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Samsung will respond to the pursuit of Chinese enterprises through M & A

Time : 19/07/2022 Author : nasmf6 Click : + -
        Japan Economic News reported on the 10th that in order to carry out business structure reform, Samsung Electronics will promote mergers and acquisitions. The reason is that despite the excellent performance of the semiconductor business, Samsung still maintains the highest yield in the manufacturing industry, but the stock market requires the company with 11 trillion yen of cash to improve its capital efficiency. In the field of hardware business, competition with Chinese enterprises is inevitable. A Samsung executive said that the "recent" M & A will play a key role in the company's growth. According to the calculation of SK securities in South Korea, the semiconductor Department accounts for 57% of Samsung's operating profit. On the other hand, in addition to the mobile phone sector, which has become the revenue pillar like the semiconductor sector, the growth of such sectors as home appliances and displays is weak due to the catch-up of Chinese enterprises.
        This means that Samsung's income structure relying on semiconductors is very obvious. The stock market thinks that Samsung's reliance on semiconductors is a risk. In August 2021, the uncertainty of the memory market increased, and Samsung's share price fell sharply. Li Chengyu, chief analyst of Youjin investment securities, pointed out that "if Samsung wants to further raise its share price, it needs to reform its business structure that has remained unchanged for more than 10 years.". Samsung also realized this concern and began to take action. In January 2021, Samsung's chief financial officer (CFO) said that "meaningful M & A will be implemented in the next three years", and announced that it will actively seek for M & A targets. As of the end of September, Samsung's cash assets had accumulated to 120 trillion won, and investment banks have put forward several merger and acquisition proposals to Samsung.
        Samsung is a super large enterprise with a sales volume of 27 trillion yen, mainly focusing on hardware such as semiconductors, mobile phones, home appliances and displays. Most of the previous mergers and acquisitions were to supplement the existing businesses such as software technology, production base and sales, and few large-scale mergers and acquisitions required by the market to adjust the business structure. According to Yonhap, Quan yingshou, representative director and vice president of LG energy solutions, said on the 10th that the company's orders for power batteries are more than those of Chinese battery giant Ningde times (catl). In the long run, the market share is expected to catch up with the Ningde era. Quan yingshou made the above statement when answering questions at the online press conference of initial public offering (IPO) on the same day.
        LG energy solutions disclosed on the same day that the company currently supplies Volkswagen, general motors, Tesla, Audi, Hyundai, Ford, Volvo, Porsche and many other global vehicle manufacturers. This year, the total orders in hand reached 260 trillion won (about 1.38 trillion yuan). Quan yingshou said that LG energy solutions have an overwhelming intellectual property advantage over its competitors. Different from the Ningde era, the company has a diversified customer base in the world, and its production base is located in Europe, the United States and China. Since Chinese automobile enterprises use local batteries according to the policy, it is not difficult for Ningde times to increase its sales. However, to become a global enterprise, it needs to attract customers in Europe and the United States, but it is not easy.
        When asked how to compete with local manufacturers such as Ningde times in China, Quan yingshou said that it is said that the Chinese government will no longer provide financial subsidies to local battery manufacturers from 2023. The company will cooperate with a local enterprise this year and will actively explore the Chinese market in the future. Quan yingshou said that the company is also involved in the lithium iron phosphate (LFP) project led by Chinese enterprises, giving priority to its application in the energy storage system (ESS) and considering its use in the power battery field. LG energy solutions began to research and develop batteries in 1992. By the end of the third quarter of last year, its share in the global electric vehicle battery market was 24%, and its share in Europe and the United States was as high as 44% and 29%, leading the way.
        Quan yingshou said that the challenges and innovations accumulated for more than 30 years have finally yielded the fruits of IPO. This IPO will take the first step in planning the company's 100 year future. Reuters reported that Ferrari's new Chief Executive announced new organizational and leadership changes on the 10th, aiming to strengthen its technical focus and product uniqueness because the luxury sports car manufacturer is transforming to electrification. Benedetto Vigna is a senior person in the science and technology industry. He used to be a senior manager of the chip manufacturer st semiconductor. In September, he served as chief executive officer of Ferrari. His mission is to promote Ferrari into a new era of cleaner, silent and connected mobility.
        Ferrari said in a statement that functional departments including "product development and research", "digital and data" and "technology and infrastructure" will now report directly to the CEO. As part of the reform, the company appointed gianmaria fulgenzi as the chief product development officer. Fulgenzi has been working at Ferrari since 2002 and recently served as the supply chain director of its racing department. Silvia Gabrielli joined Ferrari from Microsoft in 2019 and was appointed as chief digital and data officer to promote the digital transformation process of the whole company and ensure more data-driven and digital processes.
        ”。 Ferrari also hired Angelo Pesci from STMicroelectronics. He has worked for STMicroelectronics for more than 20 years, engaged in financial planning, supply chain and product planning, service and operation. He was appointed chief procurement and quality officer of Ferrari. "The new organizational structure will further promote innovation, optimize processes and strengthen internal and external collaboration with partners and suppliers," Ferrari said in a statement. Forbes reported on the 10th that in December last year, Ubisoft released a limited edition NFT in the military shooting game ghost reconbreakpoint. This should have been a watershed moment: this French company became the first large-scale game publisher to add NFT to the game, which may indicate a great change in the use of blockchain technology in the game.
        However, the actual situation is just the opposite. This is a dramatic mistake, and the negative feedback from the market also comes quickly. Players complain that they need to play 600 hours of games (24 hours a day, almost a month) to get a free item & mdash& mdash; The disguised helmet of the game character. Attempts to increase revenue are even more frustrating: a report said that only 15 NFTs of the game were bought, with a total value of $400. John Linden, CEO of mythical games, a blockchain platform developer, said: "this is a half baked approach." he said that the key to NFT's success is to fully integrate it into the original economy of the game, so that users can gain benefits in the game.
        In the blockchain game method, virtual props in electronic games & mdash& mdash; Such as collectibles, weapons and fancy skin & mdash& mdash; It is a real-world asset, similar to stocks or bonds, and exists in the form of NFT. Since NFT is stored on the blockchain (an open and decentralized ledger), it gives the "transfer right" to consumers, allowing them to control their virtual assets. The biggest difference between blockchain and traditional games is control. Publishers cannot delete blockchain assets by closing a game or deleting game functions. NFT projects in the game can exist beyond the life of the game, and can maintain value as long as there is demand.
        But there are still many things to be solved in blockchain games. Some complete blockchains need more power than some countries, which puts pressure on the environment and charges in the form of "gasoline fees" (or the fees for users to use the network). The game earning mode in which players gain and lose assets raises the question of whether the gambling law should be applied. In other applications, user groups will pool their money to buy a single expensive asset, which may one day conflict with global securities regulators. In addition, the tokens and currencies in the game correspond to real-world assets, which also raised concerns about market manipulation and other possible violations of securities laws and regulations.
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