My Age of Investment

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"Sharp and Jinling Panda have reached an agreement. The two parties plan to establish a joint venture and jointly invest 300 billion yen (approximately US$3.07 billion) to build a 6th generation LCD panel production line in Jinling. After the 6th generation line is put into operation and lit, it will continue to Started construction of the 8th generation line.

All relevant LCD panel production technologies required by the joint venture are authorized and transferred by Sharp. At the same time, this is the first time that a foreign-funded enterprise has transferred more than 5 generations of LCD panel production lines to mainland my country. "

"AU Optronics plans to spend US$1.2 billion to set up a wholly-owned subsidiary in Lucheng to build an 8.5-generation LCD panel production line. This is also the first mainland 8.5-generation panel project invested by a Yizhou enterprise.

In addition, AU Optronics also secretly participated in the foundation laying of Lucheng Longfei Optoelectronics' 8.5-generation line project behind Yizhou's back.

Their idea should be that if Yizhou does not allow direct investment, or the project approval progress is too slow, they will indirectly invest in Longfei Optoelectronics and achieve the goal of building a factory here in a curve. "

"Chimei Electronics plans to invest 23.6 billion yuan to build an 8.5-generation production line in Fucheng, with an expected annual output of 5.76 million LCD TV display panels."

"LG has reached an investment intention with Yangcheng and plans to invest 30 billion yuan to build an 8th generation production line locally. The project is currently waiting for approval from the country."

"Samsung announced that it will invest US$2.2 billion to build a 7.5-generation line in Xuzhou. At the same time, it also announced that it will not require government subsidies and will build a separate semiconductor factory in Xuzhou."

"Innolux, a subsidiary of Futukang, recently completed the acquisition of Tongbao Optoelectronics, a panel company jointly invested by Compal Computer, Uni-President Group, and Philips Group, and the acquisition of Chimei Electronics is also nearing completion.

After the merger of Innolux, Tongbao and Chimei, they will surpass AU Optronics to become the largest LCD panel manufacturer in Yizhou, ranking third in the world in terms of market share. "

…

In the large conference room of Fuxing Industrial Group, except for Xia Jingxing, Skyworth CEO Zhang Xuebing, Lin Bing, Zhu Zhaojiang, Deng Yuanjun, Liu Hai and others were all sitting upright, listening intently to the business intelligence information Liu Xiaoduo reported.

Huang Dongsheng also came to listen, looking directly at the documents in Liu Xiaoduo's hand. As the other party continued to report the factory construction information, the expression on his face gradually became numb.

Xia Jingxing kept paying attention to Huang Dongsheng's face. As soon as Liu Xiaoduo finished reading, he immediately asked Huang Dongsheng: "How do you feel? Do you feel a little excited after listening?"

Huang Dongsheng looked like a black man with a question mark on his face, and he had some hidden worries in his heart. This time, panel manufacturers from Japan, Bangkok, and Yizhou came swarming over. The excitement was quite exciting, but the pressure was not that great!

Seeing that Huang Dongsheng didn't answer, Xia Jingxing knew that the other party must have been shocked by this series of news, and said with a smile: "BOE has released a big torpedo this time, blowing up all the big fish and small shrimps.

This bunch of monsters and monsters all came to the mainland to build factories in an orderly manner, just in time to catch them all in one fell swoop. No one was spared, which saved us a lot of trouble. "

Huang Dongsheng smiled bitterly, "It's not that easy to catch them all in one fell swoop."

Although he knew that BOE's recent series of actions would cause drastic changes in the global LCD panel market, he did not expect that the changes would be so big, and even the big changes were a bit shocking.

The six major LCD panel manufacturers have announced investment projects in mainland China in the past month, totaling nearly 200 billion yuan.

In terms of popularity, it is even better than BOE some time ago.

But it also shows from the side that BOE really broke through this time. It stood in the spotlight for the first time and became the most beautiful boy in the global LCD panel market.

Before BOE announced that it would put into production three 8.5-generation lines, the 8.5-generation LCD panel production line was the second-top technology in the entire industry, second only to Sharp's 10th-generation line. It was a high-tech industry that was prohibited from being transferred overseas by various countries and regions. .

In the past, Japan, Japan and Yizhou did not consider building factories in mainland China at all. Not only were they worried about technology leakage, but the main reason was that they did not need to consider the production cost of LCD panels.

