I have a debt of 3 trillion, and my creditors are begging me not to die.

Chapter 147: Advancing step by step, forcing them to have no way out
"We are very happy to share a good news with you. Under the leadership of Mr. Yang Chen, Sihai Electronics has mastered the memory stick technology and can now produce a full range of memory sticks, including memory sticks for desktops, notebooks, mobile phones, flash memory devices, etc. From now on, Longguo has domestically produced memory sticks with full intellectual property rights. Our memory sticks have been tested by the Longguo Semiconductor Association and the entire industry's technical staff, proving that the performance is stable, faster, and smoother. The price of our products will be very low. For example, the DDR598 4-2133G model memory stick, which is supplied by Sanxing and SK Hynix at 8 yuan per stick, our shipping price is only 99 yuan. All enterprises and individuals in Longguo who need it are welcome to contact us. Let us work together to provide Longguo consumers with better and cheaper memory sticks."

Sihai Electronics’ announcement quickly became a hot topic. This is a major event for China’s semiconductor industry, and can even be called a milestone event.

Netizens rushed to leave comments.

"I was wondering why Boss Yang didn't respond. It turns out he was holding back a big move. This is absolutely great news. The foreigners want to strangle us in the semiconductor industry, but their wishes will gradually fall through."

"Boss Yang's trick of suppressing before promoting is really brilliant. The Sanxing brands have become clowns now, and they have even teamed up to raise prices in the Longguo market. Now we can legitimately stop using their products. They can no longer accuse us of destroying the existing economic order, right? Since we can't afford expensive imported goods, we use cheap domestic products. Isn't this reasonable?"

"Boss Yang has his own plan for every move. He shorted the Le Tian Group, lured Sam Hing and other chaebols to follow suit, and then released domestic memory sticks. Sam Hing Electronics and SK Hynix's performance suffered a heavy blow, and their stock prices will continue to plummet. Wow, one thing leads to another, it's really ingenious. You all said that Boss Yang only knows how to play with virtual finance, now I give you some technology to play with, you have nothing to say, right?"

"Boss Yang is too omnipotent. Could he really be the protagonist in the novel, possessing a system?"

……

The companies that had been waiting for a long time also quickly forwarded Sihai Electronics' announcement and announced that they would purchase Sihai Electronics' memory sticks and abandon foreign brands of memory sticks.

"Longwei Group immediately terminated its cooperation with SK Hynix and other brands, and will use Sihai memory sticks for computers, mobile phones and other products from now on."

"ComputerChina immediately terminated its cooperation with Sanxing and SK Hynix and will use Sihai memory modules for its computers and other products starting today."

"Honor Group will immediately terminate its cooperation with Sanxing and other brands, and will use Sihai memory sticks for mobile phones and other products from now on."

"The Rice Group will use Sihai memory sticks for some models of mobile phones and other products."

"Vivo will use Sihai memory modules for some of its mobile phone models."

……

Brands in China have successively expressed their intention to adopt Sihai memory sticks. Longwei and Honor have directly stopped purchasing memory sticks from foreign brands such as Sanxing and fully embraced Sihai memory sticks. Mobile phone brands such as Xiaomi are more cautious. On the one hand, they have to take into account the emotions of domestic netizens and the official face, and on the other hand, they do not want to offend foreign suppliers.

However, there is one brand that has not made any statement, and that is Fantasy, the largest computer brand in China.

If other small brands don’t make any statement, netizens won’t care.

However, netizens are not happy that the largest PC manufacturer in Dragon Country has not made a statement.

In addition, considering that Fantasy had done something similar to what happened to the dragon before, netizens naturally would not let it go.

As a result, many netizens have left messages in the comment section of Fantasy Computer’s official Weibo and other accounts asking it to express its position.

Unable to bear the questioning from netizens, Fantasy Computer subsequently posted a Weibo to explain the situation.

"Fantasy is not a Chinese company, but an international company. Our customers are global consumers, not just Chinese consumers. We need to maintain the good cooperative relations of Fantasy Group around the world and cannot favor one over the other. Fantasy Computer has signed long-term and stable cooperation agreements with various suppliers, so we will not change suppliers easily. But we still wish Sihai Electronics to make domestic memory sticks. We will continue to work hard in our respective areas of expertise and contribute to the economic development of Longguo together."

