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two days later
Wang Yaocheng flew to Yanjing City earlier than planned and met a depressed Dong Mingzhu at the Royal Family Fund headquarters, looking extremely tired and frustrated.
She spent several days running around Yanjing City, handing in materials, but found nothing.
"Chairman, on this important matter, shouldn't you come out and appeal? The effect will be much better than those of us hitting the wall everywhere. Don't you know how I am suffering in Yanjing City these days? These people usually attract investment.
What he said was better than what he sang, but when the critical moment came, no one was there." Dong Mingzhu, who has a strong personality, had a look of dissatisfaction on his face.
"Don't be impatient! Sit down and chat first."
"How could I not be impatient? The Yellow River Technology Group's targeted suppression strategy in recent years has paid billions of dollars worth of actual benefits in order to reshuffle the LCD panel field. Once the market picks up, the opportunity will no longer exist!"
With such a big thing, everyone feels a lot of pressure.
Dong Mingzhu had two dark circles under her eyes and her face turned red with anxiety. It was obvious that she had not had much rest these past few days.
"Don't be impatient. I am extremely sorry. All the fish in the pond have been fattened up and are about to be fished. Haha... they have all been let go. What can you do?" Wang Yaocheng looked quite worried.
For peace.
"Chairman, I don't believe it. With your heavyweight status in the world's financial community, no one will listen to your letter to the boss. Maybe things will turn around. After all, this is our Huanghe Technology Group's hard work for more than three years! Once
Give up and let it all go to waste.”
Wang Yaocheng shook his head decisively and rejected it; "No, that is not good."
"But... Chairman, once the opportunity is missed, it will never come again!"
"That won't work either. Leaders look at the problem from a higher perspective. We should not dwell on the loss of one city or one place, but should look to the future." Wang Yaocheng has decided not to dwell on it anymore, let alone write a letter to complain about it. Let the facts speak for themselves.
For business operators, following the trend is the way to go.
Since the Internet high-tech bubble burst in early 2000, the international market has suffered heavy losses and has been unable to recover. Europe and the United States have fallen into the swamp of economic recession, and consumption has shrunk sharply.
In view of this
Yellow River Technology Group seized the opportunity and strategically raised its price butcher knife to hit the LCD panel market, causing a bloody storm.
There are two purposes:
On the one hand, consider using the group's cost and technological advantages to expand market share and gain competitive opportunities.
On the other hand, it prompts the market to reshuffle and drives competitors to a dead end.
Only when the general environment cooperates can "price war" achieve twice the result with half the effort.
The pertinence is very clear and the effect is significant.
Today, the world's LCD panel industry is starving and struggling on the edge of life and death.
But since 2002, the European and American economies have gradually emerged from recession and are showing signs of recovery.
The world market's demand for high-end LCD screen color TVs, LCD computers, mobile phones and other electronic products is growing rapidly. Japanese, Korean and Taiwanese panel manufacturers have significantly reduced production capacity despite huge losses. The supply and demand relationship determines that international panel prices have the urge to rise.
In this case;
Huanghe Technology Group has found it very difficult to suppress the price of the LCD panel industry. Dong Mingzhu knows how much it has to pay.
On the one hand, they are desperately increasing production capacity to provide a large number of products, and on the other hand, they are severely suppressing prices, making it difficult for them to rise and fall short of success.
behind this
It is the company that is burdened with huge debts and produces a large number of products without the benefits it deserves, all in order to reshuffle the LCD panel market.
According to the current situation;
If we persist for at most three to two months, we can knock down the dominoes, establish the absolute dominance of Huanghe Technology Group in the market, and wipe out some small and medium-sized LCD panel manufacturers.
At this time, such an attack from China really disrupted a good situation and made all previous efforts in vain.
Wang Yaocheng said, "I have learned through some channels that the leadership's actions are in line with major domestic policies. They are a foregone conclusion and cannot be changed. What we have to do is to clean up the mess and reduce losses as much as possible."
"Is there nothing you can do?"
