1991 Starting from the core

Wang Dongsheng holds a master's degree in engineering. He started in technology and then switched to finance halfway. This is also the basis for BOE to be able to engage in such spectacular operations as renting out office buildings and factories.

Rather than asking him how big his ambition was, Su Yuanshan was asking him how much money he would need to realize his ambition.

Wang Dongsheng swallowed hard.

After confirming that Yuanxin's eyes were on the LCD panel, during the days waiting for Su Yuanshan to come, Wang Dongsheng discussed with members of the leadership team more than once how to deal with Su Yuanshan's visit.

Yuanxin obviously hopes to cooperate with BOE, but what is the method of cooperation? Is it joint research and development? Or a joint venture to establish a new factory? Or invest in shares? Or... simply want to annex BOE?

So these days, the entire BOE senior management is excited, nervous, and confused. All in all, it is extremely complicated.

"Because of funding, we haven't made much progress." After regaining his composure, Wang Dongsheng recalled his exchange with Duan Yongping a few days ago. He was somewhat glad that he told Duan Yongping the truth at that time: "It was mainly based on reverse analysis and experiments. Lord, there is no technological breakthrough yet. But because it started early, there has been some accumulation."

Su Yuanshan nodded and asked, "When did it start?"

"It was launched at the beginning of this year. Last year we went to Ni Country for an inspection and learned that both Ni Country and Bang Country are vigorously promoting LCD panels. According to the classification of Ni Country LCD companies, they have now begun to build the second generation, and the substrate size has reached 370mm. Multiplied by the size of 470mm."

"Well..." Su Yuanshan nodded again.

Regarding LCD panels, he only knew the industry status and knew nothing about the specific technology, but he still vaguely remembered that the next generation classification of LCD panels was based on the size of the substrate.

Currently, due to cost and area, the largest use of LCD panels is in electronic devices - or even more accurately, mobile phones.

Because mobile phones are currently the largest market in demand for LCD panels, many TV and display companies are taking it lightly. Sony, for example, believes that it will take at least 20 years for this product to challenge traditional picture tubes.

Except Samsung.

Sometimes, when Su Yuanshan is alone "reviewing" the memories in his mind, he can't help but sigh that the rise of Samsung - to be precise, the rise of Samsung Electronics is simply a miracle.

After deciding to enter the semiconductor industry, Samsung’s famous countercyclical investment was not mentioned. What’s even more frightening is that it did not miss any industrial explosion, and it did a very good job.

Memory particles are like this, flash memory particles are like this, mobile phones are like this, and LCDs are like this... The only thing that can stretch your hips a little is probably the power lithium battery.

Compared with other giants, Lee Kun-hee, the founder of Samsung Electronics Empire, is like a time traveler.

"If BOE is allowed to fully enter the LCD field, are you confident?" Su Yuanshan thought for a few seconds and then looked at Wang Dongsheng.

Wang Dongsheng's eyes suddenly shrank!

Full access? Do you mean to give up all your current industries? what does that mean? Does this mean that Yuanxin will directly introduce the industrial chain?

Wang Dongsheng took a deep breath: "What kind of comprehensive entry method is this? Do you want to build a panel factory?"

"Mr. Wang hasn't answered me yet. Are you confident?"

"Of course I have confidence!" Wang Dongsheng said almost without thinking: "If you don't talk about anything else, just talking about China, from mobile phones to paging to calculators, every LCD panel has to be imported! Compared with Shan, Mr. Shan knows better than me. …”

"That's okay." Su Yuanshan nodded and said, "That's right. In the middle of next month, Sony's senior executives will arrive here to discuss with us the production and technological breakthroughs of LCD panels."

"Of course, Sony's technology is also very bad. They made a mistake this time. But with Sony here, we may be able to obtain some technology from Japan to help us build an LCD panel factory as soon as possible. By then, we Let’s talk about cooperation. What does Mr. Wang think?"

Wang Dongsheng took a deep breath, clenched his fist without leaving any trace, and said in a deep voice: "Okay!"

"However, I can ask, how does Yuanxin hope to cooperate?"

Su Yuanshan did not answer, but asked: "Mr. Wang, how do you hope to cooperate?"

Wang Dongsheng licked his lips and said after a few seconds of silence: "We have actually inquired that setting up an LCD panel factory starts with more than 100 million US dollars... If it is a little bigger, it can catch up with a wafer factory."

"We just restructured our company and got rid of the loss-making situation this year... Moreover, our debt-to-equity swap means that the bank also belongs to shareholders."

Su Yuanshan smiled slightly: "Of course Mr. Wang will convince your shareholders. As for the money... that's easy to say. Let's see when the time comes. Will Yuanxin and Sony directly invest in BOE, or will they establish a new company and then use the funds? The main body will be borne by Yuexin and Sony, and the main body of personnel and structure will be transferred from BOE in order to form production capacity and combat effectiveness as soon as possible."

"I hope Mr. Wang can think about it next."

"Okay!" Wang Dongsheng agreed.

…

Su Yuanshan came and left in a hurry, leaving directly without even eating lunch.

After Wang Dongsheng watched the Passat leave, he clenched his hands into fists and quickly relaxed.

"Director, Yuan Xin came here with bad intentions this time..."

The person who spoke was his deputy director Wang Dongxu. As an old man who was older than Wang Dongsheng during the electronic tube factory, Wang Dongxu had a deep affection for the 774 Factory. After hearing Su Yuanshan's suggestion of investing in shares, he felt a little uncomfortable.

Seeing that Su Yuanshan had left at this time, Wang Dongxu couldn't help but speak out.

"Haha, I'm not a philanthropic person. How can I be kind?" Wang Dongsheng smiled, turned and walked towards the office: "The main thing is that Yuanxin can actually attract Sony. This is something I didn't expect."

"But the LCD panel does have a lot of potential," Wang Dongsheng said as he walked: "I was not sure before, but after Yuanxin did this, I am really sure, Lao Wang - you didn't believe me before."

Wang Dongxu laughed a few times.

He was the one who accompanied Factory 774 through hard times, and what he hoped most was to turn the factory around quickly. Wang Dongsheng invested the already tight funds to engage in liquid crystal research, but he did have some opinions-the water in this thing was deep! And even if we develop the technology, we still don’t have the money to build a factory!

Haven't you heard? Building a factory can easily cost hundreds of millions of dollars. How can BOE have the money?

But now that the remote core is suddenly inserted, it is different.

Even if Wang Dongxu didn't like private companies like Yuanxin, he had to admit that Su Yuanshan's vision was absolutely first-rate.

——Since when did Yuanxin engage in loss-making business?