The Genius Grandson Of The Cash King Becomes A Tycoon [EN]: Chapter 144

Nvidia vs. Mobileye

Jeong-hoon was deep in thought, torn between the two companies.

Both were too attractive to pass up.

(Thanks to the rapid development of artificial intelligence deep learning and cryptocurrency mining, GPU [Graphics Processing Unit] demand was about to explode.)

GPUs are optimized for processing data in parallel, making them more efficient than CPUs [Central Processing Units] that process data serially.

The explosion in demand sent stock prices soaring.

But he couldn’t just abandon a golden goose like Mobileye.

Mobileye is a company that develops advanced driver-assistance systems.

ADAS (Advanced Driver Assistance System).

A feature that helps drivers drive safely.

It collectively refers to functions such as forward collision avoidance, rear collision avoidance and warning, and lane departure prevention.

It is developing most of the core functions of future self-driving cars.

Moreover, since it is developing a camera-based autonomous driving system, it has great synergy with Tesla.

Jeong-hoon rummaged through his memories.

Intel acquired this company in 2017.

The price at that time was $15.3 billion.

Roughly 20 trillion won [approximately $15 billion USD] in Korean currency.

It’s clear that it’s not even worth 1 trillion won now.

“Musk, which do you like better, Nvidia or Mobileye?”

“Mobileye, of course. Nvidia will be of more interest to companies researching artificial intelligence, such as Shinhwa Electronics or Apple, rather than to me.”

He nodded.

Now he had to choose.

Mobileye is needed for autonomous driving, and Nvidia is needed to take the lead in the artificial intelligence revolution.

He pondered for a long time, but no answer came.

Jeong-hoon realized that his idea of choosing one of the two was wrong.

He had plenty of money, so why should he choose just one?

Changing his perspective made him feel better.

“Hmm, then let’s acquire both.”

“Yes? Both of them?”

“Both.”

“Are you serious about acquiring both, not joking?”

Jeong-hoon nodded with an indifferent expression.

Musk, who was in front of Jeong-hoon, widened his eyes as much as they could.

Musk looked at Jeong-hoon.

He didn’t look like he was worried about money.

‘Is he young and doesn’t have a concept of money? Or does he have too much money?’

He was squeezing his head like a dehydrator because the image processing speed was not improving.

He was suffering because of Nvidia and Mobileye, who refused technical cooperation.

That man says he will acquire the company that refused technical cooperation.

He is going to acquire both Nvidia and Mobileye, not just one.

He was envious.

‘He lives life easily. The result of his worries is to buy both? Did he even worry?’

There was no negotiation for this man.

Only acquisition, in other words, conquest.

“How is it? If we acquire both, there won’t be any problems, right? Will we be able to commercialize autonomous driving technology in a few years?”

“It may come out a little faster than the existing plan.”

It could come out in about 5 years.

“How many years do you expect?”

“Well, it will take about 10 years.”

Double it for now.

Technology is bound to have unexpected variables.

Achieve the goal within 10 years.

If you succeed within 5 years, isn’t that great praise?

He was praising himself for his excellent business skills.

“I’ll give you 3 years.”

His eyes widened.

For a moment, he thought he had misheard the number.

“3 years? I didn’t mishear, did I?”

“Yes. Finish it within 3 years. Otherwise……”

“Or what?”

“I’ll bankrupt you. A company that has no experience in making mass-produced cars, frankly, is no longer attractive since we have Shinhwa Motors.”

His fingertips trembled, and his heart crumpled like a piece of paper.

“3 years? That’s…… really……”

“Then there’s no choice. I have no choice but to bankrupt you right now.”

“Bankruptcy, not a sale?”

“Yes, I’m a narrow-minded person who can’t stand seeing you succeed elsewhere.”

Musk glared at Jeong-hoon as if he would chew him up.

‘That crazy guy, 3 years? Haa, haa, wow. My fists are crying.’

He calculated in his head.

It seems possible if I work overtime like I eat.

There is not enough time to spend the money I have earned, but the atmosphere is becoming even more insufficient.

“How is it? Will you take on the challenge? Or will you be scared and give up?”

‘What give up? There is no such thing as giving up in my dictionary.’

Musk was furious at the word give up.

“Let’s do it. Instead, if I succeed, 1 billion dollars in stock options!”

1 billion dollars.

It’s definitely unacceptable money.

Then he thought he could extend the period to 7 years.

It was when a smile of conviction was drawn.

“Okay.”

‘What? Really get $1 billion in stock options? ……Haa, he doesn’t even blink an eye.’

Let’s live hard.

If I close my eyes and suffer for 3 years…… I’ll earn 1 trillion won [approximately $750 million USD].

Musk drooped his shoulders and left Jeong-hoon’s room.

***

Jeong-hoon called Lim Cheol-soo, who had completed the acquisition of Facebook.

He planned to entrust him with the acquisition of Nvidia.

“This one doesn’t seem easy? Facebook is a venture company run by young people, but Nvidia is different. It’s a company that is recognized in Silicon Valley.”

“Is that so?”

“I think it would be better for you to conduct the negotiations rather than me. Why don’t you stop by the United States this time?”

