The rebirth of the Hong Kong Island chaebol, starting with a short-selling Eagle Sauce
Chapter 80 Acquiring the King of Lithography Machines and Reversely Blocking Eagle Sauce
Smit's head was buzzing.
He never expected that his right-hand man, who had been working with him for three years, would mention his resignation.
"Biles, aren't you willing to wait another two years? Believe me, in less than two years, Asmai will shock the whole world."
I have to admit that Smit is a very charismatic leader.
At that moment, Byers really had the urge to agree to wait.
"No, sir, I'm sorry, I really have to leave. I'm pretty sure that as long as Philips holds ASML for one day, I will always get the treatment I deserve."
This sentence touched Smit so much that he even thought about changing his employer.
"Well, Asmai is sorry for you. I hope to see you again in this industry in the future."
Perhaps out of selfish motives, Smit did not even sign a supplementary non-compete agreement with Byers when he resigned.
Byers, who walked out of ASML with the cardboard box, breathed a heavy sigh of relief.
Within an hour of his departure, Smit began to regret it, as several more resignation letters were added to his desk.
Not only members of Byers' team, but even members of the other two project teams.
Smit, who felt something was wrong, called in legal affairs and human resources and asked those who wanted to leave to sign a non-competition agreement.
But this did not stop the enthusiasm of employees to leave. Some unhappy employees even sarcastically said to him:
"President, given Asmer's current situation, can he still pay out such a large amount of non-compete compensation?"
When signing a non-competition agreement, compensation corresponding to salary must be paid within the limited number of years.
For important positions, excessive compensation must be paid.
If the compensation is not paid, or even one point is paid less, the non-compete agreement will be a piece of waste paper.
The employee hit a nerve with Smit.
ASML is on the verge of bankruptcy. If it recruits additional people, even the compensation for non-competing employees will not be paid normally!
Asmai has entered an endless loop.
Recruiting employees requires more money, and R&D cannot continue without recruiting employees.
If it cannot develop new products, the company will have no money.
Just when Smit was feeling tormented every second, he even thought about running away.
Cayman Capital sent a letter:
"Mr. Smit, we are interested in investing in your company and hope we can make an appointment for an interview."
Smit almost jumped with excitement. He was still a little worried about whether he should avoid Philips and talk to Cayman Capital.
He became furious when he thought of Philips's disregard for Asmer and his attitude of letting him fend for himself.
He bought a plane ticket overnight and came to the headquarters of Cayman Capital in the beautiful country.
As Cayman Capital bought a towering building on Wall Street, Smit gained a more objective understanding of the potential major shareholder.
Robert was puzzled by Smit's initiative.
This guy seemed eager to sell Asmer at a low price, which made Robert a little confused.
Fortunately, his assistant reminded him in a low voice that Asmai's latest situation was very worrying.
He couldn't help but be surprised. Could it be that there were still companies eyeing the lithograph track, just in the form of poaching?
The negotiations went very smoothly, and Smit agreed to Rupert.
Philips and ASM will be persuaded to sell all their shares for US$2000 million each.
Let Cayman Capital become the sole shareholder of ASML.
"Smit, you can rest assured that as long as this share transaction is completed, Cayman will invest at least US$3000 million in research and development every year until ASML's new products are launched."
When Philips executives learned that someone wanted to buy ASML, they almost cried with joy, because finally a big group was going to take over this broken company that was constantly burning money.
Given ASML's dire current situation, even if it continues to pour money into it, it's still unclear whether it will be profitable in the future.
It is better to resell it while it still has use value and stop losses in time.
So their business representative rushed to Wall Street non-stop, fearing that he would be late and Robert would regret it.
On the other hand, Sam is also very happy to sell the shares to Cayman Capital.
When ASML was established, they invested a huge amount of 210 million U.S. dollars. Several years later, they continued to pour money into it, but ASML showed no signs of profit.
Now someone is willing to help them stop their losses, and of course they are more than happy to do so.
He also sent people to Wall Street non-stop to sign an equity transfer agreement.
Wang Lei, who was on his way to Kyoto, was stunned for a moment when he heard the news.
Asml, the famous king of lithography machines in later generations, was so easily defeated by him?
As long as he knows how explosive this little broken factory will be in the future.
Occupying 85% of the lithography machine market, its annual net profit is easily 40 billion euros, and its sales are as high as [-] billion euros.
In the future, if the Han people are dissatisfied, they will directly initiate sanctions and choke the other party's neck.
If Samsung wants to make chips, it must first obtain his consent.
Qiu Mingxiang also brought him good news. A total of twelve experts were willing to move their families to Hong Kong City and join Peninsula Technology!
Upon hearing this, Wang Lei was happy. If the United States still wants to block Longguo's channels for purchasing lithography machines in the future.
But there is a joke.
Maybe the peninsula’s research and development speed is faster than ASML, and maybe there will be a wave of reverse sanctions.
Sorry, Yingjiang, our etching machine is not for sale.
Why do you insist on buying it? I have some that I can use and sell to you at twice the market price. Do you want it?
