I've done whatever I want

Xin Tong is right. Under the influence of economic laws, the global economy in the second half of 2008 was like a car driving forward that suddenly fell into the quagmire of crisis, and the engine stalled.

As a result, companies began to lay off workers, and commodities began to plummet. This is an era where cash is king!

Kilby, a US-owned semiconductor company, was also affected. In November, it made a decision to survive and announced that it would lay off its image sensor chip division. The laid-off employees would be compensated according to the N+11 standard. When the news came, Shanghai Office was immediately panicked.

"You are middle-aged and unemployed, how can you support your wife and children?"

"The mortgage payment is cut off, the mortgage payment is about to be cut off, there is no job anymore, the house can no longer be afforded, break the bones and sell it!"

"I am unemployed. I will never come to Shanghai again. It is better to go back to my hometown to farm, where the mountains and rivers are beautiful and the air is good!"

"Starting from tomorrow, I will set up a street stall!"

"I plan to go to Qidian to write fantasy novels. For those of you who are still employed, remember to give me a collection to support an initial subscription!"

Simon also looked worried, worried that the MCU division would also be affected. Like Xin Tong, he also had a lot of investments outside and didn't have much cash in hand.

Once you lose your job, what will happen to the tuition fees of your children studying abroad?
My wife also wants to go to South Korea for plastic surgery on New Year’s Day. Where will the money come from?
"Manager Xin, the economic situation in the United States is not good, and those of us who work in American-owned companies are suffering!" In the conference room, Simon kept shaking his head and sighing.

Against a gloomy background, depression, disappointment, and even despair—these negative emotions seem to be contagious.

"Simon, the economic crisis is temporary. You have to believe in our motherland. We survived the 98 Asian financial crisis safely. What is this crisis in 2008?" Xin Tong looked calm.

He believes in his motherland!

"Xin Tong, please stop talking nonsense at this time. Companies as big as Lehman have gone bankrupt. If Kilby goes bankrupt, we will all face unemployment. The situation is very bad now. Asset prices have dropped sharply. Our MCU prices have dropped." It’s dropped by 30% and still no one wants it, it’s so annoying!” Simon put his hands into his hair, looking very helpless.

"There are no signs of improvement in the situation now. Manufacturers dare not rush to prepare too many goods. The main reason is that demand has shrunk so much that chip prices are inevitable!" Xin Tong has a very clear understanding of the economic crisis.

"Kilby's other product lines sold in China have either been cut off or their prices have plummeted. Only our MCU line can barely sustain it, thanks to you Jinshi Technology!" Simon sighed with emotion.

Chunjiang Plumbing Duck Prophet, as Sales Manager, Xin Tong knows the market trends better than anyone else. Large agents such as Arrow Electronics, WPG Holdings, and Avnet rarely purchase goods anymore.

Now it’s time to clear out your inventory!

"Brother, please help me, help Kilby purchase another 1000 million yuan in goods. The company's income has been limited recently, and we have to prepare a severance package for employees. There is a huge funding gap!" Simon said in a pleading tone.

"Simon, I will help you arrange the 1000 million goods immediately. This time, Jinshi Technology has helped Kilby. Kilby should not forget Jinshi Technology in the future!" Xin Tong nodded.

“Mr. Happy.

According to Kilby's Rules, once the Partnership Agreement is signed, Jinshi Technology will become Kilby's permanent authorized agent without violating the other party's business principles.

"Thank you Simon!" Xin Tong nodded.

"Manager Xin, thank you for lending a helping hand to Kilby Semiconductor during its most difficult time!" Simon stood up, stretched out his hand and held Xin Tong's hand tightly.

Coming out of the conference room, Xin Tong breathed a long sigh of relief.

Kilby is a very high-quality company in the chip industry, and it is a great honor to sign a partnership agreement with it.

In the future, when we expand the market, we can convince many big customers just by relying on this partnership agreement.

Sitting at his desk, he was a little idle. The sluggish business of Kilby Company was caused by the general environment. The plans made in November to visit customers with different agents were canceled one by one.

As the contracts of colleagues in the image sensor chip division were terminated, the Shanghai Office, which was once full of people, suddenly became lifeless. Simon also left early in the afternoon.

