 million, private capital will invest $750,000 and get a profit of $5 million, and the other half of the profit of $5 million belongs to the administration's $750,000.

Investing $750,000 is equivalent to the effectiveness of $10 million in funds, and it is possible to get $20 million in assets.

This is a simple description of Geithner's plan.

Of course, there are risks. After all, this $20 million asset is toxic and may eventually be worthless. You will lose $750,000, and the rest of the losses will be borne by the administration.

However, as a friend, Fang Zhuo is willing to take the huge risk of being worthless to support Geithner.

He did not help in the financial crisis and even caused some chaos. This time he must be obliged to do so.

Fang Zhuo swung his club on the golf course, carefully weighing the risks and responsibilities, and couldn't wait to see Geithner and others take office.

On November 9, news of bankruptcy and layoffs were still spreading in all walks of life around the world. There were not many news that Fang Zhuo felt the same way. Qimonda seemed to be filing for bankruptcy, Sony's head Stringer sighed, and AMD was looking for a buyer for its wafer fab. After all, AMD's founder Sanders had a famous saying that "a good man should have his own wafer fab"...

Buying goods, playing golf, buying goods, playing golf, buying endless goods, playing endless golf.

That night, Fang Zhuo, who really couldn't spare the time, finally invited General Manager Yu Hong to have a dinner that was two days late.

"Too busy, too many things to care about." Fang Zhuo hurried into the restaurant and first announced a good news, "LG Electronics' sales ban in ITC is about to come down."

Yu Hong was surprised: "Really? So soon? It's not even half a year yet."

Generally speaking, such a process takes at least half a year.

Fang Zhuo nodded slightly: "My friend said so, and I'm not sure whether this news can be implemented in the end."

Yu Hong probably knew the boss's social skills and sighed: "Boss Fang, you have so many friends, what about HTC?"

HTC was sued later.

"We need to wait for this, and HTC's Boss Wang called me again, and he really wanted to meet me and talk about cooperation." Fang Zhuo smiled, "I don't like to kill all the enemies, and I'm always soft-hearted."

Yu Hong was very calm: "Yeah."

"The most important thing is that the Android camp needs to be promoted, and it seems that it's enough for LG Electronics to be hung up." Fang Zhuo drank a mouthful of soup.

LG Electronics really has a grudge against Yike.

Yike's mobile phones have been banned from sale in the Korean market, and it may not be able to enter the market for a while. Unfortunately, there is Samsung in Korea that has learned the essence. When Samsung finishes selling touch-screen smartphones, even if it can enter the market, the intensity of competition will be different at different times.

"When can the ban be announced?" Yu Hong asked.

Fang Zhuo thought for a moment: "I think the middle of next month is a good time. LG and channel dealers must prepare a large amount of goods for Christmas. It's just right to pay more at this time."

Yu Hong felt that the boss's "feeling" seemed to affect the tone of ITC's announcement of the ban time.

She nodded slightly: "Then we can prepare to contact Verizon and see if we can get on board with this operator."

Verizon once intended to cooperate with Yike, but chose LG because of T-Mobile's exclusive sales time.

However, the market response to LG's mobile phone products was mediocre, and it was about to face a ban on sales. This may be an opportunity for Yike to renew its relationship with Verizon.

Verizon used to be very stubborn, but now the second largest telecom operator in the United States has become much more moderate.

Fang Zhuo continued with this topic: "Sony's Stringer called me and said that he also wanted to lean towards Android, but he was unwilling to give up Microsoft's WM system. What do you think of its trend?"

"Sony Ericsson's market share in the third quarter also declined a lot, similar to Nokia and LG. Only Samsung's loss was not big." Yu Hong pondered, "It's not impossible to have two boats, but whether Sony Ericsson can calm down and make products now is probably a big hurdle."

Things are different now. Yike and Apple's smartphones have established their brands, but the economic situation has brought additional pressure.

Sony, which Sony Ericsson relies on, is also very sensitive to pressure and may not be able to deal with the situation calmly.

"Well... the old knight is not in a good mood. Fortunately, I told him the good news that the financial management income has doubled several times, and he probably feels more comfortable." Fang Zhuo shook his head.

"How much did he invest?" Yu Hong found that the boss really let anyone pay.

"Not much, just a small investment for fun, one million dollars." Fang Zhuo was just about to talk about the idea that if you don't manage your finances, your finances won't manage you, when his secretary Liu Zonghong knocked on the door and walked in, handing him the phone.

