Reborn Entrepreneurial Giant.

Chapter 518 Ten billion support

"Warmly welcome Mr. Qu Li, Chairman of Honor Company, and Lei Jun, CEO."

Banners and colorful banners were hung at the entrance of BOE's factory. Director Wang and other BOE executives welcomed Qu Li and Lei Jun at the gate.

Originally, the cooperation between the two companies was quiet, and there was no news at all from the outside world. But this time Qu Li visited BOE for inspection and arranged for several media colleagues to accompany him.Various news quickly spread throughout the country.

Qu Li learned about BOE’s development and found that their LCD panels were still unable to meet Honor’s needs, especially AMOLED. The gap could not be made up in a day or two.

Technical problems are difficult to solve, but problems that money can solve are not big problems. The core and critical Canon Tokki evaporation machine skills have no production capacity, so help them expand production capacity; if you are worried that the expanded production capacity cannot be sold, then sign a long-term purchase contract. Honor came forward to guarantee the purchase of two evaporation machines per year, but asked Canon Tokki to leave room for a production capacity of five units.

The specific contract details are very complex, including various technical details. For example, the performance of their evaporation machines cannot be worse than Samsung.

Although Honor has been established for a short time, it has been fighting a tough battle in the past few years. In order to improve its delivery capabilities, it has traveled all over Europe, the United States, Japan and South Korea. With its strong financial advantages, it has used various means to ensure its delivery capabilities. During this period, it has fought with Apple several times, both overtly and covertly. , can not fall behind.Although Itochu and Canon are not the same consortium, years of cooperation have established enough credibility to promote cooperation between them.

"Diamond arrangement" and "Canon Tokki evaporation machine" basically guarantee that BOE can make a difference in the AMOLED field, but what about TFT screens?The progress of Samsung displays is very obvious, so Apple purchases displays from both Samsung and LG.

The largest supplier of Honor screens is Samsung Display, but it also purchases Sharp. This year, it originally planned to purchase JDI screens in small quantities. This company was established by the merger of Sony, Toshiba, Hitachi, and Panasonic last year, but now it has changed its mind.

If Samsung Display raises prices for big customers like Honor, it will most likely gain more initiative. Unfortunately, before it has a monopoly on AMOLED supply, Honor and Apple have too many substitutes.

It's not that BOE can't make screens as good as Samsung and Sharp. The key is yield rate or cost control.Honor can pay in advance, but it will not "help the poor". It can only purchase BOE's high-quality screens at high prices in small batches.

Having known Qu Li for several years, Director Wang went from being suspicious to half-believing. Now, he once again saw Qu Li’s courage. Watching Glory and his team leave, Director Wang said:

"Qu Tianming is truly a genius."

"Aren't you..." A subordinate joked, and he was also shocked.

"A person like him is not worthy of becoming the richest man in China, then no one is qualified..."

BOE's senior executives all complained. Factory Director Wang must have been overwhelmed by the money.

It turned out that during Qu Li's visit, he not only handed over procurement contracts, but also received a large amount of financial support for investment in factory construction and equipment procurement, totaling more than 30 billion.There are also various financial supports, such as low-interest loans for building factories in Xingsha.

Under certain conditions, Qu Li obtained verbal authorization from the governor of Hunan Province and could make decisions for the governor within a certain range. It can only be said that Qu Li, a stupid young man, has no sense of proportion and no sense of boundaries.He dares to think, say, and do anything. It's okay now, but if he falls into despair in the future, he will most likely be blamed for it again.

In addition to the 30 billion, Honor spent money to purchase evaporation machines. Honor and Canon signed a five-year agreement to purchase two units every year, which is about 5 billion U.S. dollars. Including the investment in previous cooperation, the total is more than 10 billion software. Sister coins.

This is for the media. In the end, BOE pays for the evaporation machine itself. Honor is just a guarantee. Even if BOE doesn’t want it, it can still sell it to others.However, Honor has shares in BOE's AMOLED factories and companies, and their cooperation is crisscrossed and complicated.

The end of this meeting triggered a lot of discussions, including the rise in BOE's stock price. However, the two parties did not announce the news and continued to discuss details, such as the purchase volume of display screens and the purchase of Jumei's "Ming" brand will be included in the Honor system.

A few days later, Honor and BOE held a press conference to announce the cooperation of up to [-] billion soft sister coins, and held a formal signing ceremony.

"Honor invests tens of billions of soft currency in BOE to promote the development of domestic display screens."

This sensational moment spread throughout the domestic Internet, appearing in central news, evening newspapers, portals, Weibo...

Everyone knows that Honor has been supporting the industrial chain from the beginning. It has spent money to buy equipment to improve the production capacity of suppliers, but most of them have not been made public. And not only domestic companies, but also many companies in Europe, America, Japan and South Korea have benefited.

Now this time, the cooperation between Honor and BOE can be said to be unprecedented. The leaders of Huxiang Xingsha who came in a hurry were intimidated. The leaders of Beijin had just received the news. The Ministry of Industry and Information and other major departments had discussed it.

"Is there something wrong with Qu Li Qu Tianming's brain?"

"It's really sad that Glory has such a person in charge, so narrow-minded..."

“BOE is just lucky”

"Don't Honor shareholders object?"

It doesn’t matter if you don’t understand. You can refer to Apple’s approach. They have supported JDI, a Japanese company, for many years and have invested US$17 billion and about 110 billion soft currency.Looking at it this way, Qu Tianming’s approach is less conspicuous and reasonable, right?

Many people came to Qu Li to inquire about the authenticity of this cooperation. From central and local leaders to entrepreneurs, including the boatman brother, they were all jealous. BOE was just lucky: "When will it be BYD Electronics' turn?"

Different people have different reactions to this news. Most people have the mentality of taking advantage of the situation. Some experts and scholars discuss the significance of Honor to domestic enterprises. BOE's stock has continued to rise by the daily limit, and a new wave of speculation in A-shares has begun.

However, Samsung Prince Lee Jae-yong and the person in charge of Samsung Display quickly arrived in Bukjin.

No doubt, this is for them, and Samsung obviously knows it.

As I have said long ago, Samsung’s display production capacity is limited, and if Honor buys it itself, it will not be enough. If Samsung mobile phones sell well, they will even dare to cut off supply.However, Samsung smartphones have been beaten by Honor all the way, and sales cannot increase.

Besides, Honor was initially restricted from purchasing SuperAMOLED, and now Qu Li would rather abandon the magic series of phones than restart OLED screen phones.Although there are reasons for the inherent defects of OLED screens, outsiders have to think about it.

Some American media commented that Samsung’s supply cutoff of OLED screens caused it to lose two important customers: Apple saw Honor’s misfortune and became more wary of Samsung Display.

"I hope both parties can resolve the misunderstanding!" Lee Jae-yong

"Of course, Samsung is an important partner of Honor..." Qu Li sat down calmly