Tencent science and Technology NewsLast week, the United States communications chip company Broadcom announced that it will spend $105 billion (including debt of $130 billion) acquisition of mobile phone chip giant Qualcomm Corp, news shocked the global technology industry. The acquisition also allows a low-key Chinese semiconductor industry
Even Japan, Qualcomm Broadcom to acquire has been questioned by the media, such as the bid is too low, Bloomberg said the price earnings ratio is even lower than the average level of the industry, also may use in the Broadcom and Qualcomm apple take advantage of another's perilous state, in contradiction to opportunities to launch low-cost acquisition.
According to the British financial times, Chen Fuyang said in an interview:
Chen Fuyang is 65 years old, and his career has been outside the public spotlight. However, Chen Fuyang also established a good reputation in Wall Street: with high efficiency, in addition to excellent ability to grasp the opportunity.
12 years ago, Chen Fuyang showed these excellent qualities and achieved success all the way. At that time, the United States Private Equity Investment Firm Silver Lake and KKR acquisition of Singapore semiconductor company in Anhua, Chen Fuyang was invited back.
But this time the acquisition of Broadcom Qualcomm will not only become the world history of the technology industry's largest acquisitions, will also bring a great challenge to Chen Fuyang, including in no longer low-key background, more attention in their public image.
In the semiconductor industry, Chen Fuyang is interested in mergers and acquisitions expansion, think that as long as the regulatory authorities are not limited, should actively carry out. The success of mergers and acquisitions led to Chen Fuyang's attention to Wall Street institutions.
One former Broadcom Corp executive used the following words in summing up Chen Fuyang's strategy of mergers and acquisitions:
In addition, Chen Fuyang has always maintained a flexible
In the American technology industry, Chen Fuyang's path is quite different from that of others. He was a Chinese in Malaysia who received a scholarship to Massachusetts Institute of Technology, came to the United States, received a degree in mechanical engineering, and then earned his MBA degree at Harvard Business school. He then joined Pepsi Cola and general motors and other companies, mainly in the field of finance.
Senior experience in the field of finance led to Chen Fuyang's preference for one
"For some supporters, Chen Fuyang is aware of the core business of the company," commented Broadcom Corp Ken Hao member of the board:
The director said that Chen Fuyang was not inferior to the other executives he had seen in intelligence and work ability, and he described Chen Fuyang as too
Chen Fuyang's home in Philadelphia, his three adult children living there. These days, Chen Fuyang continued to fly between Silicon Valley and Philadelphia. Before, Chen Fuyang and his wife to the Massachusetts Institute of Technology and the Cornell University research project about autism donated millions of dollars. It is reported that his two children had been plagued with autism.
In the past, Chen Fuyang lives out of public view, but with huge mergers and acquisitions of more than $100 billion Qualcomm Broadcom, he will face a huge change. Next, let this transaction obtain government regulators, shareholders, customers and Qualcomm board needs the support of excellent political skills, this is Chen Fuyang in the past is not good.
Not long ago, Chen Fuyang made a rare public appearance. In the Oval Office, Chen Fuyang and Broadcom Corp for the Trump administration presented a political gift, announced Broadcom legal sense of the headquarters will be moved to the United States from singapore.
Chen Fuyang later said that this is the first time he met President Trump in the White House, is also the first time.
Facing the challenge of Broadcom's acquisition of Qualcomm in the future, the White House trip is obviously a good start for Chen Fuyang.