Fang Zhuo looked at the number and saw it was from the vice president of Deutsche Bank.

After a few minutes of talking, he put down the phone and said, "It's an informal invitation from the German bank. They want to renegotiate the loan for building a factory."

"Are they going to give in?" Yu Hong knew about this.

Fang Zhuo nodded and smiled slightly: "It's interesting to say that the German bank rejected Qimonda's call for help and was unwilling to fund it. Instead, it took the initiative to find foreign manufacturers like us."

"Chasing the rise and the fall, everyone knows that Qimonda is in trouble and is unwilling to wade into troubled waters." Yu Hong said calmly, "Qimonda doesn't know the specific amount of losses, and I don't know which bad guy in the stock market has been shorting Qimonda. Menda."

Fang Zhuo glanced at Xiao Yu, who was looking at him. He didn't want to make blind guesses about this kind of thing. He could love whoever he wanted, and it was not illegal to be short.

Just as he was about to change the topic, his phone vibrated again.

This time it was from China.

"It's from Lao Xiong." Fang Zhuo said before pressing the phone.

"I just met Mr. Li again this morning." Xiong Xiaoge continued without politeness, talking about domestic time, "Compared to last time, Mr. Li's attitude has softened a lot. I think there is hope that we can talk about Yike. It’s a matter of acquiring Dangdang, but he wants to talk to you in person.”

"Talk in person? Is he really willing to sell?" Fang Zhuo pondered, "I don't have time to go back now, Silicon Valley is very busy."

"I don't know if he is really willing, but he just wants to talk face to face." Xiong Xiaoge said.

Fang Zhuo didn't think there was anything in common at this moment, so he still declined politely: "I'm really busy here and can't go back. Bingxin was doing important things a few days ago, so I didn't even go back."

"He insists on this." Xiong Xiaoge was also a little helpless. He was about to sell the company. What else was there to talk about? Mr. Fang couldn't say anything good.

Fang Zhuo said unceremoniously: "Then you tell him directly, either he comes to Silicon Valley to meet me, or he looks for another job. I'm going to Europe next month, and I don't have time to waste talking about friendship in person. above."

Xiong Xiaoge said "Yeah", now is a buyer's market.

Dangdang, which has built a warehousing and logistics system, can be a good complement to Tesco. However, other than Tesco, I am afraid that no one else will rush to take over such an e-commerce platform.

Xiong Xiaoge quickly ended the call.

Yu Hong heard one-sided content from the side, but she was able to piece together the general outline and asked in surprise: "Dangdang is also going to be sold?"

Fang Zhuo shrugged: "It's an economic crisis."

Yu Hong thought about it, and yes, recently in the United States, we have seen that many well-known global brands are having a hard time, and many of them have gone bankrupt.

"I suspect that Lao Xiong will talk to Qingzi directly after the phone call." Fang Zhuo guessed while eating.

"Although Mr. Li has some disagreements with you, I still have to call you to communicate with you about this kind of thing." Yu Hong said.

Fang Zhuo looked at his phone and considered whether he should take the initiative. It was not easy for everyone.

After dinner, just when Yu Hong was about to end her cell phone conversation, Fang Zhuo's phone lighted up again. This time it was really from the head of Dangdang.

Fang Zhuozhen didn't know how to communicate with this person.

Fortunately, Li Guoqing didn't really want to make small talk. He just asked a question with some sadness: "Fang Zhuo, to be honest, if Dangdang survives this test, do you think it will be able to gain a foothold in B2C?"

Fang Zhuo said "Huh": "Well, I haven't thought about it much."

Li Guoqing was silent for a while and sighed: "Tell me, how can I beat you once?"

Fang Zhuo thought for a long time and asked, "What was your last question?"

"Dangdang's current situation is not good. It's really hard to endure." Li Guoqing's true feelings were blocked, "Since I want to sell, what Mr. Xiong said makes sense. It's not a shame to sell to you."

Fang Zhuo finally relented: "Well, Qingzi, if you still want to start a business next time, you can give me a call."

Li Guoqing said: "What? You still want to invest money in me?"

"No, I can give you some valuable advice." Fang Zhuo said seriously.

Li Guoqing said "ha" without saying anything else, ending the psychological struggle on the phone.

I thought I would be as angry as ever, but I didn't expect that the actual phone call would be... that's it.

Just sell it, take the money and leave, and find another place to create glory again.