Tao Liangchen
Chapter 816 ASML
In the week after the U.S. stock market resumed trading, Su Yehao made more than $200 million shorting crude oil futures, but other assets shrank by at least $1 billion. Overall, the losses on paper were still heavy.
The Nasdaq index further squeezed the bubble, and the index fell directly below 1,400 points. Yanwenzi Group's market value was only $8.3 billion.
You should know that in March last year, the Nasdaq index was as high as more than 5,000 points. In just over a year, it has lost more than seventy percent of its value.
What makes investors even more desperate is that, apart from a group of Internet giants with solid performance support, other small and medium-sized companies selling concepts are still falling slowly, as if they have entered a bottomless pit, and it is impossible to see where the bottom is.
After Su Yehao withdrew his speculative funds, he was too lazy to care about the market performance.
At this stage, even if it falls, it is no longer scary. For a group of high-quality assets in the Internet and technology industries, you can blindly buy them with your eyes closed.
From mid-November to Christmas.
He invested in Amazon and Apple, with holdings of 16% and 23% respectively.
And spent more than 200 million U.S. dollars to acquire an American chip packaging and testing company, and spent 45 million U.S. dollars to finance a game development studio.
In addition, Yanwenzi Group was asked to acquire Qiu Yaohao's Loveline dating software.
Su Yehao has no special feelings of liking or disliking for this son of Uncle Qiu, his father's friend.
He only felt that the other party was barely capable, but unfortunately, his luck was not good. Whether it was a BP machine or chat software, he was one step slower than others and failed to catch up with the good times.
This time, Yanwenzi Group took 80% of the shares of Loveline, and reserved some shares for Qiu Yaohao and He Shaofan's cousin, but took away the management rights of the company.
The cost of a series of major moves was that the 3 billion U.S. dollars obtained from the loan were instantly reduced to 1.6 billion U.S. dollars.
Su Yehao did not use the idle funds in his hands, and still has sufficient cash flow, so there is no need to keep the money. Most of it will be used to expand the crystal wafer foundry business.
Looking around.
In the end, he didn't get around AmsL, the lithography machine manufacturer whose sales plummeted this year and was abandoned by Philips. He secretly acquired it through several companies, and asked Goldman Sachs to help persuade the major shareholders to transfer it at a low price...
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I often hear the little girl say how enjoyable it is to feel the cold wind and watch the aurora while soaking in the hot springs in Iceland.
For Christmas in 2001, Su Yehao brought Nong Qingying to experience it.
They came to the Reykjanes Peninsula in southwestern Iceland, and the hotel is located near the famous Blue Lagoon Hot Spring.
It is currently the peak season, and the price of an executive suite is as high as 2,500 U.S. dollars a night. Fortunately, it is very comfortable to live in, and the money is well spent.
As a senior partner of Goldman Sachs Group, Cantor Willis also made a special trip this time, the reason being to talk business with Su Yehao, and to avoid work during the holidays.
After all, many Western countries have holidays for Christmas, and some countries do not, such as the mainland that Cantor Willis is optimistic about.
The mainland has just joined the WTO, and it is too difficult to achieve results in the short term. The most profitable business is still concentrated in the United States.
In order not to be kicked out by Goldman Sachs Group after being used, Cantor finally embraced Su Yehao's thick thigh, how could he easily let it go? He is mainly responsible for the recent acquisition of AsmL shares.
Su Yehao finally appeased the little girl and the others, found an opportunity to leave his son to the old man to take care of, and brought Nong Qingying out to enjoy the world of two.
Now, he is soaking in the Blue Lagoon Hot Spring with Cantor, a big man.
It was also unlucky. Nong Qingying caught a cold as soon as she got off the plane, and was resting in the hotel listlessly, which made her very angry.
At this moment.
Su Yehao was wearing swimming trunks, soaking in the steaming pool, surrounded by Linda Yun, who insisted on not taking a vacation and volunteered to come to work overtime, helping as a translator.
Going on vacation is also traveling. How can her own travel be as enjoyable as going out with Su Yehao? The round trips are all private planes, staying in the top hotels, and enjoying the most exquisite meals. Linda Yun has long wanted to see the aurora, how can she miss this trip to Iceland?
I don't know where her ancestors came from, Cantor's chest is covered with hair, it's like wearing a fur vest, he is telling:
"In 1997 and 2000, Philips sold about 20% of AsmL's shares each time, and now it only holds about 2.8%, and has agreed to sell it to us. This year, AsmL's sales have plummeted by about 45%, and there have been large-scale layoffs before Christmas. As far as I know, they originally wanted to enter Intel's supply chain, but Intel's performance also declined, and the plan to expand the factory was cancelled, resulting in AsmL losing hundreds of millions of dollars in orders."
Su Yehao only hastily confirmed the plan to invest in AsmL shares a week before Christmas.
The main reason is that the research and development has not made any progress. The technical staff from Canon have begun to ignore the project of developing a new lithography machine. After changing the person in charge, they are particularly perfunctory.
Although the research and development funds are borne by Su Yehao, many technicians are from Canon, and they also bear certain expenses. In addition, the research and development process involves many of Canon's lithography machine core secrets. With the Japanese character of valuing technology more than their lives, the Lin Baojian project team's plan has been seriously dragged down.
Frankly speaking, Su Yehao underestimated the difficulty of this technology research and development. He did not have the ability to concentrate the world's top institutions and universities, which led to the bumpy research and development process, and he is still at a loss now.
Not only is Canon suspecting whether it is on the right path, even Su Yehao himself is suspecting whether he can develop this new technology. He has invested so much money in it, but he has not even figured out the theory.
What is even more critical is that people from the U.S. have already followed the same research and development direction as Su Yehao's project according to the papers published by Lin Baojian, forcing him to make arrangements in advance to avoid putting all the chips on Lin Baojian's team.
Now that he has acquired more shares of AsmL, if history repeats itself, he can at least rely on the status of a major shareholder to allow the crystal wafer foundry to buy enough lithography machines, and by the way, he can also choke TSMC, so that the other party can also feel what it means to be difficult and what it means to have treacherous hearts.
Su Yehao said to Cantor: "In just a few trading days, you have helped me buy more than 10% of AsmL's shares. Are there any other companies making any moves?"
Cantor shook his head and said:
"If we weren't worried about pushing up its stock price, we could actually buy more. Apart from a semiconductor company owner like you who invests in foundry business, who would care about a company like AsmL? It is dealing with Nikon's lawsuit, and the risk of losing the lawsuit is relatively high. Some technologies infringe on Nikon's patents. The market value is only a few billion U.S. dollars. It mainly relies on official subsidies. Philips chose to sell it because it couldn't afford it..."