TSMC, Samsung Electronics?
If it doesn’t exist, Hong Kong Peninsula will definitely be the most famous in the future!
He never expected that his right-hand man, who had been working with him for three years, would mention his resignation.
"Biles, aren't you willing to wait another two years? Believe me, in less than two years, Asmai will shock the whole world."
I have to admit that Smit is a very charismatic leader.
At that moment, Byers really had the urge to agree to wait.
"No, sir, I'm sorry, I really have to leave. I'm pretty sure that as long as Philips holds ASML for one day, I will always get the treatment I deserve."
This sentence touched Smit so much that he even thought about changing his employer.
"Well, Asmai is sorry for you. I hope to see you again in this industry in the future."
Perhaps out of selfish motives, Smit did not even sign a supplementary non-compete agreement with Byers when he resigned.
Byers, who walked out of ASML with the cardboard box, breathed a heavy sigh of relief.
Within an hour of his departure, Smit began to regret it, as several more resignation letters were added to his desk.
Not only members of Byers' team, but even members of the other two project teams.
Smit, who felt something was wrong, called in legal affairs and human resources and asked those who wanted to leave to sign a non-competition agreement.
But this did not stop the enthusiasm of employees to leave. Some unhappy employees even sarcastically said to him:
"President, given Asmer's current situation, can he still pay out such a large amount of non-compete compensation?"
When signing a non-competition agreement, compensation corresponding to salary must be paid within the limited number of years.
For important positions, excessive compensation must be paid.
If the compensation is not paid, or even one point is paid less, the non-compete agreement will be a piece of waste paper.
The employee hit a nerve with Smit.
ASML is on the verge of bankruptcy. If it recruits additional people, even the compensation for non-competing employees will not be paid normally!
Asmai has entered an endless loop.
Recruiting employees requires more money, and R&D cannot continue without recruiting employees.
If it cannot develop new products, the company will have no money.
Just when Smit was feeling tormented every second, he even thought about running away.
Cayman Capital sent a letter:
"Mr. Smit, we are interested in investing in your company and hope we can make an appointment for an interview."
Smit almost jumped with excitement. He was still a little worried about whether he should avoid Philips and talk to Cayman Capital.
He became furious when he thought of Philips's disregard for Asmer and his attitude of letting him fend for himself.
He bought a plane ticket overnight and came to the headquarters of Cayman Capital in the beautiful country.
As Cayman Capital bought a towering building on Wall Street, Smit gained a more objective understanding of the potential major shareholder.
Robert was puzzled by Smit's initiative.
This guy seemed eager to sell Asmer at a low price, which made Robert a little confused.
Fortunately, his assistant reminded him in a low voice that Asmai's latest situation was very worrying.
He couldn't help but be surprised. Could it be that there were still companies eyeing the lithograph track, just in the form of poaching?
The negotiations went very smoothly, and Smit agreed to Rupert.
Philips and ASM will be persuaded to sell all their shares for US$2000 million each.
Let Cayman Capital become the sole shareholder of ASML.
"Smit, you can rest assured that as long as this share transaction is completed, Cayman will invest at least US$3000 million in research and development every year until ASML's new products are launched."
When Philips executives learned that someone wanted to buy ASML, they almost cried with joy, because finally a big group was going to take over this broken company that was constantly burning money.
Given ASML's dire current situation, even if it continues to pour money into it, it's still unclear whether it will be profitable in the future.
It is better to resell it while it still has use value and stop losses in time.
So their business representative rushed to Wall Street non-stop, fearing that he would be late and Robert would regret it.
On the other hand, Sam is also very happy to sell the shares to Cayman Capital.
When ASML was established, they invested a huge amount of 210 million U.S. dollars. Several years later, they continued to pour money into it, but ASML showed no signs of profit.
Now someone is willing to help them stop their losses, and of course they are more than happy to do so.
He also sent people to Wall Street non-stop to sign an equity transfer agreement.
Wang Lei, who was on his way to Kyoto, was stunned for a moment when he heard the news.
Asml, the famous king of lithography machines in later generations, was so easily defeated by him?
As long as he knows how explosive this little broken factory will be in the future.
Occupying 85% of the lithography machine market, its annual net profit is easily 40 billion euros, and its sales are as high as [-] billion euros.
In the future, if the Han people are dissatisfied, they will directly initiate sanctions and choke the other party's neck.
If Samsung wants to make chips, it must first obtain his consent.
Qiu Mingxiang also brought him good news. A total of twelve experts were willing to move their families to Hong Kong City and join Peninsula Technology!
Upon hearing this, Wang Lei was happy. If the United States still wants to block Longguo's channels for purchasing lithography machines in the future.
But there is a joke.
Maybe the peninsula’s research and development speed is faster than ASML, and maybe there will be a wave of reverse sanctions.
Sorry, Yingjiang, our etching machine is not for sale.
Why do you insist on buying it? I have some that I can use and sell to you at twice the market price. Do you want it?
TSMC, Samsung Electronics?
If it doesn’t exist, Hong Kong Peninsula will definitely be the most famous in the future!
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