If you just look at Chen Fuyang's appearance, he is quite distinctive. In his previous life, he had a nickname called "Bulldog". To be honest, they do look a bit similar.
However, when it comes to him, the industry's impression of him is that he is a vicious "capital tycoon".
It can be seen from Chen Fuyang's resume that he has experience as a senior executive in an investment company. In Commodore International, he was also the vice president in charge of financial affairs.
Just like he later led that semiconductor company to complete its listing in the United States, and after a series of steady, accurate and ruthless acquisitions, it became the world's fifth largest semiconductor company after Intel, Samsung, TSMC and Qualcomm, with businesses spanning related chips in many fields such as smartphones, set-top boxes, and wireless WiFi.
In short, any company that he takes a fancy to will eventually escape the fate of being acquired by him.
It is precisely this reason why Barron values this Chinese executive who is over 50 years old.
"Mr. Chen, there is an investment company and I hope you can be the person in charge..."
Before meeting Barron, Chen Fuyang had considered the possibility he mentioned, that is, poaching people. After all, with his current qualifications, there were quite a few companies that contacted him directly or through headhunting companies every year.
But when he heard Barron mention the name of the company, he was still a little confused...
Rich23 Capital?
From the information Barron gave him, Chen Fuyang learned that this investment company had only made one move so far, when its subsidiary Pioneer Sports acquired the F1 event management company, the original SLEC company, which has now been renamed F1 Group.
This acquisition can be said to be one of the biggest news at the beginning of this year. After all, the F1 event itself is quite influential in the world, and it was acquired by such an unknown company, which still surprised many people.
but...
I have no experience in the sports industry at all!
Seeing the puzzled expression on the other party's face, Barron smiled and said:
"In fact, the other businesses of Rich23 Capital will not take up too much of your energy. The most important thing is that I hope you can help me complete the next acquisition. I plan to acquire Agilent's semiconductor business."
Agilent?
Chen Fuyang, who is in the semiconductor industry, could not have not heard of this company. It was originally spun off from Hewlett-Packard in 1999. The semiconductor business of this company is much larger than that of ICS where he is now.
"Semiconductor business? With all due respect, Mr. Cavendish, your previous business did not involve this industry. Why do you suddenly want to acquire it?"
"It's very simple. I think the next 20 to 30 years will be the era of mobile communications and related network technologies. That's why I bought O2 Telecom and invested in companies like Apple and Google. Related hardware and semiconductor businesses are an important part of this."
Barron was very satisfied with Chen Fuyang's surprised expression at this time. He said calmly:
"Mr. Chen, I will not only give you a better salary than you have now, but I will also give you the greatest power. In terms of semiconductor business, I hope you can help me build a semiconductor empire."
"But it's not easy to buy Agilent's semiconductor business. Even if I make a simple estimate, it will cost more than 2 billion US dollars..."
Baron had anticipated this. In his previous life, private equity funds KKR and Silver Lake Capital acquired the semiconductor business of Agilent, which was renamed Avago, for US$2.66 billion in 2005.
At that time, they invited Chen Fuyang to be the company's CEO. With his outstanding business management capabilities, he successfully led Avago to be listed on NASDAQ in 2009.
The semiconductor industry is very interesting and has a very obvious cyclicality, often with a cycle of three to four years. At the peak, the market value of a company can increase several times, and at the trough, it will fall by more than 50% compared with the previous period.
The year 2004 has just passed the last trough and the semiconductor market has hit the bottom. Therefore, if Agilent's semiconductor business is to be acquired now, the price would not have to be as high as $2.66 billion in 2005. About $2 billion would be enough.
"That's no problem, Mr. Chen. I forgot to tell you that Rich23 Capital still has 2 billion pounds of funds in its account."
"I need to think about it..."
"No problem, Mr. Chen, I await your reply."
As for revealing this to him, what if he doesn't agree?
In addition to Barron's confidence that Chen Fuyang would not refuse the opportunity to run a more powerful semiconductor company, the other party also signed a confidentiality agreement before they had this conversation.
The most important thing is that having reached Chen Fuyang's current position, he should understand what things should be kept to himself.
…
"Are you done with your business, dear?"
"Yes, baby, I'll go for a walk with you."
Los Angeles has a mild climate with sunshine all year round, which is much warmer than London.
However, February here is the wettest time of the year, with more rain.
The weather was rare and good this year. After Barron helped Rebecca put on her coat, he took her hand and walked to the beach outside.
Rebecca's due date is in April, which is just over two months from now.
Therefore, along the way, not only did they not walk fast, but Barron also kept an eye on Rebecca's situation.
This also made her laugh:
"Don't be so nervous, dear. When the weather is good, my mother will always go out for a walk with me."
But seeing Barron's current appearance, she still felt very sweet in her heart.
Although it usually takes two or three months for the two of them to see each other, Rebecca usually pays close attention to the news about Barron. She knows that his business is growing and he will be busier, which she can understand.
Many times, she would even make a lot of explanations for Barron in front of her mother.
And after seeing him, all that was left was happiness.
It has to be said that despite the situation of the two of them, Rebecca will not be the woman standing in the sun.
But when she first met Barron, it really was love at first sight, and now he can guarantee that she can live the best life.
Rebecca's parents divorced when she was very young, which made her not so longing for marriage. Now, she feels that the situation is actually not bad.
Barron stayed in Los Angeles for two or three days, during which time he met with Schwarzenegger.
Now this "Terminator" has assumed office as the Governor of California, and the matter that was previously entrusted to him, namely the lawsuit regarding the Skype team, has also been resolved. In the end, Barron took out 15 million US dollars and reached a settlement with those copyright holders. They will no longer pursue the responsibility of the Skype team in this matter, and instead will claim compensation from the current owner of the Kaaza software.
Before Barron left Los Angeles, Chen Fuyang also gave a reply.
Barron was not disappointed and agreed to join Rich23 Capital and become the CEO of the investment company.
After he takes office, the first thing he will do is to go to Agilent and acquire their semiconductor business on behalf of Rich23 Capital.
This kind of business is not something unfamiliar to him. Especially after knowing that Rich23 Capital has sufficient funds, Chen Fuyang still seems very confident.