Wang Yaocheng shook his head silently and couldn't help but take out a cigar. Seeing the lady there, he thought about it and put it on his desk.
"You can smoke if you want. I'm used to being smoked by you smokers."
"Then I'll be really pumped!"
Dong Mingzhu said angrily and funny;
"Chairman, please stop being pretentious and slap your face. Our Yellow River Technology Group has brought this matter to my heart. I feel uncomfortable in my heart. I haven't slept well these past few nights. When I got up in the middle of the night, I always felt...
It’s so blocked, how can we get this thing out of the way?”
Wang Yaocheng lit his cigar, letting the rich and fragrant smoke drift around, and responded lightly;
"Just think that good things come to you in vain, that's how life is supposed to be!"
"I never believe in fatalism. Destiny is in your own hands and you can change it as long as you work hard. What I fear most is using fate as an excuse to give up the fight. I lose the confidence to fight and use this as an excuse to escape."
"Well……"
Wang Yaocheng's casual words triggered a lecture from Ms. Dong Mingzhu. I really felt like I couldn't laugh or cry, so I could only take another puff of cigar.
Dong Mingzhu also discovered his own problem and couldn't help showing a long-lost smile; "Chairman, I'm not talking about you."
There really is no three hundred taels of silver here, so why not explain it.
Wang Yaocheng changed the subject; "You have been active in Yanjing City during this period, and the information you heard is accurate. When will the panel purchasing group leave for Taiwan?"
"Probably within this week, home appliance manufacturers from all over the country are gathering in Beijing one after another, and they have to go through the procedures for leaving the country. It will take four or five days anyway."
"Um!"
Dong Mingzhu saw that he said "hmm" and stopped talking, so he picked up the topic and asked again:
"Chairman, when you said to clean up the mess and minimize losses, do you mean to relax price suppression?"
Wang Yaocheng nodded;
"We can make a small opening first. Japanese, Korean, and Taiwanese panel manufacturers are staring at us with good eyes. We will feel it if we make the slightest move, and we will definitely take action. We must start and finish everything. We will not be the first to raise prices, just follow the trend, and continue.
There’s no point in suppressing it.”
"Is there anything else? I guess you have another next step."
"Miss Dong! I can't hide anything from you."
Wang Yaocheng took another leisurely puff on his cigar and exhaled light cyan smoke; "President Huo Jiaguang has been in contact with the American boss behind Samsung Electronics in New York and is preparing to acquire the assets of the LCD business unit."
Dong Mingzhu pouted and said dissatisfiedly, "Oh, I've been eyeing Samsung for a long time. Even LG is better than him. You are the boss and have the final say. No matter how small a mosquito is, it's still meat!"
"Hahaha... such a loud tone."
Wang Yaocheng couldn't help but laugh. He knew what Dong Mingzhu meant:
It’s not that she thinks the scale of the merger is too small, but that the acquisition of Samsung’s LCD division will not do much to boost Yellow River Technology Group.
Samsung LCD Division has several second-generation, third-generation and fourth-generation lines, with a production capacity accounting for about 6.3% of the world market, and the sales price is not cheap.
In comparison, LG has finally launched a fifth-generation line, and its production capacity is much larger than Samsung's.
When acquiring Samsung's LCD business, if it has nothing or is a domestic LCD panel company that has just started, such as BOE, there will be a big gap between the technical level and foreign advanced levels.
Not to mention spending US$6 billion on mergers and acquisitions, no matter how much money is spent, it is still worth it.
Because this will greatly improve BOE's technical level, instantly bridge the technology gap of more than 10 years, and gain access to valuable production capacity supply markets, laying a solid foundation for further strengthening and expansion.
Samsung Chairman Lee Kun-hee attaches great importance to research and development. Despite the limited funds, he still allocated US$369 million in 2001 to maintain the research and development level of the LCD scientific research team.
Therefore, Samsung LCD Division has extremely strong R&D capabilities.
