Wanjie Technology System

Chapter 538 Samsung Bankruptcy
The Star Group has shown a strong dominance in many fields.

Many companies belonging to the same industry are feeling tremendous pressure.

For example, the mobile phone market, integrated circuit market, chip market and so on.

Before, Apple was cold, Qualcomm was cold, Hynix was cold, Meguiar was cold, and Taijidian was cold...

Samsung Electronics not only operates Samsung mobile phones, but also operates chips and integrated circuits.

They have been struggling for 3 years.

From the beginning of the advent of Xingchen mobile phones, their Samsung mobile phones were cold.After the mobile phone business is cold, they still have chip business, integrated circuit, TV and other businesses.

However, as the Star Group launched the awesome Star Chip, Samsung's chip business fell apart again.

But Samsung Electronics is worthy of being one of the top [-] companies in the world, and it is also supported by the Samsung Group behind them.So they didn't break funding.It can only be hard support.

It can only be supported by businesses such as semiconductor integrated circuits, televisions, and LCD screens.

But not long after, the Star Group launched semiconductors and integrated circuits.Then this big business of Samsung went cold again.

All that's left is the poor TV and LCD business.

But the TV business hardly has any market for them in China.The same goes for the LCD screen.

In the end, after three years now, their capital chain was unable to make ends meet more than a year ago.

Relying on the Samsung Group behind it, there is only an empty shell left.

A large number of debts, a large number of layoffs, the business closure of the three major companies, and the company's stock fell to freezing point.

Such a business has been unable to recover, and there is no profit at all.They have been losing money for a year.

In the end, Samsung Group also had to lose expectations for the largest subsidiary of Samsung Electronics.Even the Samsung Group can't save the largest subsidiary, Samsung Electronics.

Samsung Electronics headquarters.

President Li Jianxi sat at the head of the meeting room.

His expression was a little lonely, a little sad, and a little helpless.

He never expected that Samsung Electronics, one of the top [-] companies in the world, would declare bankruptcy during his tenure!
Yes, parent company Samsung Group has ordered Samsung Electronics to go bankrupt.

"Everyone, today is the day that our Samsung Electronics Company declared bankruptcy. Now, those who read their names in my year can stay in their jobs and go to other subsidiaries of the Samsung Group. If they don't want to stay, they can also resign. As for no I'm sorry for those who read the name." Li Jianxi said in a deep voice.

There are a total of forty or fifty high-level people, large and small, in the conference room.

Although everyone was mentally prepared, they couldn't help crying and disappointed when they heard the news.

"Are you really going bankrupt?"

"We have persisted for so long, we have supported for so long. We thought we would overcome the difficulties. We did not expect that we would still be doomed in the end..."

"We supported it for 2 or 3 years. I don't know how much money we spent. A lot of old capital was exhausted. And the Samsung Group behind it also invested a lot of money. It has survived until now, but it just had to go bankrupt."

"Ugh……"

"Those who read their names still have a chance of survival. Those who don't read their names will be fired. Then they will have to find a new job."

"Song Chengxian, Li Bingjun..." Li Jianxi began to read his name.

Soon, when Li Jianxi finished dealing with this matter.He asked people to announce the bankruptcy of Samsung Electronics.

As soon as the news came out, it immediately spread throughout Bangzi.

At the same time, it quickly spread around the world.

After all, Samsung Electronics is only a subsidiary of Samsung Group.But it is one of the top [-] companies in the world.So fame and attention is very high.

The announcement of bankruptcy today has indeed surprised many people.But not shocking.

Because in the past few years, many people know that Samsung Electronics was forced by Xingchen Group just like Apple!

This is how the world is, the strong prey on the weak!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": A generation of electronic overlord - Samsung Electronics announced bankruptcy yesterday!The person who ended it is the Xingchen Group!
Samsung Electronics is the largest electronics company in Bangzi, and also the largest subsidiary of the Samsung Group.In the list of the 100 most famous trademarks in the world, Samsung Electronics is the only one with a stick trademark, which is a symbol of industry.It once ranked 15th in the world's top 1800, and its annual turnover can reach [-] billion US dollars!
Once, its Samsung phones were comparable to Apple's back then.Samsung Chip is the world's largest chipmaker...

However, such a powerful company was beaten by the Xingchen Group without temper, and even dragged on for 3 years and finally couldn't hold on and declared bankruptcy.

Not even Samsung Group can save them.

The bankruptcy of Samsung Electronics this time is definitely a huge pain and a huge loss for the Samsung Group.

It is equivalent to cutting off a right arm of the Samsung Group!
Because Samsung Electronics is the largest subsidiary of the Samsung Group!
Samsung Group's subsidiaries include: Samsung Electronics, Samsung C&T, Samsung Airlines, Samsung Life Insurance, etc., and its business involves electronics, finance, machinery, chemistry and many other fields.

But Samsung Electronics is the most powerful company. Now that Samsung Electronics has gone bankrupt, although Samsung Group is not seriously injured, it is considered to be seriously injured...

Global Gossip Magazine: With the bankruptcy of Samsung Electronics, Samsung mobile phones, Samsung chips, and Samsung semiconductors will all become past tense and become history...

Qin Hailang, who was far away in Yangcheng, also read the news in his company's office.

When he saw the news, he was not surprised. To be honest, this Samsung Electronics company has survived long enough.At least longer than many companies.

The main reason is that this company is already strong, with a lot of original funds and the support of the Samsung Group behind it, otherwise it would have been as cold as Qualcomm.

"Hey, Samsung Electronics is now bankrupt. It also belongs to the world's top [-] companies. Does that mean that I have completed another special task?" Qin Hailang thought happily.

"Forget it, host." At this moment, Xiaoxin jumped out and said.

"Ding dong... Congratulations to the host for completing one of the super missions, getting 5 lucky draw chances, and getting 100 million mission values!"

Listening to the notification tone of the system, Qin Hailang suddenly smiled.

He had 900 million quest points before, and with the reward of 100 million quest points now, he has 1000 million quest points!

(End of this chapter)