I Am the Third-Generation Heir of a Conglomerate - Chapter 493
Only Noblemtl
493. Pranks (3)
The next day.
The shareholders’ meeting was held successfully.
We were able to acquire a much larger stake than Vice Chairman Han had anticipated, and we celebrated with a toast to our victory.
“Thanks to the proactive actions of CEO Jackson Huang, we were able to easily acquire shares from major shareholders.”
“He’s really good at pushing and pulling. His acting skills are better than I thought. That’s why blood ties are important.”
“But is it really true that President Lisa and President Jackson Huang are fifth cousins? I couldn’t even imagine it.”
I only told Vice President Han about the two blood relations.
Because this was something we needed to know in order to understand why Jackson Huang was actively helping us.
“I don’t know whether to say I was lucky or if it was fate.”
“Didn’t you expect this and gather information?”
“I guess I got caught while gathering information.”
This statement was not a lie.
Before the return, there were just rumors going around that the two were related by blood.
However, this was not a confirmed rumor as the blood relationship between the two was not revealed.
So we moved David and Captain Kang to check.
Thanks to Director Cheon Min-jeong scraping information from Taiwanese SNS and portal sites to verify the facts, they were able to quickly find out that they were blood relatives.
“People would be shocked if they knew that two of the biggest names in the GPU industry are related.”
“More important than the public reaction is that we have gained a monopoly on the GPU side.”
“If we add Lisa’s Taewoo Semiconductor to Jackson Huang’s Nvidia, we will definitely be able to monopolize the GPU industry. Of course, it is possible because the market size is not yet large.”
Before the regression, Jackson Huang and President Lisa actually didn’t have a very good relationship.
Their relationship was close to that of competitors, and they had no choice but to keep each other in check.
But this time, things were different. There was no reason for them to keep each other in check, and since they had formed a cooperative relationship, it was clear that the results would be different from before the return.
“To monopolize the GPU market, Nvidia needs to increase its stake even more than it has now.”
“The stake I currently own amounts to 65%. In addition to the existing 30% stake, I acquired a 25% stake through paid-in capital increase and a 10% stake from the major shareholder.”
“It also means that 35% of the shares are still in the market. Nvidia’s stock price is at a low, so keep buying stocks.”
With a 65% stake, it was virtually no different from a subsidiary of Taewoo Group.
Although the final decision-making authority lies with the board of directors, a 65% stake gives them the power to put anyone they want on the board.
But I had no intention of intervening too much.
I just thought about moving to the extent that I could coexist with Taewoo Group.
If NVIDIA and Taewoo Group could grow together, there was no plan to interfere with how Jackson Huang managed the company.
“Buying stocks is easy. But the problem is the large-scale GPU manufacturing plant. There are a lot of things to consider when building a $20 billion plant.”
“Securing the land will be a problem first. Design it so that the factory can be built near a semiconductor city. And of the $20 billion, $10 billion will be built in Korea and the remaining $10 billion will be built in the United States, so we need to secure a site for the factory in the United States as well.”
If only I had my way, I would have built a factory only in Korea.
But if that were to happen, there was no way President Trump, who shouts “America First,” would stay still.
That’s why they had to build factories equally in Korea and the US to avoid pressure.
“It is possible to build a GPU factory worth $20 billion, but can the factory operate properly? GPU demand would have to increase by at least twice from what it is now, but that is not a loss.”
“Don’t worry. Taewoo Group alone can handle this scale. Taewoo Electronics, Taewoo Automobile, and even the Artificial Intelligence Center. We are all working on projects that require GPUs.”
There was absolutely no need to worry about GPU demand.
Rather, it felt like the timing of the factory expansion was late.
Because industries like AI, autonomous driving, and Bitcoin are more likely to grow explosively even before the new factory is completed.
***
US President Trump.
Being the president of the world’s largest country doesn’t mean you don’t have time to relax.
He enjoyed playing golf for his health, and would often play with several people on the course.
Naturally, many people competed to play golf with Trump.
After such fierce competition, a man named Jonas Viant was chosen as today’s partner.
“Nice shot! That was a hot swing.”
“I guess it’s because I like my running mate, but my swing is so smooth today.”
As we wandered around the field, we quickly became close friends.
Plus, President Trump felt unusually light on his swing today.
As a result, a good atmosphere was created and we were able to talk to each other without awkwardness.
“You said you were the chairman of the foundation?”
“I serve as the Chairman of the Qing Dynasty Bondholders Foundation.”
“Qing Dynasty bonds? Heh heh, that’s a lot of hard work.”
“I am in charge of the foundation with a patriotic heart. China owes us more than $1.5 trillion! If we give up, wouldn’t China be forgiven of its huge debt?”
It was President Trump who brought up the subject simply to ask how things were going.
But, as I listened to what Chairman Bianth had to say, my interest was piqued.
“Are the Qing bonds worth that much?”
“I think we should actually get more than that. The minimum is $1.5 trillion. It’s Qing bonds that are worth more than the U.S. bonds that China holds.”
