Recast youth

Chapter 1258 I actually started to think about it seriously.

"Oh, Chen Jing, Chen Huang, the old Chen family has talents."

Ye Feng sighed deliberately when he heard this.

"Hey, hey, let's talk about it, don't throw dirty water on me."

Chen Huang said with a smile: "There are so many people named Chen, how can you talk to me about it? If I see this B in front of me, I will slap him. No matter what we do, we will lie to the country." Things still can’t be done, okay?”

"I just said this because he didn't get punished for being a liar."

Ye Feng shook his head: "To be honest, it doesn't have much to do with me. What's being harvested is not my wool. Can the country tolerate it? Is there anything I can't tolerate?"

"That's right, why worry about it when you have nothing to do? It's thankless. Let's leave it to the people who should worry about it. We are just ordinary people." Chen Huang nodded with satisfaction, and Comrade Ye Feng finally understood.

Ye Feng certainly didn't take what Chen Huang said seriously.

If he were an ordinary common man, at least 98% of the people in the country would kneel and speak, just saying that when others did not offend Chen Huang, Chen Huang was a relatively low-key red boy. At the beginning of the year, a few people came from New York Back when Chen Huang got hundreds of people on the phone, this was an example of what made Chen Huang angry.

Then Ye Feng stopped caring about chip fraud.

At this point in the conversation, Ye Feng really wanted to raise funds to acquire Freescale, one of the top five semiconductor chip companies in the world. Money has a price, but technology is priceless.

Ye Feng also hopes that one day, when he stands at the top of the domestic pyramid and reaches the height of the second horse in his previous life, many people will comment that Ye Feng is different and he is different from the second horse.

He has a chip company under his name, and his company is truly technologically advanced.

Ye Feng knew that he had to be more stable, because Freescale, as the former Motorola semiconductor production department, is currently one of the top five semiconductor chip companies in the world. The price will definitely not be low, and it will not be easy to acquire it. And why? There may be reasons for selling oneself which should also be considered.

If you blindly follow the snake and swallow the elephant, you will definitely end up struggling to death.

Ye Feng calmed down and asked Yang Qingzhi: "Brother Yang, since you said that Freescale is one of the top five companies in the world, why would it sell itself? It stands to reason that since it has reached the top five in the world, it should be very profitable. .”

"Because Freescale's debt ratio is too high."

Yang Qingzhi is in a high position and knows a lot of inside information. He explained to Ye Feng: "Currently Freescale has not been able to go public. Even if it successfully goes public and uses the funds raised from the IPO to repay debts, it will still have a lot of debt." Unable to repay, the amount is about US$79 billion, which also makes Freescale the most indebted chip company in the world. With this level of debt, it is difficult for the company to find a way out, and it is also difficult to convince investors to invest in it. "

"Of course, this is not the most critical issue."

Yang Qingzhi handed Ye Feng a cigarette and then said: "You must know that chip companies are not only Freescale, but also Intel, Samsung, NEC, Philips, German Instruments, Toshiba and other companies. If there are not sufficient funds, Freescale will It is difficult for Freescale to compete with these companies. Last year, Freescale was still able to get good orders by relying on the customer base of its old employer moto. However, now that the moto market is shrinking, Freescale's orders have plummeted. Once it falls behind, it will be difficult to compete with other semiconductor companies. In the final analysis, it is a matter of funding."

Ye Feng felt cold after hearing this, and said: "There is still US$79 billion after the funds raised from the IPO are paid off. Doesn't that mean Freescale's current debt exceeds [-] billion, so how much will it cost me to acquire it?"

"The acquisition, including debt, should be around US$150 billion." Yang Qingzhi made an estimate and said.

$150 billion...

Ye Feng flinched and couldn't help but ask: "Will such a company make a profit in the short term after acquiring it? With such a high debt and interest payments, it shouldn't be possible to make a profit in the short term, right?" "Well, yes. of."

Yang Qingzhi nodded: "So this is a slightly gambling investment and M&A case. The bet is on the future popularity of the electronics industry and the prospects of Freescale."

Hearing this, Ye Feng hesitated.

Chip companies seem to be relatively high-end, but the actual problems cannot be ignored. The debt ratio is too high, but then again, if Freescale had no debt ratio, it would not have the idea of ​​​​putting itself on the shelf.

So it's a dead end.

Chen Huang remained silent. According to his inner thoughts, he definitely wanted Ye Feng to acquire Freescale, but US$150 billion was also a terrifying figure.

Equivalent to 1200 billion yuan.

And this number may still float upward.

After thinking about it, Chen Huang asked Yang Qingzhi: "If we raise more funds and acquire it together, is this plan feasible?"

"No."

Yang Qingzhi glanced at Chen Huang: "I know what you mean, but you also know that Freescale's board of directors will not agree to this acquisition, and I can only negotiate it."

Chen Huang stopped talking.

The number of US$150 billion is indeed too large.

So Chen Huang looked at Ye Feng, wanting to see how he made a decision. After spending the past few years with Ye Feng, in Chen Huang's heart, Ye Feng already had a sense of being omnipotent.

"so what have you thought of?"

Yang Qingzhi said calmly: "If you really have an idea, I can help you facilitate this merger."

Ye Feng raised his head and asked, "Do you think I should gamble?"

"It's best not to gamble."

Yang Qingzhi gave Ye Feng a completely opposite answer.

Ye Feng was stunned: "Then would you recommend it to me?"

"The recommendation is just my judgment on the trend of the electronics industry. I am optimistic that the electronics industry will be very popular in the next 10 years, but investment must be considered based on your own capital situation. If you have insufficient funds, you are not suitable for such long-term investment." .”

Having said this, Yang Qingzhi smoked a cigarette and smiled, a bit hateful: "At the same time, I also want to give you one more option. I want to see your choice and see if the figure of 150 billion US dollars can make you understand the difficulties." I didn’t expect you to seriously consider quitting. It seems that your financing channels are very stable.”

(End of this chapter)