With no customers to visit, Xin Tong returned to Jinshi Technology in Pudong Software Park in the afternoon.The impact on the market also affected Jinshi Technology. Most of the sales and FAEs had no customers and stayed in the office whispering about when the economic crisis would end. When they saw Xin Tong walking in, everyone was sitting upright.

"The current economic situation is not good. Jinshi Technology will not lay off employees, so everyone should rest assured!" Xin Tong said loudly.

"thank you boss!"

"When you have free time, everyone should read more about the technical information of the original chip manufacturer, familiarize yourself with the application scenarios of the chip, and practice your internal skills!"

"Ok!"

After Xin Tong finished speaking, he walked to Zhu Tao's office and patted him on the shoulder: "Come to the conference room with me!"

"Brother Xing, you asked for another 1000 million yuan of goods from Kilby?" In the conference room, Zhu Tao couldn't help but ask as soon as he sat down. Now that the market is selling goods, cash is king, how can Brother Xing buck the trend? Did it work?
"Yes, Kilby helped us in the past. Without Kilby, there would be no Jinshi Technology. During this economic crisis, we should help them. Simon will sign a partnership agreement with us!" Xin Tong explained.

"Understood!"

"Kilby's current situation is very difficult, especially for middle-aged unemployed men, both young and old. The family's breadwinner has no income, and life will be very difficult!" Xin Tong said.

During the economic crisis, the prices of bulk commodities have plummeted. However, the prices of oil, salt, sauce and vinegar, which are closely related to people's lives, are still very strong. The rent in Shanghai is still very strong, and daily expenses will not be reduced.

"Yes! Boss, when Dalian's big company flew over from Taipei, it wanted to spend [-] million to acquire us. If it had sold it at that time, we wouldn't have these worries now!" Zhu Tao said with emotion.

According to his estimate, the company's agency revenue in November shrunk by at least half compared to the peak period, which is about 11 million yuan in revenue, and the net profit after deducting costs will not exceed 100 million yuan.

A big company in Dalian offered [-] million to acquire, and the PE was [-] times that.

If the economy declines further, the valuation may be [-] times PE.

What is the concept of one hundred times?It takes 100 years to earn the purchase price. The key is whether a person can live for 100 years?
Even if people can live for 100 years, how many century-old stores are there in the world?

"Brother, what you see is the immediate benefits. You made the same mistake as Cui Jie and did not look at the problem in the long term. This cannot be blamed on you, because you are standing in different positions and see completely different things!" Xin Tong patted Zhu Tao on the shoulder and said.

"Oh!"

"Zhu Tao, you must take the initiative to take the tasks I assigned you at the QBR meeting!"

"Brother Xing, those big manufacturers used to have a high profile and ignored requests for goods from them, but now they are begging us to buy goods for them with playful faces!" Zhu Tao felt like he had become the master.

"Brother, be braver, we have money in our account! You can just squeeze in goods worth 200 to [-] million yuan with your eyes closed!"

"Brother Xing, are you taking a step too far when you do this?" Zhu Tao reminded.

"Zhu Tao, you don't believe that I can do it, but you must believe in the stronger motherland. This situation is definitely temporary. Once the economic crisis is over, the factory will resume production. Chip making is not that fast, and crystal manufacturing is For packaging and testing, it will be difficult for the supply of chips to return to normal without two or three months, and by then chips will become a product in shortage."

"Okay, we have recently negotiated with three major manufacturers, including Maxim, Magnachip and Broadcom." Upon hearing this, Zhu Tao felt that what Xin Tong said was very reasonable.

Chips, especially upstream wafers, require a lot of money to invest. Generally, the forecast is six months. It is a miracle that normal supply can be restored in three months.

"Very well, Zhu Tao, I will give you a task. By the end of the year, you will negotiate with me ten original chip manufacturers and choose them from the top 100 in the world. If we miss this opportunity, it will be very difficult for us to represent chips from these major manufacturers in the future. Xin Tong patted Zhu Tao on the shoulder and said.

"Boss, don't worry, people are begging us to buy chips now. I can talk to not just ten, but a hundred companies. Every time I go to the original factories to talk about agency matters, they hold my hand tightly. My hands are like holding a life-saving straw!" Zhu Tao said with a smile.

"Others fear me and greed is the way to make money! After the economic crisis, we will make a big fortune!" Xin Tong finished speaking and walked out of the conference room.

Zhu Tao was stunned, and after a while he patted his head, "Hi!"Brother Xing is still so awesome!