- 2018-09-26
Broadcom
The reputation of being received by Trump in a high-profile interview For laymen in the semiconductor industry, it is likely that they have never heard of the name Tan Hock Eng, because he rarely receives media interviews and rarely appears in the public eye; he does not The public accounts of social networking sites and related introductions on the Internet are so pitiful that they don’t even have Wikipedia page cards.
Most of the time, his name will only appear in Bloomberg's executive profile and Broadcom trading news. But it is such an extremely low-key technology industry "big man" who recently received an interview from President Trump of the United States and announced that he would move the headquarters of Broadcom from Singapore to San Jose in Silicon Valley. , Immediately made Chen Fuyang's fame.
When Trump announced on November 2, 2017 that Broadcom’s headquarters in Singapore had moved back to the United States, he not only invited Broadcom’s helm Chen Fuyang to attend the White House press conference, but also invited him to speak for 5 minutes after him. This move can be described as “the President Level treatment".
Chen Fuyang mentioned in a speech at the White House: "My mother would never have thought that her son would stand here side by side with the President of the United States one day." Trump, standing behind, interrupted with his shoulders in both hands and said: " My mother would never have thought of it!"
At present, Chen Fuyang's net worth is very strong, because the total assets of Broadcom under his leadership reach 100 billion US dollars. According to Broadcom's 2016 financial report and shareholder proxy statement (Proxy Statement), the 64-year-old chief executive officer (CEO) Chen Fuyang's 2016 salary has reached 24.69 million U.S. dollars, of which 10.11 million U.S. dollars is the base salary.
Broadcom is an international supplier of electronic semiconductor technology products. It is worth mentioning that the chief executive officer who leads this semiconductor giant is said to be from Padang Tembak, Penang, who was once labeled "disorganized". In the slum area, I once lived in the area of Sungai Ara.
Poverty and success to build a family from nothing
According to the information, Chen Fuyang was born in Penang in 1953 and studied in the Great Britain. Chen Fuyang came from a poor family, but his academic performance was high, and he was awarded a scholarship to study in the United States. He is an entrepreneur from scratch.
Chen Fuyang also slightly mentioned his past when speaking at the White House. He said: "In 1971, I was 18 years old, a thin boy, but got a chance to go to the Massachusetts Institute of Technology (MIT), which is known as the top engineering school. My parents did not have the money to send me to the college. Don't talk about MIT. I still feel unbelievable. American educational institutions not only give me the opportunity to enter a higher education, but also give me scholarships, allowing me to chase my American dream."
From 1983 to 1988, he served as the managing director of Ken Industry. Then from 1988 to 1992, he was transferred to the managing director of Pacven Investment, a Singapore venture capital fund.
In addition, from 1992 to 1994, he served as the Vice President of the Finance Department of Commodore International. It is worth mentioning that he has also held senior management positions at Pepsi and General Motors.
Chen Fuyang was the president and chief executive officer of Integrated Circuit Systems from June 1999 to September 2005; and then from September 2005 to January 2008, he served as Integrated Circuit Systems (Integrated Circuit Systems). Device Technology) Chairman of the Board of Directors.
He has served as Broadcom's president, chief executive officer and director since March 2006.
Broadcom also announced in September 2017 that it will start building a new plant in the Batu Kawan Industrial Zone in Penang. They expect that the export value in 2018 will reach US$16 billion, accounting for 8% of Malaysia’s total export value. This achievement will allow Broadcom to rise to become Malaysia's largest exporter.
Broadcom has 1,100 employees in its Penang Island company. According to sources, Chen Fuyang has never appeared publicly in Penang and was called an invisible rich man by his employees.
Bidding for more than 100 billion US dollars plans to acquire Qualcomm
According to reports, Broadcom, led by Chen Fuyang, is currently considering a bid of more than US$100 billion to acquire rival Qualcomm, which will be the largest acquisition of a chip company in history.
Qualcomm's customers and partners include world-renowned manufacturers of mobile phones, tablets, routers and systems, as well as the world's leading wireless operators. Qualcomm is committed to helping all members of the wireless industry chain succeed.
Adhering to the consistent spirit of innovation, relying on technological innovation and progress, Qualcomm continues to lead the evolution of 3G, 4G, and next-generation wireless technologies. While promoting the development of the wireless communication industry, advanced wireless digital technologies can better benefit mankind.
Therefore, the news of the acquisition shocked the global technology industry. According to media reports, Broadcom proposed to acquire Qualcomm for $70 per share in cash and stock, with a total transaction value of $130 billion.
Once this transaction is successful, it will not only be the largest M&A case in the history of the global semiconductor industry, it will also create a giant that dominates many chip fields, and may even directly affect the supply chains of the two major smartphone giants, Apple and Samsung. Shock.
Chen Fuyang is an active acquirer
In fact, Chen Fuyang is an active acquirer and has played an important role in the integration wave of the semiconductor industry in the past three years. Chen Fuyang said that he intends to seek more deals, but this strategy may be restricted by US regulators.
Broadcom was established after Avago acquired Broadcom for US$37 billion in 2016. Through a series of subsequent acquisitions, the company has gone from a Hewlett Packard (HP) division to the largest in the industry. One of the leading wafer manufacturers.
Broadcom is Apple’s main supplier, and the company said in November 2017 that it would move its headquarters back to the United States from Singapore. The company has listed San Jose, California as the corporate joint headquarters. Analysts believe that if the two companies merge their businesses, they will benefit from great synergies. Qualcomm is one of the world's largest modem chip manufacturers and a supplier of Apple's iPhone and iPad; Broadcom is one of the world's largest Wi-Fi chip providers.