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Chapter 742 Steady, accurate and ruthless

Producing the soundtrack for "The Lord of the Rings" is not a difficult task for Xiao Qian.

The soundtrack used in "The Lord of the Rings" is all in his mind and can be copied.

The National Symphony Orchestra is extremely serious about this matter. If they knew what Xiao Qian was thinking, they wouldn't know how depressed they would be.

In the process of making the soundtrack, Xiao Qian focused more on the preparation of Starlight Technology.

After many days of inspection and the government's preferential policies, Starlight Technology's headquarters finally moved into the Beijing Economic Development Zone, becoming a neighbor to BOE.

Wang Dongsheng is the most enthusiastic person about OLED development.

Originally he was walking alone, but now that he has Xiao Qian as a confidant, Wang Dongsheng finally feels that he is not alone in his path and is full of motivation.

"Scientific researchers from Changhong, Panda, and Hisense companies have been sent over, but they have clearly requested that these people will only participate in LCD research. Their vision is really..."

Wang Dongsheng resisted the urge to say harsh words, but the meaning was already very clear.

It has been made clear that OLED is the only direction in the future.

As a result, these companies are only willing to invest in the research and development of LCDs, turning a blind eye to the more promising OLEDs.

"Haha, do you really think there is something wrong with their vision?"

Xiao Qian was as bright as a candle and saw everything clearly.

"Do they have a deeper purpose?"

Xiao Qian shook his head, his expression was the same as Wang Dongsheng's, he felt a little resentful that iron could not become steel.

"Their thoughts are not profound. It's just because LCDs can be monetized faster and allow them to recover capital faster, so they are willing to invest. As for OLEDs, since we have already said that within ten or eight years

There may not be any results, and of course they are not in a hurry. Anyway, if they don't participate, we will still carry out research and development. By then, they can completely inherit our research and development results, once and for all, without delaying the market share."

Wang Dongsheng suddenly realized it and laughed out of anger.

"They have made a good calculation. Are they afraid of stealing the chicken but losing the rice? Why don't we share the results with them when OLED is developed in the future?"

Xiao Qian quickly stopped him.

"They have invested, so it doesn't make sense not to share. Besides, if we don't share the results with them, how can our investment turn into benefits?"

Wang Dongsheng scratched his head and realized that he was a little confused because of his anger.

Although these TV companies have not participated in the research and development of OLED, the investment of tens of billions is real.

Whoever invests will benefit, this is what was agreed upon at the beginning.

Starlight Technology does not produce, BOE only makes panels, and the final products still have to be sold to these companies.

"For the research and development of OLED, I intend to divide it into two departments. One specializes in small screens and the other specializes in large screens."

Although OLED is a general term for panel technology, there is still a big difference between small screens and large screens.

Small screens are mostly used on mobile phones and computers, while large screens are mostly used on televisions and super large displays.

Samsung specializes in developing small screens, while LG specializes in developing large screens.

There is no domestic company of the same size to help Starlight Technology share its R&D tasks, so the only thing that can be done is to split the R&D team.

Fortunately, Starlight Technology's R&D team has many talents and abundant funds. It is not smaller than Samsung and LG combined, so it is not afraid of making too big a step.

Xiao Qian successfully persuaded Wang Dongsheng.

After all, tens of billions of R&D funds were obtained for nothing, so it shouldn’t be of much help to BOE.

"Based on the information you provided, I conducted detailed investigations during this period. I found that Korean companies have made considerable progress in R&D, and their investment in R&D is almost gambling. Whether it is Samsung or

LG, all have other industries to provide support, but none of our companies can do it."

Of course Xiao Qian understood what Wang Dongsheng was talking about.

Samsung, LG, Hyundai, etc. are all chaebols in South Korea. In any industry that can make money, these chaebols almost have sizable industries.

Isn't there a saying that goes well...

Koreans cannot live without Samsung from birth to death.

It is precisely because there are other industries that are constantly making money that Samsung can invest in research and development regardless of cost.

It can be said that under such a comparison, neither BOE nor other companies can be Samsung's rivals.

But the future of OLED panels is obvious. No Chinese practitioner would be willing to hand over this market to Samsung.

"The only thing we can do now is not only to speed up research and development, but also to find ways to obtain more OLED technology."

