Chapter 125: Hit the wall
Beautiful Qualcomm Technology Company!
This is a technology company specializing in the production of chips, with an annual output value of US$24.2 billion, and is one of the world's top 500 companies!
Its chip business spans the world. With Longguo's rapid development in recent years, Longguo's chip business accounts for 35% of their company's total annual turnover.
In other words, Longguo now imports chips worth 42 billion Longguo currency at Qualcomm Technology Company every year!
Qualcomm Technologies is just one of the companies in Longguo that imports chips from the beautiful country.
Including other companies, Long Guoguang imports nearly 300 billion chips from Ningli China every year.
Today, in the reception room of Qualcomm Technology Company, there are several Oriental faces sitting!
They are all the bosses of Longguo Domestic Mobile Phone Company.
"Mr. Lei, how much did your company lose this time?" one of the obese middle-aged men asked!
Lei Jun, the boss of Xiaomi Company, said with a sad look on his face!
"Hey, a conservative estimate is 50 million! Thanks to my wise decision some time ago, I imported 50,000 more chips! But the key is that it won't last too long!"
"You only have 50 million, and we have lost nearly 100 million in just one week. If we can't get the chips again, our Meizu mobile phone will declare bankruptcy!"
"..."
They each talked about the company's plight, but a thin old man next to them said nothing!
Lei Jun, the owner of Xiaomi mobile phone, noticed him, sat next to him and said!
"Boss Ren, you are the big brother of us. The profits in the past few years are enough to support you for several years. In this crisis, you can't just ignore us!"
Ren Zhengfei, the boss of Huawei Technology Company, smiled bitterly and said nothing!
In the eyes of outsiders, Huawei Technology Company has developed rapidly in recent years and ranks first in sales among several domestic mobile phone brands in Longguo. It must be extremely rich.
But in recent years, he has invested all the profits of Huawei Technology Company in chip research.
Because he wants to develop Longguo’s own chips, so that Longguo’s mobile phone industry doesn’t have to look at Meiliguo’s face!
But who would have thought that when their chip research had not made any progress, Beautiful Country directly announced a few days ago that it would impose chip sanctions on Long Country!
Because there was no shortage of chips in his factory, many semi-finished products were left there, and the entire production line had no choice but to stop production!
As a result, they lost as much as 500 million in just one week!
On the one hand, the company has no profit; on the other hand, chip research is burning money every day!
In such a predicament, he calculated that their company would declare bankruptcy within a month at most!
He can be said to be the most difficult one among the people here!
As the big brother of Longguo Domestic Mobile Phones, no matter how difficult the company is, he cannot show it. If he is knocked down, how can other companies survive!
Moreover, Huawei Technology Company has more than 100,000 employees in Longguo, waiting for him to support them, so he must be strong!
Several people waited for more than ten minutes in the reception room of Qualcomm Technology Company, and its boss walked in with two senior executives!
"Sorry to keep you waiting for so long!"
Ren Zhengfei from Huawei Technology Company stood up with a smile, held the other person's hand and said in English!
"Mr. Paul, it's us who should apologize for coming uninvited without saying hello to you in advance!"
Several other people stood up quickly and shook hands with Paul, the boss of Qualcomm Technology!
After a few people exchanged pleasantries, Ren Zhengfei, the boss of Huawei Technology Company, said to Paul!
"Mr. Paul, the purpose of our visit this time is for the chip, you should understand!"
"Mr. Ren, I'm really sorry. Regarding the chip issue, I really can't do anything. You also know that this is what our country wants!"
Paul, the boss of Qualcomm Technologies, directly blamed the problem on the country!
"But after all, we signed a contract before. You have always attached great importance to the spirit of the contract."
"Mr. Ren, we have signed a contract, but this is caused by force majeure factors, so we can only cancel it!"
Under normal circumstances, when a contract is signed and one party breaches the contract, it will have to pay liquidated damages to the other party, but the other party is Qualcomm Technology, which masters chip technology. They have no way to do it.
They don't want to think that a small amount of liquidated damages will cause a rift in their relationship with Qualcomm Technology.
If the other party makes the other party unhappy and they join forces with other chip manufacturers in the United States to ban the supply of chips, then their company will only face bankruptcy.
This is why Ren Zhengfei, the boss of Huawei, invests billions in chip research every year.
He doesn't want the fate of his company to be in the hands of others!
It would be too easy for companies in the beautiful country that have mastered chip technology to close down their companies!
Lei Jun, the boss of Xiaomi Company, saw this situation and said to Paul with a smile!
"Mr. Paul, the country has its own policies, but we can also make some changes. As the saying goes, there are countermeasures when there are policies!"
"I don't understand what you mean." Paul said to Lei Jun!
Lei Jun couldn't help but want to curse. He was usually as shrewd as a monkey when discussing business, but now he was very good at pretending to be confused!
But he already kept a smile on his face.
"We are businessmen, and businessmen only want to make money. You can transfer the chips, send them to other countries, and then flow them into our country. This also violates your country's policies, and you can still make money!"
"no."
Paul directly denied it, without giving Lei Jun any face!
Lei Jun was not discouraged and continued!
“We can add 50% to the original price!”
The boss of Qualcomm Technology directly ignored Lei Jun this time and said to Ren Zhengfei!
"Mr Ren, let me convey to you the policy of our country's government: you can buy chips if you want, as long as you can make Longguo hand over its magnet material technology!"
"Sorry, Mr. Paul, we can't do this!"
Ren Zhengfei refused directly.
"In this case, I think there is no need for us to continue talking! Please!"
Paul unceremoniously issued an eviction order!
Lei Jun wanted to say something else, but was stopped by Ren Zhengfei!
They left Qualcomm Technologies together!
"What the hell, when our Dragon Kingdom develops a chip and you beg me to buy your chip, I won't even buy it!"
Lei Jun cursed angrily!
Subsequently, they visited Micron and other chip companies, and they all encountered the same situation as Qualcomm Technology!
The government leaders of Beautiful Country soon learned about Ren Zhengfei and the others’ news in their country!
"Sir Foster, do you want to find any reason to detain these Dragon Nation people directly?"
Foster waved his hand and said!
"No, we still need them to return to the Dragon Kingdom and put pressure on their government.
I believe that it won’t take long for the Dragon Kingdom to be unable to bear it, and when the time comes, it will naturally offer us the technology of iter magnet materials in exchange!”
Chapter completed!