“It would be nice if I could just receive it.”
“There is ample justification. In exchange for the return of Hong Kong, China has already repaid Britain over 20 million pounds.”
Is there already a precedent?
President Trump has begun to show greater interest in Qing Dynasty bonds.
I even threw away my golf club and had a long conversation with Chairman Bian.
***
A month later.
A lot has happened in just 30 days.
The United States and China have been locked in a fierce battle for hegemony, and today, additional tariffs have finally been imposed.
“The U.S. government has raised tariffs on $200 billion worth of Chinese intermediate goods.”
“It’s going as expected. How will China react?”
“As if they had been waiting, they raised tariffs on over 5,000 items. But the scale is much smaller. It’s only $60 billion.”
$60 billion sounds like a small amount.
The United States was putting that much pressure on China.
China was catching up at a pace that was difficult for it to keep up with, and just looking at the scale of the tariffs, it seemed like the U.S. was in an overwhelmingly advantageous position.
“From China’s perspective, it is no longer possible to retaliate with tariffs. The U.S. imports over $500 billion worth of Chinese products, so it can raise tariffs on a large scale, but China imports less than $150 billion worth of U.S. products.”
“I guess it’s a situation where you can’t impose additional tariffs even if you want to.”
“How can you impose tariffs on more than $200 billion worth of U.S. exports when the total amount of U.S. exports is less than $150 billion?”
“Then I guess I’ll have to take out another card.”
The tariff war was structured to the advantage of the United States.
The United States imports over $500 billion worth of goods from China.
Because China was only importing less than $150 billion.
Of course, it was definitely not on a scale that could be called small.
But it was a fight that we couldn’t help but lose because our opponent was the United States.
“China is expected to sell off large amounts of US Treasury bonds.”
“In the end, I guess there’s nothing left but the bond card.”
“Although we are appealing for international help, the atmosphere is not very good.”
“Just looking at the Hanhan River, there is no reason to appeal for international help.”
“So, there is a move to rely on the bond card. The amount of US Treasury bonds being released into the market has increased since last month, and it seems that this additional tariff measure will lead to an even larger amount of US Treasury bonds being released.”
China also held some cards.
Among them, U.S. bonds could be the most powerful card, so they had to be taken out carefully.
“Are you digesting all the bonds well?”
“As soon as China dumps US Treasury bonds, the Financial Tower is buying them. In fact, we thought about digesting them first in the market and having the Financial Tower buy only the remaining amount, but in order to make a real splash, we think it would be better to move aggressively, so we are moving preemptively.”
It wasn’t a bad choice.
If the financial tower had preemptively purchased US bonds, the value of the bonds could have been preserved.
That way, we could properly impress President Trump.
“You’re doing well. Please continue to buy like that in the future.”
“But I heard a strange report from David. He said that Republican politicians are working on a bill to redeem the Qing bonds.”
“It seems the White House is also planning to use the Qing bond card.”
As expected, the flow of time has not changed.
Even before his return, President Trump had pulled out the Qing Dynasty bond card.
Although it was an absurd strategy, it was clearly a means of pressuring China.
“If the bill is passed, the value of Qing bonds will rise.”
“There are already signs that the price of Qing bonds is rising slightly. If the White House or the Republican Party really insists on repaying Qing bonds, the price of bonds could rise by more than ten times from where they are now.”
If it could be redeemed, it would be worth more than $1 trillion.
So it was quite possible that the price of a Qing bond worth around $100 would rise to over $1,000.
Of course, it was something that had no possibility of being realized.
Even if China had a lot of money, it would never be able to repay its Qing bonds worth over $1 trillion.
Moreover, the economy was showing signs of being shaken by the aftereffects of the trade war.
China was in a situation where it had to invest even its own pocket money to recover the economy, let alone repay Qing Dynasty bonds.
“Since Qing bonds are unconditionally disadvantageous to China, they can be used in the United States without any burden, but no one will really believe that they will be repaid.”
“I think so too.”
When I was talking to Vice Chairman Han about Qing Dynasty bonds.
I got a call from David.
David usually called the vice president only at a set time, so a call at this time meant that something had happened.
“What’s going on at this hour?”
[Boss? You were next to me. I finally asked in China. Secretary Li Gang sent me a message saying he wanted to meet the boss as soon as possible.]
The second tariff bomb exploded today.
China also imposed retaliatory tariffs, but the difference in scale was too great.
So, we had to find all possible means and methods in a hurry, and one of them was Taewoo Group.
“Did China notice that we were digesting US Treasuries?”
[It seemed like they had some idea. Honestly, how many places other than the financial towers could handle that amount of stuff?]
“I’m glad to hear from you. Tell him I’ll see you in Hong Kong this week. There’s no better place to talk about finance than Hong Kong.”
[I was about to fly to Hong Kong today. I’ll send it to you right now.]
Now is the time to negotiate with China.
If we could obtain a financial license guaranteed by the Chinese government, we would be able to realize huge profits without worrying about what the United States or China would think.