As expected, they still use the same old stuff, emphasizing that Fantasy is an international company, not just a Dragon Country company, and any of their actions must consider the international impact. This was the explanation when they were attacked by Long Wei, and this is still the explanation now that they don't need Sihai's memory sticks.

It is easy to imagine how netizens would comment on this statement. Fantasy Computer’s Weibo was so scolded by netizens that the comments were closed.

However, this is not the first time they have encountered this kind of public opinion crisis that has been condemned by the entire network. They just need to keep their heads down and wait for a while.

Longguo Company sent notices of termination of cooperation to Samsung, SK Hynix, and Microlight successively, which broke the defenses of these companies.

After listening to the report from Samxing Electronics President Zheng Jinrong, Samxing Chairman Li Jae-yong was so angry that he picked up the ashtray and threw it on the floor on the spot.

"Isn't he a financial investor? Why is he also involved in technology? How did he master such a difficult industry as semiconductors?" Li Jae-yong said in confusion.

Zheng Jinrong's heart beat faster, fearing that the president would scold him.

However, since the president had asked the question, he couldn't remain silent, so he quickly said, "Maybe he bought the technology from another company."

Li Jae-long immediately scolded: "You are really stupid! If it is the result of research by a company in Longguo, how could they sell it to Yang Chen? If it is the technology of a foreign company, it is even more impossible to sell it to Yang Chen."

Zheng Jinrong knew that whatever he said now would be wrong, so he simply lowered his head and said nothing.

At this time, SK Group Chairman Choi Tae-sung called Lee Jae-yong.

"Chairman Li, what should we do now? Our customers in Longguo have sent us letters of termination of contract, and we are almost losing the Longguo market," said Choi Tae-sung.

Li Zailong sighed and said, "Who would have thought that he could really develop memory stick technology? There is no other way. We can only lower the price to compete with him. He sells it for 99, so we also sell it for 99."

Cui Taicheng immediately said, "He can make money by selling it for 99, but we will lose money by selling it for 99. I just got a price list of memory sticks from Sihai Electronics, and they only sell 16G for 188. How can we play it? We will lose money if we sell it at this price."

Li Zailong said angrily: "It's so abominable! He deliberately sells it so cheaply. He certainly doesn't make any money, and he doesn't let us make any money either. It's really too bad. It seems that we can only instigate Bald Eagle and the European Union to conduct a low-price dumping investigation on the memory sticks produced by Sihai Electronics."

Cui Taicheng asked: "How can we conduct a dumping investigation if they don't sell it to foreign countries?"

Li Zailong immediately said, "I don't care about that. Let Micron and the other companies find a solution. Anyway, we can't let Sihai's memory sticks be sold at such a low price."

Said Cao Cao, Cao Cao.

A call came from Micron Technology Chairman Hawes.

Li Jae-yong hung up the phone with Choi Tae-sung and answered the call with Hawes.

"Fuck! It's all your bad idea. Why did you double the price in the Longguo market? Now, they have a legitimate reason to cancel our cooperation, and they have also allowed the Longguo domestic memory sticks produced by Sihai Electronics to be successfully listed on the market." Hawes said rudely.

Even though Lee Jae-yong can call the shots in South Korea, the CEO of the giant company in the Bald Eagle family will not give him face.

Bald Eagle allowed that Lee Jae-ryong was the chairman of Samheung.

If the bald eagle doesn't allow it, Li Jae-yong will have to leave.

After all, South Korea was built on the military base of the Bald Eagle family, and the president has to be treated as someone else's grandson, not to mention the chairman of a chaebol group.

Li Jae-long was very upset, but he didn't dare to argue with Hawes.

"Don't worry, Mr. Hawes. This is not an unsolvable problem. You can let Bald Eagle ask Sihai Electronics to stop damaging the interests of other companies. They must raise the price to the same level as ours. If Sihai Electronics does not do so, then sanctions will be imposed on Sihai Electronics, and no products of Sihai Electronics will be allowed to enter the international market. If you were Yang Chen, would you give in?" Li Jaelong said.

Hawes smiled and said, "You're really bad, but I like it! Tomorrow I'll go to the Ministry of Commerce and ask them to demand that Sihai Electronics' product prices must be the same as ours."

After hanging up the phone, Li Jae-yong angrily cursed Hoyes's ancestors to vent his dissatisfaction.

At this time, the Soleil Exchange opened. As expected, the share prices of Samsung Electronics and SK Telecom collapsed, falling 5 points at the opening.

