Only after being reborn did I realize how fascinating the world of the rich is.
Chapter 512 Investing in Chip Foundries (2)
After hearing Secretary Li's words, Li Xiaofeng's expression became serious.
"In other words, the technology they brought us is completely uncompetitive on a global scale?"
Secretary Li nodded and said with a wry smile, "Otherwise, how could they have gone bankrupt? Most chip companies would definitely give their orders to larger, more technologically advanced companies."
"How dare they make such harsh demands on us?"
Secretary Li shook his head helplessly: "They just took advantage of our weak domestic chip industry and our eagerness to develop it. They've got our pulse right."
Furthermore, there are very few countries in the world that can master the chip industry. Although they are not the most advanced, they certainly have reason to be proud.
I have contacted many entrepreneurs, hoping they would invest in the chip industry, but they immediately backed out after hearing the conditions offered by those people.
Let's be frank, with such stringent investment conditions, an uncertain industry outlook, and formidable competitors, this is definitely a long-term venture; it's unlikely to be profitable in the short term.
Li Xiaofeng took a deep breath and then exhaled heavily. He recalled how, in his previous life, the United States had held him back in the chip industry, and he felt a surge of anger.
Although China already has a top-tier chip foundry like Chip International, it has always lagged behind foreign chip foundries in chip manufacturing processes.
In addition, to form an industrial cluster, there must first be an industry, and then the industry can attract talent. The larger the scale of the industry, the more talent it can attract. Otherwise, the talents trained by major universities in China can only go abroad to work.
The problem is, how can one survive when technologically inferior to others, facing fierce competition from foreign chip foundries, and even government suppression?
Perhaps knowing Li Xiaofeng's concerns, Secretary Li patted his chest and said with some excitement, "Xiaofeng, the country is now very determined to develop high-tech industries."
No matter how great the difficulties, we must develop our own high-tech industrial clusters, as this is a matter concerning the future destiny of the nation.
As long as you are willing to invest, I will immediately report to my superiors. Wherever you invest, I will go there and personally protect and support you.
If you need me, I can even swallow my pride and personally help you attract clients and carve out a path for you.
In addition, this technical team from the Bay Area, although their factory has closed down, still has some clients.
I believe this is a good time to develop the chip industry. Technology is the primary productive force, and developing high-tech industries is an inevitable trend, which will also benefit you personally.
"If your Li Group can make a name for itself in the high-tech field, I dare not say anything else, but for the next three generations of Li Xiaofeng, your Li family will definitely have smooth sailing!"
Hearing Secretary Li's words, Li Xiaofeng was deeply moved. If he could really make a name for himself in the high-tech industry, he might have the chance to be draped in the national flag after his death and enjoy the honor of being admired by thousands of people along the street.
By then, it won't be just empty talk that our descendants will receive special care for three generations.
Another point is that, based on Li Xiaofeng's past life experiences, he knows that a few years from now, when the real estate market starts to decline, it will be the time when the competition with the United States will be at its most intense.
By that time, all industries were in a slump, and many people had a lot of money but didn't know where to invest it. Apart from real estate tycoons, some big entrepreneurs who blindly invested in the wrong places ended up in dire straits.
Many business tycoons with assets exceeding 10 billion have almost gone bankrupt in just a few years, and the wealth of many more business tycoons has shrunk dramatically. The business tycoons who have the last laugh are either in stable traditional industries or high-tech industries.
Even disregarding the Li Group's other businesses, Li Xiaofeng's real estate holdings alone are foreseeable to be worth over 100 billion yuan in the future.
If such a large sum of money isn't planned in advance, it can only sit in the bank earning interest. Even buying government bonds wouldn't be enough to cover hundreds of billions of yuan.
If this money were invested abroad, given the complex international situation I remember from my previous life, without the support of a national power, it might have been swallowed up by that force, and I might not even have been able to save my life.
Although investing in the chip industry now seems unprofitable, risky, and requires a large investment, considering the future economic situation and for the sake of future generations, this money should be invested.
Thinking of this, Li Xiaofeng took a deep breath, calmed himself down, and said seriously, "Secretary Li, it's not impossible for me to vote, but we can't agree to all their conditions."
These people are unreliable. We must rely on their strength to cultivate our own people. Therefore, the right to operate and manage can be temporarily in their hands, but the final decision-making power must be in our own hands.
In addition, we must have an additional condition: besides the top technical talent we recognize, new employees must be recruited from domestic universities.
One of the key objectives of our development of high-tech industries is to solve the employment problem for domestic high-tech talent. If they're unwilling to even do that, let them find someone else they want!
Upon hearing Li Xiaofeng's agreement, Secretary Li's face lit up with excitement, and he quickly said, "Of course, doing business always involves bargaining. Everyone has to make a profit. Even if we are eager to develop, we can't let others benefit from our efforts."
"Secretary Li, there's one more thing. The Li Group has sufficient collateral assets, but its cash flow is insufficient, so it needs to obtain mortgage loans from banks."
Furthermore, after collective discussion, our group has decided to increase our overseas investment, taking advantage of the current rapid development of the domestic economy. We are considering borrowing more money from banks and hope you can help us solve our funding problem.
"Getting a loan from the bank is no problem. We have industrial policies that give priority to the development of high technology. I can help you coordinate that. But you can't do anything reckless and take the money and then turn around and invest in real estate."
"Don't worry, if I wanted to get into real estate, I would have done it already, wouldn't I?"
"Besides investing in chip foundries, what other projects do you plan to invest in?"
"One is the investment from companies within our Li Group. Although our Li Group's companies are not high-tech, they are all related to people's livelihood and cultural industries, so we should support them!"
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