The Magician’s Memorial - Chapter 132



Only Krnovel

Episode 132 Big crash (1)

November 21st.

Taewo Group officially announced the acquisition of Hyunjae Semiconductor.

I personally shook hands with the creditors, signed the documents, and moved to Captain Kang’s office.

“Congratulations on acquiring Hyunjae Semiconductor.”

“I don’t know if it’s something to celebrate. “It’s like being hit with a huge bomb.”

“If a bomb is used well, it becomes a nuclear power plant. If it is used incorrectly, doesn’t it become a nuclear bomb? “I’m sure you’ll be very good at handling bombs.”

Dimon gave an uncharacteristic flattery.

If he reacts like this, it means there was a serious reaction from the media.

“Did the media call me crazy?”

“I didn’t use such crude words, but reports with similar nuances are pouring in.”

It was a natural reaction.

If Hyunjae Semiconductor had been acquired and good news had come out, the creditors would not have handed over Hyunjae Semiconductor at this price.

“That kind of reaction will continue for a while. “As time passes, harsher words may come out.”

“There is already talk of a successor risk. “I think it came from the fact that the CEO actively pursued the acquisition of Hyunjae Semiconductor.”

“Taewoo Group’s stock price must have been very upset.”

“Stock prices are falling rapidly in real time. In particular, the stock prices of Taewoo Electronics and Taewoo Communications are difficult to defend.”

Why are you on defense?

This is the situation I wanted.

“Please throw away the Taewoong Group stocks held by SAVE Investment Company. “Wouldn’t that make stock prices fall faster?”

“It could have a big impact on the entire Korean stock market. If done incorrectly, a circuit breaker may be activated.”

Circuit breaker is a word derived from circuit breaker.

In the stock market, it was used to temporarily stop the stock market to prevent overheating in order to prevent a sudden crash.

In Korea, it was introduced after the foreign exchange crisis.

One turn has already been triggered.

Isn’t it difficult once to be easy, twice to be easy?

If the SAVE investment company started dumping stocks, there was a very high possibility that a circuit breaker would be triggered.

Wall Street investment companies will also throw in at the same time.

Because it was Wall Street that was sensitively observing the movements of SAVE investment companies.

“It would be a perfect place to start the inheritance process.”

“… … All right. “Then, starting today, we will move SAVE Investment Company.”

“Please do so. “And where is David now?”

“I went to the sauna for a while.”

What kind of sauna do Americans like so much?

David enjoyed sweating in the sauna, perhaps because he was locked in a drinking bin every day.

“Are you looking for me? boss!”

“It’s a very nice color.”

It was David who came into the office, sipping on banana milk.

Because I had sweated so much, my skin was pink instead of pale.

“I came sober up. They said they were bank presidents, so I looked at them with ease, but their drinking capacity was enormous. And I don’t know why Koreans like bomb liquor so much. “I didn’t know that even bank presidents would drink alcohol.”

“Boktanju is no different from Korea’s traditional liquor. So, I guess I should try some Taiwanese alcohol this time.”

“In Taiwan, Kaoliang liquor is famous. “Who can I drink Kaoliang wine with?”

David receives one of the highest salaries at SAVE Investment Company.

Adding in the bonuses, David was an expensive person who received hundreds of millions of won a day.

There was something important in Taiwan that was important enough to send such a person.

“I need to bring in some talented people.”

“When it comes to recruiting talent, I also specialize in it. “Just give me the list and I will bring them all to Korea.”

“In particular, there is a person named Wei who graduated from Yale University. “Be sure to bring that person with you.”

There was a company in Taiwan called TSMC.

Before its regression, it made a name for itself as the No. 1 semiconductor foundry company.

However, since it was still before the company entered the foundry business in earnest, it was possible to recruit talented people from that company as long as they spoke well.

“If you are from Yale University, you will communicate well. “Please just leave it to me.”

“I’ll give you a generous bonus this time too, so please do me a favor.”

“Please. “If it’s an order from the boss, shouldn’t you follow it?”

David finished the banana milk in one go and started moving.

I left the talent recruitment to him, so now all I had to do was make good use of the existing personnel at Hyunjae Semiconductor.

***

It’s been a week since Hyunjae Semiconductor changed its name to Taewoo Semiconductor.

Meanwhile, I stayed up all night checking the current semiconductor employee list and checking their abilities.

There were more talented people than I thought.

As a company with a loss of 2 trillion won, I thought there would be many employees with low skills, but in terms of ability, it was not lacking compared to Taewoo Electronics.

Still, that doesn’t mean there aren’t people who have problems.

In particular, all executives with low abilities were added to the list of killing squads.

Conversely, people who were not at the executive level but were capable were added to the promotion list.

In particular, Managing Director Yoo Seok-jae’s abilities were outstanding.

He was leading the development of semiconductor technology and possessed S-level development capabilities.

How can you leave someone like this alone?

I called him into the vice president’s office, and I also called Taewoo Electronics President Woo Seong-il and Taewoong Communications President Lee Joo-young.

“Nice to meet you. “You were very surprised when I suddenly contacted you, right?”

“Oh, no. “It is truly an honor to meet you, Vice President.”

Managing Director Yoo Seok-jae looked very nervous.

