Chapter 566 Samsung Bankruptcy
Xingchen Group has shown a strong dominant position in many fields.
Many companies in the same industry feel tremendous pressure.
For example, the mobile phone market, integrated circuit market, chip market, etc.
Before, the apples were cold, Qualcomm was cold, Hynix was cold, Micron was cold, and Taiwan Chicken Electric was cold...
Samsung Electronics not only operates Samsung mobile phones, but also operates chips and integrated circuits and other businesses.
They have been struggling for 3 years.
Since the beginning, their Samsung phones have become cold. After the mobile phone business has become cold, they also have chip business, integrated circuits, TVs and other businesses.
However, as Xingchen Group launched the awesome Star Chip, Samsung's chip business went cold again.
However, Samsung Electronics is worthy of being one of the top 500 in the world, and Samsung Group is also supporting them behind them. So they did not have a capital break. They could only struggle to support them.
It can only rely on the support of semiconductor integrated circuits, TVs, LCD screens and other businesses.
But not long after, Xingchen Group launched semiconductors and integrated circuits. Then Samsung's big business fell into chaos again.
Only the pitiful TV and LCD screen business remain.
But the TV business has almost no market for them in China. The same is true for LCD screens.
In the end, after three years of perseverance, their capital chains were ineffective more than a year ago.
With the support of Samsung Group behind it, there is only one empty shell left now.
A large amount of debt, a large number of layoffs, the businesses of the three major companies closed, and the company's stocks fell to freezing point.
Such companies are no longer able to make a comeback and have no profit at all. They have been in a loss state for a year.
In the end, Samsung Group had to lose expectations for this largest subsidiary of Samsung Electronics. Samsung Group could not save its largest subsidiary, Samsung Electronics.
Samsung Electronics Headquarters.
President Li Jianxi sat at the top of the conference room.
His expression was a little lonely, sad, and helpless.
He never expected that Samsung Electronics, the Fortune 500 in the world, would declare bankruptcy between his term!
Yes, the parent company Samsung Group has ordered Samsung Electronics to go bankrupt.
"Everyone, today is the day when our Samsung Electronics Company declares bankruptcy. Now, those who read the name in me can stay at work and go to other subsidiaries of Samsung Group. If you don't want to stay, you can also resign. As for those who do not read the name, I'm sorry." Li Jianxi said in a deep voice.
There are a total of forty or fifty high-rise buildings of all sizes in the conference room.
Although each of them was mentally prepared, they couldn't help but burst into tears and disappointment when they heard the news.
"Is it really going bankrupt?"
"We have persisted for so long and for so long. We thought we would overcome the difficulties. We didn't expect that we would still be unable to escape the misfortune in the end..."
"We have been supporting it for 2 or 3 years, and I don't know how much money we spent. Many of our old capitals have been exhausted. And the Samsung Group behind it has also distributed a lot of funds. Until now, we just have to go bankrupt."
"well……"
"There is still a glimmer of life to pronounce the name. Those who have not pronounced the name will be fired. Then we will find a new job."
"Song Chengxian, Li Bingjun..." Li Jianxi began to pronounce his name.
Soon, when Li Jianxi finished handling this matter, he made people announce that Samsung Electronics Company was in bankruptcy.
As soon as this news came out, it spread throughout the local area of Bangzi.
At the same time, it soon spread throughout the world.
After all, although Samsung Electronics is only a subsidiary of Samsung Group, it is one of the top 500 in the world. Therefore, its fame and attention are very high.
The announcement of bankruptcy today has indeed surprised many people, but it is not astonished.
Because in recent years, many people have known that Samsung Electronics is forced by Star Group like Apple!
This is the world, the strong prey on the weak! The law of the jungle!
The weak will always be eliminated.
The next day, all kinds of reports were flying all over the sky.
"Global Business Weekly": Samsung Electronics Corporation, a generation of electronic overlords, announced bankruptcy yesterday! The person who ended it was Star Group!
Samsung Electronics is the largest electronics industrial enterprise in Bangzi and also the largest subsidiary of Samsung Group. Among the 100 most famous trademarks in the world, Samsung Electronics is the only trademark of Bangzi and a symbol of industry. It once ranked 15th in the world's top 500, and its annual turnover can reach US$180 billion!
Once upon a time, its Samsung phones were comparable to Apple's back then. Samsung chips were the world's largest chip manufacturer...
However, such a powerful company was beaten by Xingchen Group and had no temper. After being dragged down for three years, it finally couldn't stand to declare bankruptcy.
Even Samsung Group cannot save them.
This time, the bankruptcy of Samsung Electronics is definitely a huge pain and a huge loss for Samsung Group.
It is equivalent to cutting off one of Samsung Group’s right arm!
Because Samsung Electronics is the largest subsidiary of Samsung Group!
Samsung Group's subsidiaries include: Samsung Electronics, Samsung Products, Samsung Aviation, Samsung Life Insurance, etc., and their businesses cover many fields such as electronics, finance, machinery, and chemistry.
But Samsung Electronics is the most powerful. Now Samsung Electronics is bankrupt. Although Samsung Group is not seriously injured, it is still considered to be seriously injured...
Global Gossip Magazine: Samsung Electronics’ bankruptcy, then Samsung mobile phones, Samsung chips, and Samsung semiconductors will all become past and history...
Qin Hailang, who was far away in Yangcheng, also browsed this news in the office of his own company.
He was not surprised when he saw this news. To be honest, this Samsung Electronics company has been around for a long time. At least it is longer than many companies.
The main reason is that this company is already very strong, has a lot of original funds and the support of Samsung Group behind it, otherwise it would have been as cool as Qualcomm.
"Hehe, now Samsung Electronics Company is bankrupt. It also belongs to the Fortune 500 in the world. So wouldn't it mean that I have completed another special mission?" Qin Hailang thought happily in his heart.
"Think, host." Xiao Xin jumped out and said.
"Dingdong...Congratulations to the host for completing one of the special tasks, winning 5 draws, and receiving 1 million mission values!"
Listening to the system's prompt sound, Qin Hailang immediately smiled.
He had 9 million quest values before, and the reward of 1 million quest values now means he had 10 million quest values!
Chapter completed!