The affiliated R&D centers in Seoul, Jeollanam-do and Gyeongheungbuk-do closely follow the world's advanced technology, conduct research on related topics, and have a number of high-level patents.
The technical level is only slightly inferior to Huanghe Technology Group, Sharp Corporation, and Sony Corporation. It is basically on the same level as LG and Fuso Aisin Seiko. It is in the second camp of technology and has a higher technical level than Taiwanese panel manufacturers.
The same merger and acquisition would seem useless in front of Huanghe Technology Group.
Dong Mingzhu has a reason to look down on Samsung LCD.
Huanghe Group's two most advanced fifth-generation LCD panel production lines were put into operation in 2002 and can produce large-sized LCD panels for the market.
For Samsung Group's two fourth-generation lines and other three-generation second-generation lines, they are one generation ahead in technology.
Moreover, the research and development of the 6.5-generation line planned by Huanghe Technology Group is progressing smoothly, so it does not attach much importance to Samsung's assets.
Instead of wasting money on mergers and acquisitions, it is better to build a 6.5-generation line under research and development.
Samsung's backward production capacity, technology that is not advanced compared to the group, and high prices all together constitute this tasteless deal.
This is what Dong Mingzhu meant, and Wang Yaocheng understood it instantly.
But he couldn't tell everything in his heart, so he just smiled indifferently.
Li Jianxi is not a mortal, and he cannot treat a lion like a dog, otherwise he will suffer big losses.
Being able to squeeze out 369 million U.S. dollars under extremely difficult circumstances to maintain the research and development level of the LCD panel research team shows how ambitious it is.
Wang Yaocheng knew this man's dormant ambition, and he was courageous and ruthless enough:
Li Jianxi never gave up on the LCD panel business. He postponed investment due to operating pressure, and once he regained his composure, he would pursue it frantically.
in the original history
In order to catch up with TSMC in the chip foundry field, Samsung Group once launched a technology development plan of up to 110 billion US dollars, which can be said to be a huge investment.
Samsung Electronics once made a crazy investment in four 6.5-generation LCD panel production lines within one year, with an investment of up to 26.5 billion U.S. dollars, and the explosive growth of production capacity occupied the market.
Maintaining the research and development capabilities of LCD panels that track world standards is Li Jianxi's biggest trump card.
so
For Wang Yaocheng;
Even if it is just to interrupt Samsung Electronics' development of LCD technology, it is worth spending US$6 billion.
This enemy is very persistent and the explosive force is terrifying.
This is a U.S.-funded company disguised as Korean capital. Once it takes off, it cannot be suppressed. This small pond on the Korean Peninsula cannot breed a real dragon. It is purely the illegitimate child of the American people.
Samsung has the support of a US-funded consortium. As long as its products are produced, it can enter the world market unimpeded. There are no obstacles or barriers. It must be taken seriously!
It's hard to tell everything about Wang Yaocheng's calculations.
Then he changed the topic and said: "The news about success or failure will come out soon, which is a matter of two or three days.
You must be prepared to send people to take over Samsung's LCD Technology Research Institute to prevent them from hiding my secrets. The scientific and technological personnel will filter the employee roster one by one, and all major scientific researchers who have abnormally resigned will be investigated clearly. This is very clear.
Don't let up.
The company has also organized a professional technical team to screen the registered patented technologies, and the work must be more detailed..."
From the chairman's careful instructions, and relying on a woman's keen sixth sense, Dong Mingzhu was able to hear Wang Yaocheng's fear of Samsung. While secretly amazed, she did not dare to take it lightly.
"Our group will deploy elite soldiers and generals, and we will comb through them as carefully as through a sieve. No valuable patents and scientific and technological personnel will be missed. I will personally preside over this work and can issue a military order to the chairman of the board."
"That's good. Your work has always been meticulous and serious. I feel relieved to leave it to you."
…
The two discussed it carefully for a long time, and Dong Mingzhu was in a much better mood when she left.
She also thought clearly:
Since you know you can't do something, why bother yourself?