From 1991 to 1996, at least 25 TFT LCD panel production lines were built around the world, of which 21 were built in Japan.

In order to monopolize the liquid crystal market in the world, the entire country of Japan has mobilized. At every link in the supply chain of almost all critical equipment and materials, at least one Japanese company industry is guaranteed to be able to provide qualified products.

For example, Japan's Asahi Glass and Electric Glass Co., Ltd. provide glass substrates for liquid crystal panels, while Nikon and Canon can provide lithography machines. Dry etching equipment manufactured by NEC can also be regarded as the core technology, Nippon Electronics manufactures color filters and polarizers, and Dainihon Printing and Toppan Printing Co., Ltd. can lithograph printing equipment. Nippon Vacuum Technology Co., Ltd. provided ITO conductive film, while Canon provided a mirrored projection system......

It is the combination and efforts of these giant enterprises that have allowed Japan to form a de facto monopoly in the entire world's LCD market.

Panhan Group can solve the driver IC and can provide lithography machines comparable to Nikon and Canon. But again, even if you are covered in iron, how many nails can you twist?

The glass substrate of the LCD panel is basically monopolized by Corning in the United States. Filters and polarizers, which are important core materials for liquid crystal panels, are the world of Nippon Electric. Meteorological precipitation equipment for the production of ITO conductive glass films can only be provided by Applied Materials. The full set of technology of the LCD panel production line is Sharp ranks first, followed by NEC, and Toshiba third.

It can be said that the entire LCD panel industry chain is in the hands of these people.

It is true that the Pan Han Group has made breakthroughs in some technologies. But in the face of these giant companies at the top of their respective industries, there is really not much chance of winning.

So. There was only one choice in front of Zhou Shuo. That is to form its own consortium model organization, the formation of domestic industrial alliances and production chains.

And Wang Zhongyang's BOE. It was Zhou Shuo's first ally chosen.

"Mr. Wang, there are still many difficulties to overcome if you want to produce LCD displays in China." Zhou Shuo took Wang Zhongyang's hand and said deeply: "Not to mention that most of the accessories for LCD panels cannot be provided in China, and the production equipment and technology are also very lacking. Let's just say that there are many details of LCD production technology, and we don't have it yet. ”

"For example, the formula of liquid crystal filling, temperature, humidity, time and technique, all of which are not right, will have a great impact on the quality of the product. Applied Materials' meteorological precipitation equipment is as important as the lithography machine. We currently do not have similar products in China. Not to mention Corning's glass substrates, which have a monopoly on the global market. Even if there is a breakthrough in our Fanhan Group, it is impossible to improve the entire industrial chain by itself. ”

"Therefore, I hope to be able to organize domestic manufacturers who are interested in this, and everyone will form an industrial alliance together. With the goal of forming a 3.5 generation TFT LCD panel production line, we will introduce technology or develop it ourselves, and finally master all the technical details of LCD panel production. ”

Finding BOE is Zhou Shuo's thoughtful, the first is that Wang Zhongyang is extremely concerned about the LCD industry, and it is he who led BOE to support the domestic LCD industry indomitably in history.

The second is to take a fancy to the identity and relationship of BOE. Although BOE has introduced employee shareholding through restructuring, the proportion of state-owned corporate shares in the total share capital is still as high as 45%. Historically, BOE took advantage of the financial crisis in 1998 to acquire South Korea's Hyundai's LCD production line. The purchase price was $380 million, when the acquisition was finally reached in 2002. BOE borrowed 90 million US dollars from a domestic bank group, and this money was led by the imperial city government.

However, after acquiring the production line of South Korea's Hyundai, BOE suffered huge losses for 4 consecutive years. By 2005, the loss reached more than 1 billion.

At this time, it was the imperial city government that made another move, and the imperial branch of the Construction Bank and eight domestic banks borrowed 740 million again. Since then, it has continuously received more than 140 million policy subsidies from the imperial city government.

Therefore, BOE is the son of the domestic LCD industry. Zhou Shuo wants to form an industrial alliance. Pulling them to do it is to get twice the result with half the effort, and leaving them to do it is twice the result with half the effort.

Zhou Shuo's words made Wang Zhongyang fall into deep thought. An industrial alliance, since it is an alliance, must have an alliance leader. With the current gap between BOE and Pan Han Group, how will BOE be positioned? Undoubtedly, BOE has advantages in government resources and identity, but Pan Han Group also has advantages in technology and capital.

In just a moment, Wang Zhongyang thought a lot. He thought of the embarrassment of BOE not having core technology over the years, the white eyes he received when he visited Japan, and the glory and end of the predecessor of BOE, the Imperial Tube Factory......

