The God of Coding, Becoming an IT Conglomerate

91. One request, one offer

Byungjin Park.

He was currently the head of the Semiconductor Development Department of Anam Industries, but in fact his identity was different.

‘He’s the son of Park Ki-joo, the founder of Anam Industries.’

Park Ki-ju hired his son as an ordinary employee, and it has been 15 years since Park Byeong-jin joined Anam Industrial, but he was still the head of the development department.

In fact, according to his real ability, he should have become an executive long ago, but he was still holding the title of manager in accordance with his father’s will to fully learn practical skills before becoming a manager.

“Fame···. What?”

Park Byung-jin, who has always had a relaxed expression and a sense of humor, could not hide his embarrassed expression.

“yes. Myungsung Electronics.”

“I’m not sure what you’re talking about.”

“It is literally. Currently, Korea’s semiconductor market is dominated by Myungsung Electronics. Especially in export, there is no company to follow.”

“Well, the fact that even national students know…”

Park Byung-jin seemed to have regained some composure and said while pouring makgeolli into a glass.

“Anam Industries’ current flagship product is 16 mega DRAM. Is that correct?”

“The sales volume of 32 mega DRAM is not small.”

“But aren’t most production facilities geared towards 16 mega DRAM?”

“that···. That’s right. However, we are slowly transitioning to 32 mega DRAM facilities.”

Hoyoung smiled.

“Myungsung Electronics already has 32 mega DRAM as its main product, and it may develop 64 mega D RAM next year.”

“64 mega DRAM?”

Park Byeong-jin was surprised and asked back.

The reason he is surprised is that 64 mega DRAM had not yet been developed.

If Myeongseong succeeded in developing 64 mega DRAM next year, it would be the first in the world to develop it.

“There is nothing to be surprised about. Myungsung Electronics currently accounts for 40% of its capital expenditure against sales, and its annual investment is close to 400 billion won.”

Park Byung-jin opened his mouth again.

“Also···. You have to invest such an astronomical amount to get results.”

At a time when Japanese companies such as Toshiba, NEC, and Hitachi, which are currently leading the global semiconductor market with Myungsung, barely exceed 150 billion won in annual investment, Myungsung’s investment was enormous.

Park Byung-jin smiled bitterly.

From the logic of capital, the Anam industry was no different from losing its reputation.

At present, the total sales of Anam Industries for a year were only about 300 billion won, so an investment of 400 billion won was unthinkable.

“What I have said so far is the approximate current status of Myeongseong Electronics. It is growing rapidly, and it will continue to accelerate through tremendous investment.”

“So what do you want to say? Did you ever come out of fame electronics? Since you’re doing so well, should I accept the offer I told you about last time?”

Hoyeong made an expression that it was the first time he heard Park Byungjin’s words.

“A suggestion? Have you ever been contacted from fame?”

“This is true. I don’t know if he really doesn’t know or if he’s pretending not to know.”

“I am someone who really has nothing to do with fame. Didn’t I tell you? It’s from Hermes Telecom.”

Park Byung-jin looked at Ho-young suspiciously for a moment before opening his mouth.

“I will ask you one last time. Does it really have nothing to do with fame?”

“yes. It doesn’t matter at all.”

Park Byeong-jin, who looked into Ho-young’s eyes for a long time, opened his mouth, probably thinking that Ho-yeong was sincere.

“Last month, the youngest member of a well-known family came to our company.”

Hoyoung’s eyes lit up.

The maknae of the famous family was Jo Nam-shik.

“haha···. No matter how shallow we look. They told us to stop developing. If the technology is developed by them, they will transfer it to us. Instead, you’ll get a commission from your sales. When that’s over, don’t talk. I added an additional condition to that, and it said that if you place an order at Myungsung Electronics, it will be delivered with the highest priority from that quantity.”

“Are you saying you’re going to subcontract Anam Industries?”

“haha. Marlowe is a strategic partner in the business. What kind of partnership is that? As you said, it’s a subcontractor!”

