My Age of Investment

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Hearing this, Li Zairong showed a smile on his face. He originally thought that Xia Jingxing would choose to be tough to the end, but he didn't expect to give in so quickly.

No matter whether he is a Wall Street tycoon, an Internet tycoon or a technology tycoon, he still has to bow his head when facing the powerful Samsung.

This is the power of Samsung. No one or company in the world can completely ignore Samsung's influence.

As for China, which has poor technological soil, it goes without saying that just cutting off the supply of chips can put countless Chinese companies into operating difficulties.

However, Samsung will not use this killer weapon unless it is absolutely necessary. Although the damage to the enemy is very high, it will also hurt itself and affect its business reputation.

Leading without firing is the most correct way to use force.

Li Zairong said calmly: "Since Mr. Xia, you mentioned that Vision Capital's investment in the LCD panel industry is a financial investment, then naturally it is based on the pursuit of financial returns?"

Seeing that Xia Jingxing smiled and said nothing, Li Zairong continued to explain his plan: "Why not sell the equity of these projects held by Vision Capital to Samsung Electronics? We will definitely provide you with a price that satisfies you.

In addition, when Samsung Electronics becomes a new shareholder of these LCD panel factories, we can provide advanced technology and manufacturing processes, and we can also add these factories to Samsung's global supplier list.

Funds, technology, orders, we can provide them all.

Why does Vision Capital end up doing all this hard work? Could it be that you are worried that Samsung will not provide you with the best quality products? "

Xia Jingxing burst into laughter, "The best quality products are a bit expensive, I'm afraid we can't afford them."

Li Zairong heard that this was a sarcastic comment on the fact that foreign LCD panel manufacturers, led by Samsung, had collectively raised prices to Chinese downstream companies some time ago, and said without changing his expression: "One moment, another moment, China now has multiple 8.5-generation lines, basically There is no need to import LCD panels anymore.”

A hint of sarcasm appeared on Xia Jingxing's lips, "But if I sell the equity to you, it will be equivalent to importing."

Li Zairong retorted: "The equity held by Vision Capital is not large. Even if Samsung acquires it, it will not be able to dominate and control these industries."

"Since you can't dominate and control the industry, why are you acquiring these equity interests? Do you want to make financial investments like Vision Capital?"

Although Xia Jingxing made up his mind not to intensify the conflict, it didn't mean that he had to hold the stick in his hand, and he had to fight when he should.

The stick is the same as the book, both are afraid of power but not moral.

If you give in even a little bit, they will regard you as weak and can be bullied.

Seeing that Xia Jingxing's tone suddenly became forceful again, Li Zairong couldn't help but frown.

He was a little unsure of Xia Jingxing's true attitude and bottom line. Judging from what Xia Jingxing meant, he neither wanted to start a full-scale war with Samsung nor give up the panel industry in his hands.

Do you just want to get a taste of it, occupy a certain panel market share, master certain technologies, and meet the basic requirements of self-sufficiency?

But the production capacity of BOE's seven production lines at full capacity has far exceeded the needs of Fuxing Industry, and it will eventually be exported.

The same is true for Samsung Electronics. Samsung Electronics' procurement needs only account for a small part of the production capacity of its panel subsidiary SDI. The development of the company cannot rely solely on the internal production and sales system cycle.

Xia Jingxing glanced at Li Zairong, who was deep in thought, and after some contact, he felt that this guy should be a little stronger than the other second-generation Zu Li Yikai, but he was not as strong as he was, and he could still be deceived.

Since he can be deceived, he won't be polite.

"Mr. Li, you have worked at Samsung Electronics for many years and should be very aware of the current global panel industry landscape."

Li Zairong raised his head and found Xia Jingxing looking at him seriously, so he nodded and said, "Of course it's clear."

"Okay, then I won't introduce too much. I'll analyze it for you from another angle."

Xia Jingxing stretched out a palm and said, "Now Samsung SDI and LGD each occupy about 24% of the market share. You two take turns to be the number one in the industry. You can think of it as a thumb."

The third largest player in the industry is AUO, which occupies about 18% of the market share and can be regarded as the index finger.

The fourth in the industry is Chimei, which accounts for about 14% of the market share and can be regarded as the middle finger.

Now Innolux has acquired Tongbao, and it is said that it will also acquire Chimei. If the three panel manufacturers successfully complete the merger, they may surpass AUO and reach 19% market share.

In short, whether it is AUO or Chi Mei, they are the two fingers closest to the thumb. "

Li Zairong asked with a smile: "What about BOE? Ring finger or little finger?"