This scene flashed in front of his eyes one by one, and he immediately made up his mind. Wang Zhongyang gritted his teeth and said vigorously.

"No problem, we BOE are willing to cooperate with Fanhan Group to support you to master the integration technology of LCD panels!"

Zhou Shuo was slightly stunned when he heard his words, then shook his head and smiled: "Mr. Wang misunderstood, our Fanhan Group has no idea of wanting to be an LCD panel assembly manufacturer. I think it's better for BOE to pick up this responsibility. ”

"We?" Wang Zhongyang was dumbfounded, he never thought that Zhou Shuo would send such a good thing to himself.

BOE is responsible for the work of assembly integration, which means that this project is mainly carried out on it. How many interests and how many favors are involved, it really makes people speed up adrenaline secretion just thinking about it.

Wang Zhongyang didn't think that BOE should provoke this banner, otherwise he would not have to go to the pre-research team of LCD technology in the factory. But compared with the qualifications of the Panhan Group, he is really convinced of the vacant position.

"Yes, with BOE as the integration factory, the development of this 3.5 generation LCD production line." Zhou Shuo nodded heavily, and then said with a smile: "Mr. Wang doesn't need to be surprised, although Fanhan Group is interested in the LCD market, the current front has been opened for too long. Our main focus is still on chip production. Lithography machines, wafer fabs and electronic products, this is the industrial chain that Panhan Group is striving to build. At this time, diverting energy to enter the LCD industry will only make us unable to keep up with the pace of international giants. ”

"I just have three chapters of the covenant, and I hope Mr. Wang can approve it."

"Mr. Zhou said, I will do my best." Wang Zhongyang said cautiously.

"On this first point, I hope to be able to invest in BOE with capital and technology. According to my preliminary estimates, the construction of a 3.5 generation LCD panel production line will cost at least 400 million US dollars. BOE itself solves 100 million, and the imperial government either contributes or borrows 90 million to 100 million. The remaining 200 million will be covered by our Fanhan Group. With such two pieces of technology and capital investment, I hope to be able to account for 49% of BOE's shares. ”

Although Zhou Shuo only has 49% of the shares, don't forget that BOE itself is still mixed ownership at this time. 45% is state-owned, and the remaining 55% is owned by employees. In other words, although Pan Han Group does not occupy an absolute dominant share, it still becomes the largest shareholder in one fell swoop. At the shareholders' meeting, only the opinions agreed by the state-owned shares and the employee shares can be obtained. As long as Panhan Group obtains the support of either party, it will gain an absolutely dominant position.

Wang Zhongyang nodded with difficulty and said, "This matter, after I go back, I will raise it with the Imperial City Government and the board of directors, and strive to be able to get through." ”

"The second point, I hope that BOE can establish the idea of self-research and development, supplemented by capital acquisition, and only after fully mastering the relevant technology, will it consider directly acquiring the production line from abroad."

Zhou Shuo is also taking precautions, and Jingdong has suffered a big loss in this regard. When acquiring South Korea's Hyundai LCD production line, Wang Zhongyang was interested in purchasing technology.

However, it did not have the accumulation of technology itself, and after acquiring the production line of South Korea's Hyundai, it fell into a huge loss. Without mastering the technology, the Korean factory was able to control the acquirer in turn. BOE wanted to change suppliers, but the Korean factory objected on technical grounds. BOE wants to parachute its own people to learn technology in the past, but it can't learn the surface for two or three years. On the contrary, a Korean engineer went on a business trip to the BOE factory in China, and the business trip subsidy cost 50,000 yuan a day.

The South Korean factory not only failed to solve the much-needed technical problems for BOE, but carried a heavy burden as a result. Facts have long been proved,LCD panel industry is a capital and technology-intensive industry,Just throwing money will not be effective。

Originally, Wang Zhongyang had no choice but to hope to acquire technology through guò acquisition. But now that he has an ally like the Pan Han Group, his morale has also risen.

So he just thought about it for a moment, and then nodded in agreement: "Cheng, as long as Mr. Zhou thinks it is inappropriate, BOE will not blindly make acquisitions." ”

"Well, there's one last and the third point." Zhou Shuo stretched out three fingers and said sternly: "BOE should take the development of China's LCD industry as its own responsibility, and it must not be swept away after the technology is formed." In a profitable situation, it is necessary to focus on the overall situation of the development of the domestic industry. ”

To put it bluntly, Zhou Shuo now holds the two key technologies of LCD displays in his hands. The more developed the domestic LCD production, the greater the profits will be obtained by Fanhan Group. It's like those gold diggers in San Francisco, USA, it's hard to say which gold digger made money, but the one who sells shovels and jeans on the side must have made a fortune! (To be continued......)