Park Byung-jin seemed to have a tantrum while talking and drank the makgeolli he poured out like water.

Hoyoung looked at him closely.

And he felt something in his eyes.

The struggle felt deep in his heart, where his pride was scarred.

“I must ask you one more time. If you had a chance to make a name for yourself, would you take it?”

At Hoyoung’s words, Park Byungjin tilted his head slightly and said.

“Wasn’t that like that a while ago? Myungsung will also develop 64 mega DRAM next year, investing 400 billion won every year. I don’t think there’s any way to achieve such a reputation…”

When Hoyoung tried to show a look of disappointment, Park Byeongjin continued.

“If you have a chance to catch it, shouldn’t you grab it?”

Hoyoung smiled as if she was satisfied.

“The result could be fame and pretense?”

“haha. Chuck still looks lost. If we decline the offer to become a subcontractor, will fame leave us alone?”

“I will never leave you alone.”

The Jo Nam-shik he knew was not the kind of person who would go over things like this.

“Then let’s have a listen. How the hell do you get a reputation?”

Hoyoung smiled and said.

“Sufficient investment in the right direction and securing a sales outlet that can continuously increase sales.”

“what?”

Park Byung-jin frowned.

What Hoyoung said was correct.

That’s the answer anyone can say.

“haha. It sounds like a person with a perfect score on an academic test appeared on the news and said, ‘I slept enough, and I studied mostly Korean, English, and math in textbooks’…? are you kidding me? haha···. I was listening to it seriously, but this won… I was just trying to curse and held back.”

Unlike Park Byung-jin’s distorted face, Ho-yeong had a relaxed expression.

“Did you think I was saying something too obvious?”

“If it’s that easy, you can do it yourself. Why are you meeting me here?”

“Actually, because the manager is right. An interview with a student with a perfect score in the academic test. That’s my plan. But to do that, you have to be at least a high school student who has completed compulsory education. Doing it from scratch is because you have to raise a newborn baby and raise him to the age where he can take an academic test, which takes too much time and effort.”

“ha ha ha. So, are we at the level of high school students?”

“If you ask me, yes. He is also a high school student with outstanding grades.”

Park Byung-jin fed up with Ho-yeong’s analogy and laughed.

“I don’t think I’m joking, so if I answer, our company’s annual sales are 300 billion won. In addition, we are in a situation where we cannot invest more than 20% because there is no other source of income other than semiconductors. If you take the maximum and hit 20%, it will be 60 billion. No matter how right direction it is, it’s realistically impossible to collide with fame. And even though we are a company that makes a living from exports, it is really difficult to break through the market already occupied by Japanese companies and reputation overseas. You wouldn’t know that.”

Park Byung-jin poured out his words without taking a breath.

His face flushed bright red, perhaps because he was getting drunk from the makgeolli he had already drunk, or because he faced the reality.

“If you are confident that you can make the highest quality semiconductors, I can help you with both.”

“yes?”

“This is the one request and one suggestion I mentioned earlier. The request I want to make is simple. I would like to ask you to proceed with research and development in the direction I mentioned. And the offer is also simple. When you say that you are developing in the direction I mentioned, I will invest 300 billion won in development.”

“three···. Thirty billion?”

Park Byung-jin doubted his ears to see if he had heard it wrong.

“I can invest more than that, but it takes some time because of the relevant laws. I think you can just think of it as the first investment.”

“More than that?”

Hoyoung was thinking of investing more than 600 billion won in total.

This amount of money was actually a huge burden even for Hoyoung.

The amount to invest in Anam Semiconductor was intended to be raised by selling shares of Dell Computer.

Dell Computer’s stock is still on the rise, and will continue to rise for the next five years, but I thought it was inevitable to curb Myungsung Electronics’ growth now.

However, after hearing Hoyoung’s plan, Eric told Hoyoung a good plan.

‘boss. Aren’t you investing too honestly? Think of a stock-backed loan?’

Equity Backed Loans.