“It takes a long time to go through immigration, and it’s too difficult to adjust the flight schedule. I don’t have enough time anyway…….”

“Hmm, I don’t think it would be a bad idea to buy a private jet this time.”

“……I’m thinking about it, but I don’t think I have enough money…….”

“Is money a problem? How much wealth do you have?”

“Well, I don’t know because I haven’t calculated it yet.”

“You can never calculate that. Do you know why? It takes more than a month to calculate, but your wealth increases during that month. What are you worried about with so much money? Buy one this time. Let me take a private jet to Korea.”

He seems to be greedy, but Lim Cheol-soo is not actually the type of person to do that.

He always takes business class, refusing first class because he saves money.

In the end, it’s a suggestion for himself like a son, so there’s no reason to refuse.

If you include the presidents and vice presidents of Shinhwa Group, and even the future financial holdings, the schedule will be full soon even if you buy three.

“Then, please prepare it for me, uncle. I don’t know if I’ll have time to look around.”

“Really? Then I’ll prepare it.”

After hanging up the phone, Jeong-hoon pressed the intercom.

“A flight to San Francisco. The fastest flight, please.”

“Yes.”

***

‘Are these guys kidding me?’

Jeong-hoon regretted not being more specific.

As a result of not adding anything more than business, the front seat was now touching his knees.

How could they handle the chairman’s instructions like this?

He vowed to replace the entire secretariat when he returned.

As he gritted his teeth and stared out the window, the plane took off.

Jeong-hoon drank 10 cans of beer in a row and fell asleep.

When he opened his eyes, the plane had already landed at the airport.

“Are you Chairman Yoon Jeong-hoon?”

The woman blinking her big eyes at him.

It was Cha Boa, whose long eyelashes were attractive.

She’s still a flight attendant.

She’ll be retiring soon.

“Yes, hello. How have you been? No one bothering you these days?”

“Ah…… Yes. It’s been reduced a lot.”

Well, how could they leave that face alone? They would have flirted with her somehow.

Especially the guys with money would have bothered her.

“I’m retiring after my next flight. I was waiting for your call, but you didn’t contact me…… But I felt a little uncomfortable calling the chairman.”

“I don’t make personal calls with women.”

Jeong-hoon put up an iron wall.

He remembered the fiery back smash that Da-hye gave him all over his body when he glanced at a beautiful woman passing by last time.

‘Our Jeong-hoon, if you take your eyes off me one more time, your head will fly off!’

Da-hye’s sweet yet chilling voice rang in his ears.

For a moment, he looked around to check, but fortunately, she was not visible.

“Ah. Yes…….”

She looked disappointed.

“Then have a good trip. I’m at the Four Seasons Hotel in San Francisco.”

She handed Jeong-hoon a business card with her phone number and room number written on it.

That was a big deal. It was the same as his hotel.

Jeong-hoon hardened his face and looked at her.

“Then have a good rest until your next flight. I’ll see you if we have a chance in the future.”

After saying goodbye in a dry voice, he got off the plane.

After going through immigration, Lim Cheol-soo was waiting outside.

“Uncle.”

“Jeong-hoon. Are you tired? But Mr. Hwang is waiting now. We have to have a meeting right away.”

“It’s okay. It’ll be fine.”

Jeong-hoon, who was in the limousine prepared by Lim Cheol-soo, fiddled with the business card in his pocket.

In the meantime, the car arrived at Legend Company.

***

“Hi, Mr. Hwang.”

“Nice to meet you, Mr. Yoon.”

They exchanged polite greetings.

However, there was a slight hostile aura on Mr. Hwang’s face.

“Do you want to acquire our company?”

“Yes, I’ll give you more than the value you’re currently receiving.”

“Do you know how much our Nvidia is worth?”

“Well, Mr. Hwang, you know better than I do.”

“It’s worth 5 trillion won [approximately $3.75 billion USD]. I know you have that much money.”

“But I don’t want to sell my company to a small country like Korea.”

“Why?”

“I’ve seen more than once how Asian companies buy American companies and do whatever they want.”

“That happened in the 80s.”

In the 80s, a Japanese company acquired an American company and, to put it bluntly, made a mess of it.

They ignored Western rationalism and individualism and tried to instill Japanese-style spiritualism and collectivism.

Several well-known companies were shattered into the air.

Anyway, nothing works because of the Japanese.

“Those are Japanese companies. Korea is different.”

“I think Korea, which is smaller and more insignificant than Japan, will be even worse.”

“Shinhwa Group has never operated the companies it has acquired in that way.”

“Everyone says that, but after the acquisition, they start to intervene for various reasons. In particular, they try to put in Confucian culture that doesn’t even work.”

He was of Asian descent but born in the United States, so he hated Confucian values even more.

“We promise we will never do that.”

“No. I came here to tell you this. I’m afraid you’ll keep having false hopes. I have no intention of selling it.”

“Hmm, I don’t feel good about this. Was it necessary to denigrate Shinhwa Group and Korea to this extent?”

“Well, I was just telling the truth. Then I’ll see you next time.”

