Rebirth of the Official Business Route

The time to start the negotiation should be when it starts to get worse, not when the situation has become worse or the worst.

The gradual deterioration of the situation will cause the negotiating party to gradually lose confidence in resistance, and it will also make the third party cautious and afraid to act rashly because it cannot see through the changes in the situation.

Zhang Ge doesn't mind paying a premium of one to two billion dollars for the acquisition of Hyundai's TFT-thin-film liquid crystal business assets. He is more worried that Samsung or these South Korean electronics companies will stand up and become an obstacle to the acquisition. Fastest update of novel chapters

Zhang Ge stared at the quiet night outside the window. Many things would not be as simple as expected. He waited for Chen Xinsheng to purchase the purchase in his mailbox, heard the prompt of the purchase email, sat in front of the computer, and took the plan seriously. .

The Asian financial turmoil has caused the Korean economy to suffer deeply. The number of large groups supported by the Korean government went bankrupt and closed during the financial crisis even more than one-third of the total. Hyundai Group and LG Group, and even Samsung Group in 1997 and 1998, brought the financial turmoil to the brink of bankruptcy. In response to the financial crisis, the South Korean government reorganized the business and assets of large group companies. The merger of Lg Semiconductor and Hyundai's semiconductor business unit into Hyundai Semiconductor was the most traditional Chinese pharmacy link in the Korean economic restructuring plan. This is also a manifestation of the will of creditors. "Fiction" novel chapters are updated fastest

After the reorganization, Hyundai Semiconductor is under the leadership of Hyundai Group, becoming the world's second largest chip manufacturer; but this reorganization and merger under external pressure cannot be regarded as a happy marriage. Although Hyundai Semiconductor is under the leadership of Hyundai Group, in fact, Lg Semiconductor has always opposed Hyundai Group’s management and control of its semiconductor department. This has made Hyundai Semiconductor a lot of contradictions at the beginning of its establishment, and it has been unable to get rid of the negative effects of the financial crisis. .

In 1998 and 1999, the wave of new technologies was surging, the global market demand for chips steadily picked up, and modern semiconductors still suffered huge losses. The patience of creditors and shareholders has become limited, and Hyundai Semiconductor is deliberately separated from Hyundai Group to prevent Hyundai Semiconductor from dragging down the entire Hyundai Group.

Now that the new technology bubble is destroyed, the crisis in the securities market will sooner or later affect the real industry. If the problem of modern semiconductors is not solved cleanly and neatly, the situation will become more and more serious.

The purpose of spinning off Hyundai Semiconductor, the world’s second largest chip manufacturer, from Hyundai Group is still to sell for a good price. In order to better find acquisition targets, it is necessary to remove some non-profits before spinning off Hyundai Semiconductor from Hyundai Group. The core business was spun off from Hyundai Semiconductor.

In February of 2 years, the TFT-business was first taken from the company as a non-core business. Hyundai Semiconductor was spun off and established as an independent company. The company is now under the supervision of a creditor committee composed mainly of South Korean state-owned banks, and has no close relationship with Hyundai Group.

Thin-film liquid crystal TFT-technology mainly originated from Japan. The Korean government vigorously supported the liquid crystal industry in the mid-1990s and invested in the construction of large quantities of third and fourth generation lines. Even now, thin-film liquid crystal TFT- is mainly used in notebooks; throughout the 1990s, the global sales of notebooks were quite limited. The market demand for liquid crystals was not strong, but it was an industry that required both technology and capital. Early investment in TFT -The manufacturers have continued to lose money, just like Samsung, although it is currently the world's largest TFT-film LCD manufacturer, has been losing money for seven consecutive years before turning losses into marginal profits last year.

Even after seven consecutive years of losses, even during the worst of the financial crisis, Samsung did not intend to give up the thin-film liquid crystal TFT-business, and was firmly optimistic about the future market prospects of TFT liquid crystal.

The Asian Financial Crisis ~www.readwn.com~ The South Korean Won exchange rate has depreciated sharply, making the South Korean Won's electronic component exports more favorable. At the same time, it has become the world's largest notebook assembly base. Various factors have caused South Korea's thin-film LCD TFT-industry to recover in advance and take advantage of the trend. , The global market share increased from 8% before the financial crisis in 1997 to 34% at the end of last year.

Although South Korea’s thin-film LCD TFT-industry has achieved profitability in the entire industry in 1999, and the market prospects have become more and more clear. South Korean electronics companies such as Samsung have firmed up their determination to invest in the thin-film LCD TFT-business, but the creditors behind the company have not There is no long-term willingness to operate. What's more, if the company wants to operate for a long time, it must immediately consider raising huge sums of money to launch a new generation of thin-film liquid crystal production lines, otherwise it will face the destiny of technology and production being eliminated. Rather than raising huge sums of money to take risks, it is better to sell for a good price as soon as possible...

Zhang Ke set the direction for Kumho to develop the TFT-industry as early as 1997, and asked related production and technical departments to make active preparations for this.

In 1997, four or five domestic companies had sTn-LCD production capacity and relatively complete technology. Kumho still introduced complete sTn LCD technology and equipment from abroad as its key industry exhibition and established it under the Aida Group The independent Jingping Electronics Company is responsible for the development of LCD panel business.

Later...