Reborn in 2010, the AI ​​in my mind is too powerful.

Chapter 318 Another Shareholders' Meeting

Just as the world's media were focused on the dramatic changes at TSMC Asia.

The area in front of the aT Center in Yangjae-dong, Gangnam-gu, South Korea, was filled with live-streaming vehicles. After a six-month-long standoff, Samsung C&T's extraordinary general meeting of shareholders finally resumed.

The secretariat deliberately chose this convention center instead of the headquarters building, as it's large and eye-catching. The shareholders' meeting had a very Korean feel; with the red carpet laid out, it looked more like an entertainment extravaganza than a shareholders' meeting.

Lee Jae-yong stood in the glass booth backstage, watching the long queue forming at the registration desk downstairs. Shareholders swiped their ID cards one by one, their names checked against the shareholder register, and the security gates clicked incessantly. Hundreds of people poured into the venue, reporters with their cameras and microphones blocking both sides, and a row of Korean banners.

There were also many protesters outside, and everyone knew that if this meeting passed smoothly, it would actually harm the interests of shareholders. As a national fund, the South Korean National Pension Fund could also suffer huge losses.

But the voice of the people has no power, especially in South Korea. They protest every day, over everything, big or small. They protest because there are too few doctors, and when there are too many, people protest again. There will always be people dissatisfied with reality, so they protest.

This has led to the fact that such an extreme form of demonstration, the march, has become commonplace and has lost its deterrent effect.

Lee Jae-yong looked at the crowd in the distance and gave a disdainful smile. The government didn't actually want him to take over smoothly, not because it wanted to stand up for the people.

The main hope is to get something from him.

But he is not alone now; he has a lot of American capital behind him, and after today, his relationship with many American investors will be even better.

Lee Jae-yong is currently quite confident. He feels that Samsung's position in South Korea is not stable enough, and it's not impossible that he could eventually side with the Americans and directly stand on the government's head.

The loudspeakers in the meeting room blared, signaling the official start of the meeting. Lee Jae-yong didn't bother to inquire about the proceedings; instead, he stayed in the VIP room backstage, watching the unfolding events.

The proposal was displayed on the big screen: "Merger of Cheil Industries and Samsung C&T".

The share exchange ratio is 0.35 to 1, with 35 shares of Cheil Industries being exchanged for 100 shares of Samsung C&T.

After the host finished reading the terms, time was allotted for questions, as is customary. Many hands were raised in the audience, all belonging to lawyers representing several large retail investors, who grumbled that the share swap ratio was too low, which disregarded the interests of shareholders.

These words would have caused a stir six months ago when Elliott was still in power. But a few months ago, they sold their shares to Aurora Group. Without the support of a major shareholder, small investors can't make a difference. Their voices are like pebbles thrown into the Han River—they disappear without a trace.

Several major domestic shareholders expressed their support, but the National Pension Service, representing the government, after realizing it could not obtain any benefits, followed its own wishes and voted against it.

However, they were no longer able to influence the overall situation; everyone else had already been dealt with by Lee Jae-yong.

The vote count took less than an hour, with over 80% of the shares participating in the vote, and the number of votes in favor far exceeding the two-thirds threshold. When the host announced the merger had passed, a sparse round of applause broke out from the audience, mostly expressing a sense of relief.

The new entity retains the Samsung C&T brand, making Lee Jae-yong the largest shareholder of the merged company, holding approximately 16%. Samsung Group's octopus-like circular shareholding structure is now completely sealed off, finally removing any obstacles to succession.

Within a minute, South Korean media outlets flooded the internet with breaking news, all headlines proclaiming the start of the Lee Jae-yong era and the completion of Samsung's power transition. Of course, many media outlets also noted that Aurora Group, through this acquisition, indirectly obtained some Samsung Electronics shares.

Everyone thought that Aurora Group and Samsung might have further contact in the future. And this contact came much faster than anyone expected.

That evening, Aurora Group and Samsung jointly issued a statement.

The statement was written with restraint, and the wording was standard for strategic coordination.

There are only two core points: Samsung invested in Aurora at a price equivalent to 4% of Aurora Group's valuation, with 5 billion US dollars in cash and the remainder paid in Samsung Electronics shares.

In exchange, Aurora Group acquired approximately 3.5% of Samsung Electronics' direct shares and a small indirect stake through Samsung C&T, totaling approximately 3.7%, and also obtained a board seat.

Media outlets around the world immediately began reporting on it frantically. The deep partnership between Samsung and Aurora was not unexpected. The real bombshell was Aurora's valuation, because according to Samsung's investment method, they essentially valued Aurora at 300 billion US dollars.

Although Aurora Group's AI chips are now being deployed at a rapid pace, any researcher with a bit of ambition around the world needs to use Aurora Group's AI Claude for assistance.

Despite Aurora's numerous successful investments, both in SpaceX and servo motors, there has been continuous growth.

Despite Aurora Group's recent acquisition of TSMC, which has virtually monopolized all advanced process technologies worldwide, the company is still struggling to survive.

However, most economists still believe that the valuation is too high, and some even think that Samsung's investment this time is a groveling move.

Chen Yiran disagreed. Before his rebirth, he had just looked at the 2026 rich list and saw that Musk was able to achieve a net worth of 800 billion US dollars when the second-ranked person had a net worth of more than 200 billion US dollars.

As a reborn person, his current net worth is only three times that of the second-place person, which is already considered a failure.

However, having made a name for himself, Chen Yiran felt it was time to start distributing the gold generously among his own people.

He took out his phone and called TED.

TED answered the phone, and it sounded noisy on the other end: "Hey, boss, didn't I ask you for leave? My son asked you for leave too. What's so special about calling me on the day of my son's wedding?"

Chen Yiran felt a little annoyed with Jasmine for not reminding him that it was inappropriate to make a phone call at this time.

[How can you blame me? You didn't even ask me before you called.]

Composing herself, Chen Yiran calmly said, "What's wrong? Can't I call to congratulate you? There's something else, has your son registered his marriage yet?"

"What's wrong with the wedding being held first?"

Before Chen Yiran could speak, TED on the other end suddenly screamed, followed by a series of footsteps.

"What's going on? What's your name?"

TED, slightly out of breath, said, "Boss, my son had his wedding first, but it's not legally registered yet. And his partner is also Chinese, so it was a Chinese-style wedding, and they didn't put their hands on the Bible to exchange vows. Legally speaking in the US, money received at this time doesn't count as joint property."

But I still think it's better not to give it to him; I should keep it. Having them sign a prenuptial agreement now might affect our relationship.

"As expected of a top lawyer, you reacted so quickly. Remember what I told you before, if the company's valuation reaches two trillion, I'll go public and cash out, then give you 0.1% of the shares? It's not even two trillion yet, so I'm going to give you the shares first. I hope you won't think it's too little."

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