4 trillion yen is equivalent to about 30.8 billion US dollars when converted into US dollars, and it is a full acquisition of Toshiba Semiconductor. In Li Yuanbin's opinion, the price given by Kering Group is high enough.
"Of course, first of all, so far, apart from our Kering Group, the only other company to follow up with an offer is Foxconn Group's 3 trillion yen, also seeking a full acquisition. Compared to them, our offer is higher."
Li Yuanbin picked up the teacup from the table, slowly brought it to his lips, and drank it all in one gulp. Then he said calmly to Tsunakawa Chi, "Second, I don't believe you don't understand the three difficulties in selling Toshiba Semiconductor. Whether this acquisition will be successful or not is another matter. The price of 4 trillion yen is just right. After signing the agreement, we at Kering can help you solve these three problems and achieve our goal of saving your company!"
If Toshiba's board of directors decides to sell Toshiba Memory now, it still has three hurdles to overcome: the litigation dispute with its partner Western Digital, antitrust law review in major countries, and the next move of one of the bidders, Hon Hai Group.
Why do we need to single out Hon Hai Group for discussion here?
This is because Foxconn originally planned to set up a memory factory in the United States after winning the bid for Toshiba Memory. Since the United States' self-sufficient supply of solid-state drives (SSDs) can only meet 14% of the needs of the American market, Foxconn Group envisioned setting up a factory in the United States to supply memory, which has great development space.
Previously, when Hon Hai Group made an offer for Toshiba Memory, some Japanese media questioned the outflow of technology and the source of funds. Now Hon Hai can also raise similar questions. It is worth observing what impact the sale of Toshiba's memory business will have on its development.
Even the shrewd Lee Won-bin could not have imagined that Hon Hai Group would join forces with the United States to obstruct the sale of eucalyptus.
In addition, the litigation dispute with its partner Western Digital is also a problem.
Western Digital and Toshiba already have a partnership, jointly operating a factory in Yokkaichi, Mie Prefecture. Under this partnership, Western Digital claims exclusive negotiating rights regarding the sale of Toshiba Memory. Western Digital is concerned that if a third party acquires Toshiba's semiconductor business, it would impact the operations of the joint factory.
Therefore, no matter who Toshiba Group sells Toshiba Memory to, Western Digital will most likely continue to deal with Toshiba Group through litigation disputes in order to slow down the pace.
Finally, this agreement still needs to undergo strict antitrust law review in major market countries.
If the major memory manufacturers in the Peninsula also want to participate in this agreement through other means, here we specifically refer to SK Hynix.
Since SK Hynix and Toshiba are both major memory manufacturers, this may arouse suspicion from Western Digital or other Japanese companies, and the antitrust review procedures in major markets may also be complicated.
Regarding these three issues, except for the lawsuit with Western Digital which may be a bit troublesome, Li Yuanbin believes that the other two are not problems at all!
Not to mention how much Hon Hai Group will lose if its plan to set up a factory in the United States to supply memory fails, but once Kering Group acquires Toshiba memory, it can still build a factory in the United States, and on a larger scale.
Another reason is the fear that major storage manufacturers on the Korean Peninsula will intervene, with SK Hynix being the main player.
But then again, the semiconductor overlord of the peninsula is Samsung!
And who is Lee Won-bin? He is the sole heir of Samsung's fourth generation. If he doesn't make use of such resources, then he is a fool! Using Samsung to contain SK is perfect.
After Li Yuanbin finished speaking, the Toshiba Group conference room fell into a temporary silence.
Faced with Li Yuanbin's questioning, Tomoya Tsunakawa, the current chairman of Toshiba Group, was speechless for a moment. He could only sit in the chair blankly, lost in thought.
a long time.
Tsunakawa Chicai slowly raised his head, his eyes bloodshot, and said to Li Yuanbin in a hoarse voice: "We still need to discuss the relevant matters internally before making a decision. I hope President Li can wait patiently..."
After saying this, Tsunakawa Tomo seemed to have exhausted all his strength, leaning back in his chair for a long time without recovering.
Li Yuanbin also understood that the acquisition of Toshiba Semiconductor would not be completed quickly and would require several discussions and several rounds of quotations before a decision could be made.
After figuring it all out, Li Yuanbin slowly put down the teacup in his hand, nodded gently to Tsunakawa Tomo, then stood up from the chair and extended his hand to Tsunakawa Tomo.
"That's all for today. Both parties need to go back and discuss the relevant matters. We'll make an appointment next time. I hope we can get a result that satisfies both of us next time!"
Tsunakawa Chi let out a long sigh, slowly stood up with the help of the table, reached out and shook Li Yuanbin's hand, then forced a smile and nodded gently: "I also hope that we can have a result that satisfies both parties next time!"
The two people stood there smiling at each other, but no one knew how much of the smile was real and how much was fake.
On the other side, Park Seol-yoon saw the expressions of the two people, but there was no change on her face, and she still had a cold expression.
Li Yuanbin and Li Yuanbin stood there and exchanged a few more pleasantries, said some polite words, and then prepared to leave.
"President Tsunakawa, please don't send me off. I think you may have more important things to do later!"
At the door of the conference room, Li Yuanbin turned around and looked at Tsunakawa Tomo beside him and said with a smile.
today.
Since Lee Won-bin can come to Toshiba Group to discuss the sale of Toshiba memory, naturally people from Hon Hai Group can also come, or maybe some other company that is also interested in Toshiba memory.
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