Rewrite the Technological Landscape

Meng Qian has been staying in Shencheng until March 1st. The basic negotiations on Julong Project have ended, and the joining of Dafeng Group is tantamount to finalizing. The next step is to connect the details. Meng Qian will not personally participate in these matters .

As for Sharp's reaction, it depends on how the Shencheng government will discuss it, and Meng Qian is too lazy to intervene.

And during the communication about the Julong Project these days, Meng Qian has been discussing with Wang Shengdong how to develop it next.

On March 1, Meng Qian came to Yanjing again to discuss the details of the cooperation between the two companies with Wang Shengdong.

BOE is short of money now, and Dafeng Group provides money, so the overall direction is naturally mergers and acquisitions.

The plan proposed by Meng Qian has two aspects. In fact, it is similar to the decision made by BOE in the past, merger and joint venture operation. But the difference is that what Meng Qian wants to acquire is BOE’s mobile and application-type small-size TFT-LCD business, which is exactly the opposite of BOE’s development direction, which once gave up large-size business and retained small-size business.

There are also two considerations for Meng Qian’s acquisition of BOE’s mobile and small-size application TFT-LCD business. One is due to the development of his own company. The explosion of smartphones is just around the corner. Now the neon country and Koryo country are not in the center of gravity. This, this gives Dafeng Group the advantage of using production capacity to seize the market in this field in the future. Meng Qian must quickly increase the screen production capacity in this field, which will be a great weapon for Dafeng Group in the later stage.

The second is to allow BOE to focus more on the development of large-size TFT-LCD business. In the next few years, even with Meng Qian’s prophet, it will be a fierce battle. The alliance that Meng Qian wants to promote must do his best to reverse the situation. After all, the mainland's current technology is really too backward.

The way of acquisition is that Dafeng Group will establish a subsidiary Dafeng Electric that focuses on small-size TFT-LCD business. Dafeng Electric will acquire BOE’s mobile and application small-size TFT-LCD business with 2 billion cash and 5% of the company’s shares. The 5% stake in Dafeng Power will be acquired by BOE Investment.

At this point, BOE will completely spin off the small-size TFT-LCD business and acquire a 5% stake in Dafeng Electric.

As for the large-size LCD business of BOE Optoelectronics, investors are now worried about the large-size LCD business of BOE Optoelectronics. The continuous losses make investors less and less optimistic, so this business was cut out from the listed company at the beginning .

Now, Dafeng Group will make a capital injection of 5 billion in BOE Optoelectronics. After the capital injection, Dafeng Group will control 18% of BOE Optoelectronics and 6% of BOE Group.

The intervention of Dafeng Group brings not only money, but also the confidence of investors. It will definitely be a stimulus for investors in a short period of time. At least it can stabilize BOE from the risk of delisting.

After negotiating a merger plan with BOE, we still have to deal with Yanjing's attitude. After all, Meng Qian is rushing to buy, and BOE negotiated with Yanjing Industrial Development Investment Management Co., Ltd. first.

But when Meng Qian went to Yanjing, he found that the other party was happy to let Meng Qian buy it.

In fact, after thinking about it, Meng Qian also understands that in the entire development process of BOE, the state has really spared no effort to support, bank loans, state funds, policy guarantees, and mergers and acquisitions when the company is about to fail.

But all of this is for the purpose of developing domestic LCD screens. It does not mean that the country is really willing to save them time and time again. There are only a few companies that can't do without help. If they don't help, this field will be completely cold.

So at this time, Dafeng Group is willing to intervene to save the domestic LCD screen industry. The country is too late to be happy. Not only will it not compete with Meng Qian for BOE, but before leaving, it does not forget to ask Meng Qian what support he needs.

After all, judging from the development of the past few years, Dafeng Group has far more prospects than BOE.

The matter of the acquisition of BOE has just been settled. We only need to wait for the following procedures, and the next thing is to pull the alliance.

On March 3, Meng Qian and Wang Shengdong went to Shanghai to find Shanghai Radio and Television and Longteng Optoelectronics, which were originally going to form a joint venture with JD.com. In addition to these two companies, Meng Qian also called two other companies, Following these three companies, Shenchao Optoelectronics, the fourth owner of the 5th generation line in China, and Tianma Microelectronics, a domestic veteran company that started building a 4.5th generation line in 2006.

Everyone sat around and knew something in their hearts, so Meng Qian's attitude was also very straightforward. Dafeng Group wanted to form an alliance, and Dafeng Group's goal was to go straight to the 6th generation line, 7th generation line, or even 8th generation line. As for Sharp threatened to build a 10th-generation line this year. History has proved that it is too radical. Meng Qian also thinks it is too radical. There is no need to consider this matter in China for the time being.

But not everyone is happy to form an alliance, because the basic principle of Meng Qian's alliance is that everyone has to listen to Meng Qian.

Just like Wang Shengdong is entangled, everyone is also entangled.

Sure enough, Shi Yuezhi from Shanghai Radio and Television was the first to ask a question, "To build a 6th-generation line now is conservatively estimated at 8 billion, and to build a 7th-generation line is conservatively estimated to be 15 billion. If Mr. Meng wants to rob time, he still wants to hit the market in two years." Can we achieve it with the 8th generation line?"

Meng Qian looked at Shi Yuezhi with subtle eyes, because this is a Taiwanese, and he is a Taiwanese who Meng Qian doesn't like very much. According to historical records, Shanghai Radio and Television was crippled by Korea and Taiwan through a price war in 2005. In 2006, when he was half dead, he went to Taiwan Province to invite Shi Yuezhi to be the general manager. As a result, after Shi Yuezhi joined Shanghai Radio and Television, he did nothing but spent a year replacing all the management with Taiwanese people. The whole team kicked off.