Mr. Hwang glared at Jeong-hoon with cold eyes and left the office.

Jeong-hoon could only look at his back with pity.

After taking a deep breath and calming his anger, he made a phone call.

He called the president of Shinhwa Electronics.

“Stop all transactions with Nvidia from now on.”

After hanging up the phone, he looked at Lim Cheol-soo.

This time, he also agrees.

His actions of ignoring Jeong-hoon and Legend Company’s pride in Silicon Valley must be held accountable.

***

Jeong-hoon had dinner with Lim Cheol-soo and went to his house.

“Didn’t you book a hotel?”

“Ah, I did, but…… I’m going to sleep here today.”

“Why? Are you scared to sleep alone?”

“Yes. I’m scared.”

“Geez, he’s scared of ghosts.”

Lim Cheol-soo made a new place on the bed and went to his room.

“I’m not scared of ghosts, I’m scared of women.”

Jeong-hoon said to himself.

He had to avoid Cha Boa’s straight-forwardness, who had even given him his phone number and room number.

The pleasure of the moment tempted him, but the fear of Da-hye’s palm was greater.

Jeong-hoon fell asleep while reviewing the private jet catalog that Lim Cheol-soo had prepared.

The next day, Jeong-hoon woke up to Da-hye’s phone call.

“Hey, did you go to the United States in economy class?”

“How did you know?”

“It’s a big deal on the internet that the chairman of a chaebol [Korean conglomerate] is frugal. Wait a minute, I’ll read it to you.”

-Is it true that the chairman of Shinhwa Group took economy class?

-Why is that person so frugal? I respect the chairman.

-Did he go alone with only one carrier without any attendants?

-If you’re handsome and frugal, what are ordinary people supposed to do? Please only take first class, Chairman! Please!’

Da-hye read the embarrassing praise comments.

Jeong-hoon’s face burned with embarrassment.

“Who spread that again?”

“They said it was an anonymous flight attendant.”

Jeong-hoon was puzzled.

Who could it be? When he thought about it, one face came to mind.

‘Is it Cha Boa?’

“When are you coming? Leave today. I have a lot of work to do, so I have to go quickly.”

“Tsk, don’t you want to see me?”

Da-hye whined.

“Actually, I’m leaving today because I want to see you.”

“Really?”

“Yeah, then I’ll see you at the airport when I arrive.”

“Okay, Jeong-hoon. See you later.”

Da-hye, who sent a kiss over the phone, hung up.

Sometimes it’s necessary to tell such sweet lies.

‘Did she really do that?’

He tried to call and check, but stopped.

He didn’t think he needed to know.

Jeong-hoon went to the airport, went through the departure process, and went straight to the plane without standing in line.

Fortunately, this time he prepared first class.

After the plane took off, drink service began.

It was Cha Boa.

“It’s a coincidence, Chairman.”

At this point, it’s a coincidence.

Cha Boa poured wine for Jeong-hoon with a bright smile.

“Did you post it on the internet?”

“I’m sorry for posting it without permission. I wanted to repay you for the help I received last time. Did I make a mistake?”

“That’s not it, but I’m the type of person who is burdened by people’s attention…….”

“Ah, yes. I’m sorry. I just wanted to let people know about Chairman Yoon Jeong-hoon’s extraordinary frugality.”

“I hope this doesn’t happen again in the future.”

“Yes, it won’t happen again. Today is my last flight. I will do my best to serve you so that you are not uncomfortable. Chairman.”

With a bright smile, she treated Jeong-hoon with the utmost care.

She served the finest cuisine and wine.

Thanks to her consideration, Jeong-hoon had a comfortable flight and thanked her before getting off the plane.

“Only good things will happen in the future.”

“Thank you.”

He left the plane, leaving behind her regretful eyes.

He saw Da-hye waiting for him at the departure hall.

After throwing the business card in his pocket into the trash can, he hugged her tightly.

***

‘Nvidia Plummets, Production Resumption Uncertain.’

Mr. Hwang’s Nvidia, who insulted Shinhwa Group and Jeong-hoon.

Jeong-hoon had no reason to do business with him anymore.

So, at the moment when the negotiations with him broke down, he instructed Shinhwa Electronics.

To stop supplying memory semiconductors to Nvidia.

The factory that produced Nvidia’s graphics cards had no choice but to close.

Sales and stock prices plummeted together.

Nvidia’s Mr. Hwang had no idea that Shinhwa Group’s influence was this great.

Wanting to fix it now, he visited Legend Company.

“Please forgive me just once.”

Mr. Hwang pleaded with Lim Cheol-soo.

“Well, it’s not up to me to forgive…….”

“Please let me see Chairman Yoon just once. I’ll be waiting.”

“He’s not here right now. He’s in Korea.”

“I understand. Then I’ll go to Korea.”

After saying that, he ran to the airport.

“A flight to Korea, the fastest one, please.”

“It’s economy class, is that okay?”

“I don’t care.”

Nvidia’s Mr. Hwang chose the fastest flight he could board and departed for Korea.

He had to lick even his toes to survive.

The Genius Grandson of the Cash King Becomes a Tycoon.