Because no matter how high the price of the panel is, mainland companies have to pay for it, so why don't you master the relevant technology?

This is also true. If TV manufacturers want to take delivery of goods from foreign panel manufacturers, they not only have to endure high prices, but there is not even any discussion on the payment period - I, Samsung, pay immediately, otherwise the panels will be sold to others.

In a word, the Chinese color TV companies at that time were completely struggling to survive. They were rushing to give money to buy things, but they also had to look at other people's faces and listen to other people's nasal voices.

Now, as major foreign LCD panel giants set up factories in mainland China, it is foreseeable that the production capacity of large-size LCD panels will be overcapacity and prices will collapse.

BOE may have just put into production the 8.5-generation line and will be trapped in a price war.

But for TV manufacturers and ordinary consumers, this news is definitely good news.

The era when LCD panel technology was exploited is gone forever. Chinese LCD panel manufacturers headed by BOE have stood up amidst blood and fire.

The only regret is that I feel sorry for the investors. BOE’s behavior is to ignite itself and illuminate the entire LCD panel industry chain and thousands of households.

However, the situation of BOE in this life should be much better than in the previous life. Vision Capital took the initiative to jump into this billion-dollar pit for millions of retail investors.

For Xia Jingxing, investing so much money does not mean that there will be no benefits at all.

Firstly, terminal equipment such as Skyworth TV, Fuxing Mobile, and Honor Mobile can reduce panel procurement costs. Secondly, as long as BOE can eliminate major LCD panel manufacturers earlier than in previous generations, it will be able to upgrade in the OLED industry and gradually erode LCD. Before the market, enjoy the dividends of the LCD market for a few more years.

In the previous life, due to the huge cost of building production lines, BOE turned the panel battle into a tactic of adding fuel to the fire and did not clear the mess quickly. As a result, it did not share too much industry development dividends.

Instead, foreign manufacturers such as Samsung and LG made enough money to retire, calmly eliminated and sold off the LCD industry, and used all the money they earned to invest in the allinoled industry.

This time Xia Jingxing plans to launch rounds of saturation attacks, even if he loses hundreds of billions, he will sweep these rotten fish off the poker table.

You can't survive without being crazy. Without this fierceness, you won't be able to gain enough market share, which will ultimately lead to a slowdown in industrial upgrading and the results will be greatly reduced.

The Asian financial crisis broke out on the eve of the turn of the century. The Japanese behaved conservatively and did not dare to continue to increase investment in the LCD panel industry. However, the Chinese people were stunned by the huge wave of the financial crisis and relied on fierce investment expansion to complete the project. Overtaking the industry dominance Sharp.

At that time, Sharp also ridiculed the Chinese people for their arrogant and ignorant behavior and ignoring the laws of industrial cycles.

The result is that the strong are always strong. Samsung and LG jointly carve up 50% of the global LCD panel market share. After enjoying the dividends of industry development for two decades, BOE took over the throne of the waning LCD industry.

This style of play is somewhat similar to the Internet industry, which uses money burning to form barriers to competition. It burns money first to seize the market, and then monopolizes the market to manipulate prices.

At present, Xia Jingxing has invested the first US$5 billion in the LCD panel industry, and he will unswervingly invest the second and third US$5 billion.

Samsung and LG may be able to withstand huge investment losses for the time being, but it is hard to say that Yizhou and Japanese manufacturers will be the first to send them to hell.

In short, it's just you stabbing me, everyone hurting each other.

Or, like a gambler who loses his money, he keeps throwing chips into the market, increasing his sunk costs and leaving him unable to leave the gambling table;

Or give up quickly and stop the loss and exit.

There is no third way to choose. The battle is who has stronger gambling funds and who is more confident in the cards in his hand.

Xia Jingxing, who knows the demand for China's LCD panel market in the next ten years and also controls the downstream industries of LCD panels, will he be afraid of Allin's chips?

Therefore, he is not worried at all about the series of demonstrations or counterattacks recently launched by this group of monsters and monsters.

The worst case scenario is to engage in an arms race to see who can disintegrate and collapse first.

－－－－－－Digression－－－－－

Chapter 1398 is sealed. It’s really hard not to write about these bad things. I wonder which technology industry is not blocked by technology. If you can completely bypass it, you can only write about the Internet.

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