Li Zailong smiled very confidently and said, "It's just a small matter, it's impossible for the stock price to drop too much. Pass my order to repurchase and cancel the shares of Sanxing Electronics, at least 1000 million shares."

On the other hand, SK Group has no repurchase and cancellation plan, but Chairman Choi Tae-sung still ordered an increase in holdings, and he also personally increased his holdings.

But the strange thing is that the more they buy, the more stocks they sell. Some bald eagle institutions have begun to sell their stocks. If this continues, once the major shareholders hold more than 90% of the shares, the company will be forced to delist.

Cui Taicheng panicked and quickly called Li Jaeyong again.

"No, we can't buy it all. We simply can't buy all the shares. No matter how much we buy, institutions and retail investors will sell it. We, the persons acting in concert, now hold 75% of SK's shares. If we increase our holdings further, it will exceed 90% and the company will not meet the listing requirements. If we lose all the shares and the company is delisted, we will suffer a huge loss," Choi Tae-sung said nervously.

Li Zailong was also a little nervous and said, "The shares of Samsung Electronics held by our concerted action parties have exceeded 66%, and we can no longer repurchase and cancel them. But if we can't repurchase and cancel them, we can only increase our holdings, which will still increase our shareholding ratio. Oh, this is a bit troublesome."

The Korean Securities Law stipulates that the proportion of shares held by major shareholders and their affiliates shall not exceed 90%. Otherwise, the company's equity structure does not meet the listing requirements and the company's shares will be forced to delist.

Samxing Group's stock repurchase and cancellation operation of Samxing Electronics will reduce the total share capital. The total number of shares held by Lee Jae-yong's family will remain unchanged, but the total share capital will decrease, and the proportion of equity they hold will increase.

SK Group's stock purchase will directly increase its equity ratio.

Therefore, no matter whether it is increasing holdings or repurchasing and canceling shares, as long as retail investors and institutions cannot be prevented from selling stocks, the final result will be delisting, or in order to avoid delisting, they will have to give up continuing to increase holdings and repurchase, and can only watch the stock price fall.

In order to prevent retail investors and institutions from selling stocks, both Samsung and SK issued announcements encouraging retail investors and institutions to have confidence in the company, saying that even without Longguo's memory stick market, it would not have much impact on the company.

However, under the influence of the system, any announcements issued by Samsung and SK are futile, and retail investors and institutions continue to sell stocks, continuously pushing down the stock price.

Lee Jae-yong and Choi Tae-sung had no choice but to watch the stock price fall.

The shareholders couldn't stand it anymore, and the Korean government couldn't stand it either, and they demanded that Samsung and SK reach a settlement with Yang Chen, hoping that Yang Chen could immediately stop shorting Samsung and SK.

As the head of the largest chaebol in South Korea, Li Jae-ryong naturally refused to give in easily. He now placed his hopes on the Bald Eagle family, hoping that the Bald Eagle could force Yang Chen to surrender.

If you can't win, just cheat. This is a common trick used by foreigners.

For example, when they proposed carbon neutrality, Longguo worked hard to save energy and reduce emissions, but when the foreigners saw that they couldn't do it anymore, they announced that they would stop.

For example, foreigners talk about developing new energy vehicles. Now the new energy vehicles produced in Long China are cheap and easy to use. Seeing that they can't compete with them, foreigners raise tariffs and impose restrictions.

If inflation is severe in various countries and their own products cannot compete with those produced in China because of their high prices, then these countries will conduct anti-subsidy investigations, anti-dumping investigations, etc.

Therefore, it is understandable that Li Jae-long thought of asking the Bald Eagle family to ask Yang Chen to raise the price of the Four Seas memory sticks.

The Bald Eagle family has never been reasonable. As long as it is beneficial to them, they can do anything.

Just now, the Bald Eagle Ministry of Commerce pointed out that Sihai Electronics' behavior of selling memory sticks at low prices has seriously disrupted the market order and damaged the interests of other companies, so they asked Sihai Electronics to raise the price of memory sticks to the same level as other brands, otherwise Sihai Electronics' memory sticks will not be allowed to leave the Dragon Country, or the tariffs on Sihai memory sticks will be increased by 500%.

After Yang Chen received the news, he immediately ordered Sihai Electronics to issue an announcement according to his wishes.