"The ring finger is Sharp. This Japanese panel maker occupies 6% of the market share and almost produces and sells its own products.

As for BOE, it can’t even be called the little finger at present. It belongs to the “other” in the pie chart and is working hard to become the little finger. "

Li Zairong laughed loudly, feeling that Xia Jingxing's metaphor was very vivid, and said, "Mr.

Xia Jingxing shook his head repeatedly, "While we are working hard, others are not idle either.

You must have heard that Yizhou panel companies are actively "landing and building factories." "

Li Zairong nodded slightly. The secretary's office had already reported the news, and also provided analysis and response suggestions.

The days of lying down and making money from mainlanders are over. What comes next is the cruelest hand-to-hand combat.

Whether it is mainland enterprises or Yizhou enterprises, they are all mortal enemies of their great national enterprises.

In the past, his father once said, "I can make it impossible to sell a single LCD panel in mainland China," but mainland companies didn't even dare to say a word.

Now it is no longer possible. We can only adapt to the changes of the times. Their big stick, the enterprises of the Republic of China, can only lower their arrogant heads and come here to build factories.

Xia Jingxing observed his words and knew that Li Zairong had heard what he said, so he took advantage of the situation and said, "Futukang has a huge foundry business, and these foundry customers have a lot of overlap with Innolux's downstream customers.

Relying on this industrial advantage, Futukang can provide one-stop services from panel procurement to assembly.

If they acquire AUO again, I can't imagine how huge the market share they will occupy, 37% or 40%? "

Hearing this, Li Zairong's face became much more solemn. He felt that Xia Jingxing was diverting his attention, so he replied: "Mr. Xia's words are a bit alarmist, right?"

Xia Jingxing sneered, "You will know if you ask the secretary office to collect business intelligence from Yizhou. Yizhou's economic department intends to promote the merger of Chimei and AUO to enhance the competitiveness of Yizhou's panel companies.

The document also focused on the need to seriously respond to the challenges of Samsung and LG's continuous erosion of Yizhou's panel market share. Yizhou companies can no longer be scattered, but must squeeze all their strengths into a fist and then fight them out.

Compared with your two companies, the capital strength of Yizhou Enterprises is much weaker.

And panels are precisely a capital-intensive industry. How do you think they will choose? "

Li Zairong remained silent, his eyebrows almost knitted together. He was thinking about the threat that Yizhou panel companies would pose to Samsung after they completed the unification.

Compared with the latter BOE, it seems that the former Langyi state-owned enterprises pose a greater threat.

After a while, he raised his head to look at Xia Jingxing and found that the latter was looking at him with a smile. His heart moved and he asked, "Mr. Xia, what is the purpose of telling me this?"

"I think our two companies can strengthen cooperation and target Yizhou enterprises, even... LG."

Li Zairong's mouth widened and he looked at Xia Jingxing in surprise.

Xia Jingxing smiled and said, "As you said, this moment comes and that moment comes, so we must learn to keep pace with the times.

During China's Warring States Period, alliances and divisions between countries were the norm.

Now that Samsung controls the downstream industry, we also control the downstream industry, so we should work together to clean out others.

When the vacated market becomes large enough, what will be the dispute?

Our pattern must be enlarged, and a win-win situation is the best.

Mr. Li, you don’t want to monopolize the panel market 100%, do you? "

Good guy, such a big hat flew over, Li Zairong didn't even dare.

Xia Jingxing smiled and said: "Our two companies have a very good basis for cooperation. For example, we purchase your chips and you use our mobile phone operating system.

Everyone is fighting over it, not just for the word "profit".

A truly good solution is one that is profitable for both of us. "

Lin Bing, Zhou Guangping and others looked at Li Zairong who kept nodding. They did not laugh at him in their hearts, because Xia Jingxing had even fooled them. They felt that cooperating with Samsung... seemed really good. At least in the short term, the advantages outweighed the disadvantages. .

Let's work together to kill the weakest Yizhou enterprise first, and then everyone will show off.

"Mr. Xia, I will convey these opinions of yours to my father word for word, and he will make his own decision."

"Okay, Chairman Li is the entrepreneur I admire most in my life. I believe he will make a choice that is beneficial to both of us.

When Mr. Li returns to China, please say hello to your father for me. Next time I go to Bang Country, I will definitely pay him a visit! "

"Okay, welcome Mr. Xia to Bang Country as a guest. We will definitely welcome you."

…

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