I, the vice president, was in the center, and the president of Taewoo Electronics and the president of Taewoo Telecommunications were standing on either side, so of course I would be nervous.

“It used to be said that current semiconductor technology is the best in the world. But these days, they say they are losing out to Samjin Semiconductor and Japanese semiconductor companies.”

“If you look at the accumulated technology, we will never fall behind. In certain fields, our current… , Taewoo Semiconductor is ahead.”

“I still can’t get the word Taewoo Semiconductor out of my mouth.”

“sorry. “I was so nervous that my words came out in vain.”

I smiled and made him relax.

“it’s okay. Rather, I would like to ask you just one question. “I would like to sign a foundry contract for the semiconductors used in mobile phones. Is this possible?”

“Of course it is possible. To be honest, it would be a waste to simply use Taewoon Semiconductor’s technological capabilities in a foundry.”

“Is that really true? “This is the type of semiconductor we will need to produce in the future.”

I took out some blueprints and some related materials.

I don’t know the details because I don’t have any expertise in semiconductors, but it came with a semiconductor blueprint designed by Apple itself.

Of course, the design was not original.

Important technologies were painted black, making them more difficult to read.

However, because Managing Director Yoo Seok-jae had worked in the semiconductor industry for a long time, he immediately recognized the complexity of the blueprint.

“Are these really the semiconductors used in mobile phones?”

“That’s right. “Is it possible to produce it?”

“It is possible, but yield is an issue. “With a design this complex, the yield rate is unlikely to be even 50%.”

“Then that means it’s possible.”

Yield was the opposite of defect rate.

A 50% yield also meant that 50% of the products were defective.

“It is possible, but the more we produce, the more we are bound to see a loss.”

“Wouldn’t the yield improve as we produce?”

“Yields improve as workers get used to it, but it takes a long time to stabilize.”

“We need to produce about 6 million units a year. “Before that, the yield will stabilize.”

“Are you talking about 6 million? Considering the yield, it is difficult to meet the schedule with the equipment we currently have.”

Who would invest in a company with a loss of 2 trillion won?

Therefore, the current semiconductor facilities were not being upgraded, and broken machines were being repaired and used on their own.

“Buy as much new equipment as you want. “It is okay to replace all existing old equipment with new models at this time.”

“The price of each piece of equipment is over 140 billion won. “To meet the delivery schedule, an investment of at least 1 trillion won is needed.”

“Can you do it with 1 trillion won? “We are planning to invest more than 10 trillion won this year.”

“Are you talking about 10 trillion won?!”

It was Executive Director Yoo Seok-jae who couldn’t keep his mouth shut.

In the current semiconductor era, they must have tightened their belts to reduce deficits.

But how surprised would you be when you meet a company that invests 10 trillion won a year?

“Of course, the 10 trillion won includes construction costs for the new factory, so the actual amount invested will be between 3 and 5 trillion won.”

“Wouldn’t that be too much?”

“Director Yoo Seok-jae, don’t think about anything else. All you have to do is be determined to meet the delivery schedule unconditionally. If the yield is only 50%, just double the amount of ingredients. “I promise you that you will not be punished for producing a lot of defective products.”

As there was input, there was bound to be output.

Of course, in the case of the semiconductor industry, the time is very long, but the time could be shortened by drastically increasing the input.

“It is quite possible, but we are a bit short on personnel. Due to the nature of the semiconductor industry, it takes a long time to train specialized personnel.”

“If that’s your problem, don’t worry. “We sent people all over the world to scout for professionals.”

“I really had no idea there would be this much support. “We will show you the results as we receive support.”

There was a solemn look on Executive Director Yoo Seok-jae’s face.

If he had seemed like a nervous new employee when he first entered the vice president’s office, he was now showing the spirit of a veteran.

***

In order to save Taewo Semiconductor, raising money was essential.

Taewo Group had enough financial power to make a living, but even so, it had to save as much money as possible.

To do that, I looked for my grandfather.

He got down to the car and set it down in front of the grandfather, fawning over him.

“Taewoo Group finally has a proper semiconductor company. “Are you feeling good?”

“What good is good? “By taking over a company full of losses, you’re only going to have more gray hair.”

“So, what do you mean? “Don’t we need help from the government to reduce the deficit even a little?”

“With the government’s help, didn’t the creditors cancel 65% of the debt?”

There was no one who did not know that semiconductors were the rice of industry.

Therefore, the government also made a lot of efforts to revive the current semiconductor industry.

But it didn’t seem like enough effort to me.

“What if we ask for tax breaks? “Wouldn’t the burden be greatly reduced if we could receive tax reductions at least until we turn a profit?”

“The government may want to do it, but won’t there be problems with equity? “If only we benefit, will Samjin Electronics stand still?”

“Wouldn’t Samjin Electronics also benefit? “We had a deficit of less than 1 trillion won at most, so there are more benefits for us.”

My grandfather was tapping the calculator in his head.

Then he smiled and drank the tea in one gulp.

“I guess I should go into the Blue House. “If you threaten to refuse to acquire Current Semiconductor, wouldn’t you be able to get some tax relief?”

As expected, my grandfather was perfect for this kind of work.

When dealing with the government, there was no one more reliable than my grandfather.

I massaged my shoulders diligently for my grandfather who did the dirty work for me.