American comics: Traveling through Killian, I am the master of technology

Chapter 160 Sky-high liquidated damages of 9 million (page 12)

"Tell me! What do you want to know!"

Looking at the eldest son in front of him who had exactly the same temper as him when he was young, Li Chengxiu just said lightly in response to the other's rebuttal.

"I just want to know one thing, why we want to terminate the contract with Pioneer Technology."

"You must know that we have signed a strategic cooperation agreement. The party that breaches the contract will have to pay ten times the contract amount, which is more than 200 billion won, which is almost 300 to billion US dollars."

Looking at his father in front of him, Li Bingcheng spoke again.

"It's very simple, that's because our laboratory has successfully reproduced Pioneer Technology's smartphones and established our own Samsung smartphone company."

"I have even seen it, and its performance is not inferior to Pioneer Technology's smartphones. If this is the case, why should we pick up what others have left behind?"

"It's just more than 200 billion US dollars in compensation. If you can exchange it for the entire mobile phone market in South Korea or even the world, which one do you think is better?"

Looking at his son who still insisted on his own ideas in front of him, Li Chengxiu straightened his body, looked at his son beside him with a serious face and said.

"This...so fast?"

After hearing what his father said, Li Bingcheng also said with a look of disbelief.

As the heir to Sanxin Company, Li Bingcheng naturally knows the technical complexity and huge market of the mobile phone industry.

However, it is impossible to make breakthroughs in technology. Some mobile phone companies even have to invest a lot of money every year in order to develop new mobile phones.

And if they want to develop from scratch to the level of Pioneer Technology's current smartphones, it will even take decades and a lot of investment of financial and material resources.

So at the very beginning, they had already made a basic strategic development plan, which was to fully understand Pioneer Technology’s smartphone technology in five years. By that time, their own Sanxin Company can also legitimately start the mobile phone industry.

But what he didn't expect was that his father actually said that in just over half a year, or even less than a year, their company had mastered Pioneer Technology's smartphone technology. This was simply unbelievable.

"What do you think? Do you think your father has reached old age and has lost all basic normal thinking? Has he become an old fool?"

Looking at his son's shocked eyes, Li Chengxiu looked at him with a half-smile, and then spoke.

To be honest, among wealthy families, the most indispensable thing is the father and son fighting for power due to the alternation of rights and interests, but he doesn't care about this at all. He even admires his son's ambition. If he can be removed from power, it will make him even more powerful. It’s impressive because in such a huge multinational group like Sanxin.

Without enough ambition and strong political means, even if he successfully takes over the Sanxin Guild, he will be nothing more than a conservative king at best, and it is not impossible that he may even decline under the leadership of his own son.

After all, there are not many such examples if we look at them for thousands of years, and there are even many in modern times.

So compared to a mediocre son, he prefers to have an ambitious and strong heir.

Fortunately, his son met his requirements for an heir in every aspect.

“You must know that the global smartphone market size, according to our preliminary estimates, can reach 2480 billion U.S. dollars every year, and its overall proportion can account for 41.8% of the total proportion of the overall consumer electronics industry, and this data will continue to be accompanied by As time goes by, the income of the world’s population increases.”

"Which one do you think is better for us to spend one to two billion US dollars in compensation in exchange for a huge global mobile phone market worth hundreds of billions of US dollars?"

Then, without waiting for his son to speak, Li Chengxiu looked at his son with a smile and narrowed his eyes and continued.

After hearing his father's words, Li Bingcheng also fell into silence.

Indeed, just like what his father said, if their company's own smartphones are mature, then using one or two billion to exchange for the global mobile phone market would be an extremely cost-effective deal.

You must know that the latest Pioneer-class smartphone released by Pioneer Technology in more than half a year last year brought them huge benefits of more than 100 billion US dollars, and this was also due to the various distributors taking a cut. .

After several procedures, there is still such a huge profit of 100 billion US dollars. It is no wonder that the Sanxin Consortium and some other mobile phone communication companies are not jealous.

You must know that the mobile phones before them only made tens or tens of billions of dollars in profit every year, accounting for less than 15% of the overall consumption of the electronics industry. What they didn't expect was that Pioneer Technology actually used its own This power has increased the potential of the entire mobile phone industry.

It can be said that Pioneer Technology, relying on its own group, has overturned all electronic products such as MP3s, TVs, computers, radios, game consoles, etc., and the market share that originally belonged to these electronic products has been completely swallowed up by Pioneer Technology .

The biggest innovation that people even thought of before was installing music software on mobile phones, that is, mp3.

And now... if their Sanxin company starts to expand in the smartphone industry.

They can even make bigger profits.

"Sorry, Father, please forgive me for being rude. You are right. I did overreact."

"I apologize!"

After thinking about this, Li Bingcheng came to his senses and bowed to his father next to him with an apologetic expression, and then spoke sincerely.

"If you are not in your position, you will not be able to achieve your goals. The reason why you can't see this now is because you haven't really stood in this position yet. It's not your fault."

"Sometimes if a person wants to broaden his horizons and want to change, he can only do it after he really sits in that position. Adherence, I know your ability!"

"Definitely not weaker than the successors of other plutocrats in our country, and even much stronger than them."

"But we can't just focus on one corner of the country. South Korea is big! But it's also small. It's big enough that we can control the entire national industry, but it's too small to accommodate our further development."

"So we want to continue to develop and expand, and setting our sights on the world is what a qualified guild president should do!"

Seeing his son's attitude of being so humble and courageous in admitting his mistakes, Li Chengxiu was satisfied and stretched out his hands to help his son up, and then spoke seriously as an experienced person.

"Don't worry! Father! I will definitely live up to your expectations!"

After hearing his father's words, Li Bingcheng also felt warm in his heart, and then he spoke sincerely.

"Well! I have always believed in you. The company you took over last year brought hundreds of billions of won in revenue to our group. I am very satisfied."

"Just go ahead and do it! I think you should know what to do next!"

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