After the establishment of the management team of Taiwan Province, in 2007, Shi Yuezhi took the initiative to resign with this batch of management team of Taiwan Province.

For a while, the management of Shanghai Radio and Television was paralyzed, and it happened that Sharp had lied to Shanghai Radio and Television (there are rumors that Shi Yuezhi and Sharp cheated BOE and Shanghai Radio and Television together, but it cannot be verified). When the financial crisis came, the company would naturally collapse. down.

In the past two years, Shanghai Radio and Television was the most promising LCD screen company in China, and its reputation far surpassed that of BOE.

Meng Qian looked at Shi Yuezhi and said with a smile, "Mr. Shi thinks, what is the biggest dilemma when we are engaged in LCD screens in China? Is it money?"

"I think so."

"I don't think so." Meng Qian directly denied, "At present, our LCD screen industry chain is not complete, and the upstream industry is completely lagging behind. The raw materials required for TFT-LCD, including TFT-LCD special substrate glass, high-performance Liquid crystal material, large-size backlight, driver IC, etc. are all blank.

In the same way, in terms of production equipment, cleaning equipment, lithography equipment, film forming equipment, and ultra-high vacuum equipment are almost all imported. To put it bluntly, the people here are actually assembly plants. "

Meng Qian's words are ugly, but they are very practical. The core technology is all in the hands of others. Even if you have a 10th-generation production line, it will be stuck in your neck every minute. This is what the mainland lacks most.

Shi Yuezhi wanted to play tricks, but he could only nod his head in approval, because this is the fact, and asked, "So, does Mr. Meng have any solution?"

Meng Qian directly dumped several documents on the table, each company representative had a copy, except for Wang Shengdong, everyone's eyes were full of shock.

"This" Several people held back for a long time and didn't know what to say.

What Meng Qian showed them was exactly the research and development content that the company has been quietly engaged in these years. Through the cooperation with Sony and Dafeng Group's own chip research and development level, it has overcome the chip design and production needed in the production of LCD screens. The cooperation of Bluestar Group has broken the problem of high-performance liquid crystal materials. Through the decentralization of military technology, Shanghai Microelectronics has solved the problem of large-size backlight in the production of LCD screens while developing lithography machines.

As for production equipment, through technology exchange, Canon obtained the core technology of ultra-high vacuum equipment and film-forming equipment production, and obtained the core technology of cleaning equipment from Sony. As for the lithography machine technology, Shanghai Microelectronics Take charge.

Over the years, Dafeng Group's 4.5-generation and 5-generation lines have been using imported equipment and imported materials. However, behind the scenes, Dafeng Group has been trying to find a way to break through the predicament.

Seeing that everyone was speechless, Meng Qian took the initiative and said firmly, "I will always say that, we are too far behind in the field of science and technology, and we must have the courage to break new ground if we want to succeed. Development, endured for four or five years.

At present, the neon country has predicted that the LCD screen industry of the 2008 Olympic Games will be as high as 50 billion, and Korea has also made a similar judgment. As the host country, should we just give up such a huge opportunity?

Anyway, I don't want to let it go, so I invited you here today just to ask your thoughts.

As for the issue of money that Mr. Shi just mentioned, this is the development plan of our Dafeng Group this year. In the field of LCD screens, our planned investment in 2007 is 20 billion. "

20 billion, the chairman’s eyes lit up when they heard this figure, Dafeng Group will offer 20 billion, and everyone will add another 10 to 20 billion, and then add bank loans and international support, tens of billions or even hundreds of billions It's right in front of you!

Of course, more importantly, Dafeng Group has the core technology! The Dafeng Group has technology and money. This is the master who is really likely to lead everyone to counterattack.

Tianma, who is actually very ambitious, was the first to express his opinion, "Why should we give up our Huaxia market?"

When someone speaks, it will naturally cause others to follow, because either they will not enter the game, or if they want to enter the game, everyone will want to gain more benefits, and everyone will express more positively, which is very normal.

And when everyone's attitude became positive, Meng Qian gave the last bait, that is, everyone set up a joint venture company together. In this way, everyone's original company is still their own.

Although in fact, in order to further gain control, Meng Qian will still adopt the commonly used method of equity crossing to hold certain shares in these companies, and establish another subsidiary Dafengzi Technology Co., Ltd. for the development of large-size LCD screens. And give them a little share.

But in their own company, the major shareholder is still themselves. In essence, Meng Qian did not acquire any company, but the joint venture company is "dictatorship" by Meng Qian.

So when you think about it, set up a joint venture company to follow Dafeng Group to eat meat, and then use technology and profits for your own business, so why hesitate?

However, Dafeng Group has very strict requirements on the joint venture company. In addition to the equity crossover, before the joint venture company is formally established, everyone has to come up with their own specific plans, including what kind of technology to provide, how much money to invest, which teams to come to, and how long to sign the contract. Technology contracts, patent ownership, etc., must be made clear and clear, to avoid those who take advantage of it.

And when the joint venture company needs support, everyone is obliged to carry out the prescribed priority decision-making sequence.

At the same time, the technologies and equipment currently owned by Dafeng Group can be used by everyone, but they will not give the technology to everyone for free. Everyone needs to spend money to use it, and to buy patents.

Of course, there is another very important thing. Meng Qian asked the board of directors of Shanghai Radio and Television to kick Shi Yuezhi out. The reason was that Shi Yuezhi's performance in the past half a year after entering Shanghai Radio and Television made Meng Qian feel very unreliable.

So the next negotiation will last for a month.

But no matter how difficult the process was, at least there was a good start. In the spring of 2007, under the leadership of Meng Qian, the China LCD Screen Alliance was about to be established.