Chapter 441: A Large Number of Companies Go Bankrupt
Chapter 441: A Large Number of Companies Go Bankrupt
"Hehe, I'm definitely going to eat the cake of the pharmaceutical industry!" Xiao Jun sat in front of his office in the Yinhe Building, watching the news on the computer, and laughed.
At present, the total revenue of the global pharmaceutical industry has exceeded 1 trillion US dollars, and it will further increase in the next few years. Among them, the world's top ten pharmaceutical companies are the main giants, such as Johnson & Johnson, with an annual turnover of more than 70 billion US dollars, Bayer Pharmaceuticals, with an annual turnover Amount of 51.4 billion US dollars, Ruohua Pharmaceutical, 49.4 billion US dollars...
In the next 2 years, Xiao Jun just wants to kill these top ten companies, and then step by step become the overlord of the world's number one pharmaceutical company. In a trillion-dollar market, why would he want to steal $500 billion?
Time flies, half a year passed quietly.
In the past six months, many major events have happened in the world. Among them, what Xiao Jun is most concerned about is that his competitors cannot survive bankruptcy or layoffs one by one.
On June 4, Intel had no choice but to declare bankruptcy. It owed 50 billion US dollars to the bank and was unable to repay, and more than 100,000 employees of the company became unemployed.
On June 10, Samsung Group announced that its subsidiary, Samsung Electronics, would close its mobile phone business and semiconductor business, leaving only LCD screens, TVs, home appliances and other business departments, laying off 190,000 employees.
On June 27, SK Group announced that it would stop providing funds to its subsidiary Hynix and declare its bankruptcy. Hynix Semiconductor officially declared bankruptcy, and 120,000 employees lost their jobs.
On June 30, IMB announced the layoff of 150,000 employees.
On July 2, Broadcom declared bankruptcy, and 10,000 employees of the company were displaced.
On July 10, Texas Instruments announced the closure of its semiconductor business and 18,000 layoffs.
On July 17, Toshiba Corporation announced the closure of the semiconductor business unit and layoffs of 50,000.
On August 1, Microsoft announced that due to poor sales for half a year, it had to lay off employees. If Microsoft's computer system market lost more than 70%, this is the second layoff, and it decided to lay off 13,000 employees.
On August 4, Meidi Financial Investment Co., Ltd. declared bankruptcy.
On August 10, Raibert Financial declared bankruptcy.
On August 20, ExxonMobil announced layoffs, this time 20,000.
On August 28, Chevron announced that it would cut 18,000 jobs.
On September 2, Suzuki Group announced that it would close its automobile business, focus on its motorcycle business, and lay off 50,000 employees.
On September 18, General Motors announced the second layoff. This time the layoff was larger than the previous one, with 30,000 layoffs.
On October 4, Ford Motor Company announced its second layoff, this time by 23,000.
On November 4th, Apple announced its first layoffs. This time, the number of layoffs was huge, reaching 40,000!
In the past six months, the companies that have closed down the most are still companies related to the semiconductor industry, the mobile phone computer industry, and the communications industry. Among them, semiconductors account for the most. The rest are either bankruptcy or massive layoffs.
Originally, Yinhe Group has been rising in the semiconductor industry for more than 2 years, so this batch of semiconductor companies is almost the last batch of companies to go bankrupt. Those small and medium-sized companies went bankrupt more than a year ago.
Take Samsung Electronics as an example. Samsung Electronics is backed by the Samsung Group, which is a consortium. If it weren't for Samsung Electronics being backed by the Samsung consortium, it would have gone bankrupt a long time ago.
Even now, Samsung Electronics has not closed down, but it has to close the semiconductor chip department and the mobile computer department. Because Samsung mobile phones can't be sold, and Samsung's semiconductors can't be sold either. So it had to be closed, and only Samsung TV, Samsung LCD screen, home appliances and other departments could be kept.
Back then, Samsung Electronics was one of the top 20 companies in the world's top 500 companies, but now it has suffered a severe blow!
There is also Hynix, which is backed by the SK consortium. If the SK consortium hadn't had the heart to watch this subsidiary go bankrupt this year, it has always been tilted by various resources and supported by various capital chains. It went out of business a year ago along with Micron.
You know, in terms of memory card chips, Micron and Hynix are on par.
But Micron was not covered by big bosses, so it went bankrupt early.
And Hynix persisted for another year, and the SK consortium saw that there was no hope of saving it, and finally let it go bankrupt. I can't afford to lose any more.
Anyway, this batch is the last semiconductor company.
As for other large and small semiconductor companies, they almost all went bankrupt a year ago, such as Gigabyte, Sapphire, Nvidia, Renesas Electronics... and dozens of large and small semiconductor companies.
The current Galaxy Group, in the field of semiconductors, occupies 95% of the global market share and dominates the world.
In the past few months, almost all companies in the semiconductor, communication industry, computer and mobile phone industries went bankrupt and laid off employees.
Later, many financial companies went bankrupt.
These financial companies are all influenced by Galaxy Group's new energy industry. They failed to invest in the oil stock market, and it is estimated that many large and small financial companies have closed down around the world. In addition, the gold stock market almost collapsed more than a year ago, the price of gold dropped sharply, and a number of financial companies were also eliminated and closed down more than a year ago.
Of course, not to mention those bankrupt retail investors, there are so many! How many stockholders went bankrupt because of speculating in the gold stock market and the oil stock market!
In addition to semiconductors, computer and mobile phone software, and communications industries, many companies have been driven to bankruptcy by the Galaxy Group, and layoffs have been laid off. And those financial companies, oil companies. In the past six months, the stock markets of large and small oil companies around the world are still sluggish. With the construction of more and more Galaxy reactors, the global electricity bill is getting cheaper and cheaper. Countries demand less oil. Especially China!
As a result, the overall oil industry is struggling to move forward, causing these oil companies to lay off employees in various ways!
The rest is the automotive industry!
Due to the influence of the sales of various new energy vehicles, trucks, and buses in the BYD Automobile Company under the Galaxy Group, the sales of many traditional automobile companies continued to decline for more than half a year.
This has led to these traditional car companies having to lay off workers!
There is no way, the backlog of produced cars, the sales volume has not increased but decreased, and it has lasted for more than half a year, so we have to lay off staff!
If you don't lay off employees, you will lose money.
The poor sales of traditional cars has indirectly had a huge impact on the oil industry. Anyway, the two brothers, the auto industry and the oil industry, have hugged each other to keep warm this year, crying non-stop!
Among these many companies, one-third of them are companies from the United States.
Like Apple, Intel, General Motors, Chevron...