Xiao Qian understood his intention immediately.

"Do you want to acquire related businesses of other companies?"

Wang Dongsheng was amazed and couldn't help but give him a thumbs up.

"The one who knows me is Mr. Xiao."

Industrial acquisition is definitely one of the best ways to speed up technology research and development.

If you can't beat it, buy it. This sentence will be more than just a joke in the future.

"But for acquisitions, you still need to choose the target carefully, which may take a long time."

It's time-consuming and labor-intensive, what Xiao Qian hates the most is this kind of situation.

"I suggest that BOE can acquire Hyundai's OLED business."

The time traveler took action, with a sure and sharp strike.

"Buy Hyundai? Will they sell?"

Xiao Qian looked at Wang Dongsheng and sneered in her heart.

My dear, do you know what outrageous things you did in your previous life?

Korean companies are the global leader in the field of LCD panels, and they adopt only one method, which is counter-cyclical operation.

Whenever the international panel market falls into a low ebb, it is the time when Korean companies increase investment.

It seems that this approach is very unwise. It is a gambling approach that hurts the enemy by one thousand and damages oneself by eight hundred. However, it allows Korean companies to earn greater profits every time when the panel industry boom comes.

Of course, if you often walk by the river, your shoes will never get wet.

Not everyone can bear this kind of counter-cyclical operation.

And Hyundai was the first to fall.

Regarding Hyundai’s abandonment of its LCD panel production line, it is actually related to the 2002 World Cup.

At this time, Chung Mong-joon, the boss of Hyundai Heavy Industries, was still the vice-president of FIFA and the biggest pusher for Japan and South Korea to jointly host the World Cup.

In order to achieve this, Zheng Mengzhun invested huge resources and almost wiped out Hyundai's family fortune.

Seeing that Hyundai has never been able to surpass Samsung and LG in the field of LCD panels, and in order to ensure that there would be no accidents in the World Cup, Hyundai cut off its LCD panel production line.

Hyundai has one second-generation, third-generation, and three-and-a-half-generation production lines, with an annual output of three million LCD panels, ranking ninth in the world, and its technology reserves are quite rich.

In the winter of 2001 in the previous life, BOE acquired Hyundai's STN-LCD and OLED businesses.

In January 2003, BOE announced that its Korean subsidiary had acquired Hyundai's entire panel business for US$380 million.

This was also the largest outsourcing case approved by the Chinese government at the time, causing a great sensation.

In this acquisition case, Wang Dongsheng's operation was very miraculous and jaw-dropping.

Because during the entire process, BOE itself only provided US$150 million, and the other US$210 million was borrowed from a Korean bank, and it also received a US$30 million exemption.

When the acquisition was carried out, panel prices were on a downward trend. Hyundai Group, which was eager to sell out, was driven to the floor by BOE.

However, just as the delivery was completed, panel prices began to rebound, and profits began in the second month. A year and a half later, profits reached US$60 million.

What's even more outrageous is that in the same year that it acquired the Hyundai production line, BOE started building its own fifth-generation line in Beijing and took another US$125 million from the Korean company.

When it comes to the technology of harvesting wool from Korean companies, Wang Dongsheng can be called a master.

Regarding such a cruel and ruthless approach, Xiao Qian could only say...

here you go!

So when Wang Dongsheng revealed that he wanted to acquire the business, Xiao Qian turned Hyundai into the fattest piece of meat and placed it in front of Wang Dongsheng without saying a word.

Taking the information provided by Xiao Qian, Wang Dongsheng's mouth was filled with saliva.

He couldn't wait to taste the fat.

"Unsurprisingly, Hyundai's business will definitely be in the hands of BOE. Once the acquisition is completed, Hyundai's talents will inevitably have to choose where to go. This is our opportunity. We can dig as many as we can."

Xiao Qian encouraged Wang Dongsheng to acquire Hyundai not without his own selfish motives.

What he values ​​​​is talents in modern related businesses.

These are top talents who have been immersed in OLED technology for many years. If they can recruit Starlight Technology, they can definitely greatly increase the speed of research and development.

"If you can't dig out three million, then five million. If you can't dig out five million, then eight million. As long as we give enough, no matter what kind of talent, they can come."

Xiao Qian was full of confidence, as if he had seen the grand gathering of talents in Starlight Technology.


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