"Although the price of Sihai Electronics' memory sticks is very low, it still guarantees a profit margin of about 20%, and the company is very satisfied with this profit margin. Please treat your own people better and let them use cheap and easy-to-use memory sticks. Sihai Electronics will not raise the price of its products. If countries like Bald Eagle do not allow their people to use cheap and easy-to-use memory sticks, we can only supply domestic customers. Sihai Electronics produces memory sticks not to make a lot of money, but just to make Longguo have one less bottleneck area. Therefore, some threats cannot threaten us at all. Finally, let us ask the Bald Eagle government to treat its own people better and stop letting them use expensive electronic products."

Sihai Electronics’ announcement attracted comments from netizens who were watching the fun.

"Haha... that's Tian Gang's turn! Now it's our turn to help the Bald Eagle people appeal to Bald Eagle to be nicer to its own people."

"Hahaha... I don't want 11 aircraft carriers, I just want the dignity of the common people. This smell is so pure! The big germs and licking dogs, hurry up and help the master to whitewash himself."

"I am dying of laughter. Please be nicer to your own people, hahaha... Why can't Bald Eagle use cheap and good memory sticks? Why does it have to raise the price of memory sticks in Sihai?"

"Didn't Big Breed always use the high prices of Santana and Alpha in China to make a fuss? Now explain to me why Bald Eagle doesn't allow Sihai memory sticks to be sold at a low price, but insists on raising the price to the same level as the products of Micron and other brands. Otherwise, they won't sell it, or impose a 500% tariff?"

……

Increasing tariffs is an administrative measure used by all countries to target foreign low-priced products or products in which foreign countries have an advantage. The purpose is to protect the development of similar industries in the country.

For example, take the car as an example.

If Santana sells for 5 yuan per car, who would buy a BYD that sells for 5 yuan per car?

If no one buys a BYD that costs 5 yuan, how can BYD and other domestic cars have a chance to develop?

In the past, everyone believed in the so-called international division of labor. Since the ban on chips and other semiconductor industries, everyone understands one thing: screw the international division of labor. If you don’t have something, you may be strangled by others at any time. You have to develop your own industry no matter what.

Therefore, under the means of trade protection, domestic cars finally ushered in their highlight moment.

Now Europe has begun to require Longguo to build new energy vehicle factories in Europe and share new energy vehicle technology. This is the strategy that Longguo used in the past to exchange market for technology and employment, but now the roles of both parties have been reversed.

The Bald Eagle family has been clamoring for increasing tariffs every day, and the reasons are basically the same. Dragon Country's industrial products are cheap and easy to use, while the Bald Eagle's own products are expensive and not easy to use. They can only protect their own industries by increasing tariffs, while trying to force the industry to return.

Now people all over the world know that industry is the strong foundation of a country, and the only country in the world with a complete industrial chain is Dragon Country.

Therefore, other countries are trying every possible means to bring industries back.

But the opportunity has been missed, and it is impossible for them to make their country's manufacturing industry flourish again.

Just like Yang Chen’s current mentality, let’s just slowly waste time and see who can’t hold on first.

After seeing the announcement from Sihai Electronics, the people related to the Bald Eagle family were furious, but they could do nothing about it. Sihai would not sell memory sticks to foreign countries, so what could they do?
Micron Technology's stock price plummeted by 15 points, dragging down semiconductor giants such as Qualcomm and Nvidia. Driven by the semiconductor industry, trading markets such as the Bald Eagle and Nasdaq all fell by more than 2 points.

This really pissed off Wall Street, as well as shareholders and executives of major tech companies.

Oh my god, Yang Chen is fighting with Sanxing and SK, why should he cause them to lose money?

They all knew Yang Chen's methods. Wall Street had suffered losses several times, and they didn't want to suffer losses again.

I can't bear it!
As a result, the bosses of Wall Street investment banks, and CEOs of semiconductor giants such as Nvidia and Qualcomm, all called Samsung Chairman Lee Jae-yong and SK Chairman Choi Tae-sung, demanding that they immediately end their fight with Yang Chen, otherwise Samsung and SK would face the most severe sanctions in history.

Faced with threats from Eagle Dad, Koreans have always had no choice but to obey.

Li Zailong and Cui Taicheng had no choice but to give up supporting Le Tian Group, and immediately contacted Yang Chen to request a settlement...

(End of this chapter)