Currently, Dell Computer’s market capitalization was over 15 billion dollars (about 15 trillion won), and naturally, the value of 34.2% of stock owned by Hoyoung was about 5.1 billion dollars (about 5 trillion won).

Bank of America’s equity loans usually classify only 1/10 of the value of stocks as safe assets and lend them out, but in Hoyoung’s case, excluding other companies, Dell Computer’s assets alone are enough to get loans up to $500 million. there was.

‘The better thing about stock-backed loans is that the proportion of loans becomes smaller and smaller as the value of stock rises.’

It was a very reasonable and good choice for Hoyoung, as Dell Computer’s stock showed a steady upward curve for the next 10 years.

The key is whether or not I can get a loan of 500 million dollars, but Eric shouted that he could solve the problem, so I thought I could trust him.

“ah···. No, 300 billion won is equal to the total stock price of our company. Of course, we will not sell it, but if we do, it is an amount that can be acquired.”

“yes. I know.”

“Then investing is what you want. What the hell do you want from us with an investment of 300 billion won?”

“I want two things. The first is that you want to receive a portion of your profits until you recover your investment. and second. All of the technologies I invest in and develop are asking me to pass on the technology to the company I will create in the future.”

“Haha, I will pay child support, so please raise the newborn so that he can pass the academic test?”

“That’s it.”

Hoyoung was planning to set up his own semiconductor company while investing in Anam.

It was because he planned to put Anam in front of him until the company he was creating was growing, and after that, he was going to kill his reputation.

“This, I came here to eat buckwheat noodles with a light heart, and I look sick.”

“I believe that you can chew well and digest well. Anam is not such a weak company in terms of history or internal stability.”

Ho-young’s words could be simply lip service, but Park Byeong-yoon strangely felt a fighting spirit seething.

“okay. Let’s say that I trusted their words a hundred times and the investment amount was resolved like this. Then, how do you decide the direction of investment and where to sell it?”

“First of all, let’s start with the research on converting the size of the 6-inch wafer you are currently using into an 8-inch wafer.”

A wafer is a disk-shaped substrate made of silicon single crystal used as a raw material for semiconductor integrated circuits.

Components such as transistors and capacitors are made by exposing light to this substrate or using gas.

“As the size of the wafer increases, the amount of unusable wafers thrown away decreases. Then, the production of semiconductors per wafer unit can be greatly increased. Of course, we are developing 8-inch wafers now, but in the future, we need to develop 12-inch and 16-inch wafers as well.”

“It’s easy to say, if wafer development is that easy, companies all over the world will already be using 8-inch wafers.”

“All of them are not investing due to the current contraction of the semiconductor market and technological uncertainty. Myungsung Electronics is the only place that wants to invest in 8-inch. If we develop it before fame and register a patent, it is certain that all semiconductor companies around the world will pay huge royalties to Anam Industries and use 8-inch wafers.”

Anam Industries was not a company without technology.

However, compared to technology and research capacity, meager research funds were only hindering growth.

Hoyoung was convinced that if they were given a huge research fund, they would definitely succeed in wafer development.

Actually, it was Ho-young who found an article that said that he developed an 8-inch wafer with his own technology in the mid-1990s and escaped royalties from Myungsung Electronics while reading past articles through Gaia.

“okay. Then, even if you have decided on the direction of development, how do you plan to secure stable sales partners?”

Hoyoung thought that the highlight had finally arrived.

“The seller will be able to solve it with my network.”

“Relationships?”

“Do you know that it is a Dell computer?”

“I am not stupid. Do you work for a semiconductor company and don’t know about Dell computers? Isn’t it an American computer company that is growing like crazy and eating away at a noticeable share of the global PC market?”

“you’re right.”

“Why Dell computers…?”

“As long as the quality of all memory-type semiconductors used in the Dell computer is guaranteed, all of Myungsung Electronics’ memory can be replaced with those of Anamm.”

“I beg your pardon?”

Ho-yeong thought that Park Byung-jin seemed to be surprised all day long.