Xiaomi Heavy Industry, its first entrepreneurial venture!

Chapter 227 Adding Fuel to the Fire! (Second Update!)

After staring at the document for a long time, Steve finally put it down, then leaned forward, resting his elbows on his knees, maintaining a scrutinizing posture, and stared intently at Lei Jun:

“Mr. Lei Jun, for the sake of this authorization document, I have decided to modify yesterday’s terms.”

"Of yesterday's terms, the clause regarding the bundled sale of low-end chips has been removed; all others remain unchanged."

"If Mr. Lei is satisfied, then we will formally sign the cooperation agreement, and this authorization document will belong to us."

As he spoke, Steve made a move to pick up the authorization document, but his hand was stopped by Lei Jun as soon as it touched the document:

"Don't worry!"

With his hand on the document, Lei Jun slowly raised his head and said with a half-smile:
“Mr. Steve, I don’t think the conditions you just mentioned are very good.”

"The price of those flagship chips needs to be reduced."

"The related patent licensing fees also need to be reduced."

"Furthermore, we also need priority in chip supply. Whenever there is stock, as long as we need it, it must be provided to us first."

Listening to Lei Jun's demands, Lin Bin quietly swallowed.

This demand cannot be called pushing one's luck; it's more like a dragon riding right into one's face.

This is practically like jumping on someone's head, stepping on their head, to demand that they agree to your conditions.

If it were me, I wouldn't even agree; I'd slap him across the face.

He'd drunk so much horse urine that he'd forgotten who he was.

He swallowed his saliva and secretly winked at Lei Jun, hoping that Lei Jun would know when to stop.

But Lei Jun did not heed his hint.

Instead, he continued to stare at Steve, their confrontation unending.

Just as Lin Bin was about to speak up and offer a reminder, Lei Jun spoke up next:

“Mr. Steve, I think you understand better than I do how important this high-performance battery is to you.”

"Admittedly, you can let your customers continue to use low-performance batteries, but whether consumers will accept it is another matter."

"Consumers may continue to use low-performance batteries until they see their performance."

"But once they see the absolute performance, they will absolutely not compromise themselves and continue using those low-performance batteries."

"So, Mr. Steve, let go!"

"Agree to my conditions, and it will benefit both of us."

As Lei Jun spoke, Steve continued to lean forward, almost touching the other man's face.

Steve let out a soft breath, tilted his head, and said with a smile:

“Each customer’s system is set up differently, and our chips are also specially tuned for each customer.”

“If I remember correctly, Mr. Lei Jun, you yourself said yesterday that although your company has been established, it has not yet officially opened for business.”

"You don't even have a sample machine, so what right do you have to make me agree to your conditions?"

"You're right, we do need technical support related to this battery."

"However, we do not accept threats."

As soon as he finished speaking, Steve pressed down on the authorization document and then forcefully dragged it in front of him.

Unfortunately, Lei Jun still held onto the file, and he couldn't move it.

Lei Jun followed his movements, leaning forward, and this time, their heads bumped together.

Two pairs of eyes stared at each other:

"I am not in a position to negotiate with you right now, but Xiaomi Heavy Industry is."

"In the future, my Xiaomi will also be qualified."

There is an old Chinese saying: "Those who follow the right path will find many supporters, while those who stray from it will find few."

"You can certainly make a fortune by earning high patent licensing fees now."

But what about the future?

“We can make even more money in the future!” Smith interrupted Lei Jun, cutting him off from what he was about to say.

This interruption made Lei Jun forget what he was going to say.

But then he remembered what Lin Yi had told him back then.

After a moment's hesitation, he decided to concede some of the terms:

“Mr. Steve, I agree to your bundling of low-end chips.”

"However, I think the corresponding ratio needs to be adjusted. If you agree, we can sign the licensing agreement now."

"What do you think?"

Seeing that Lei Jun was starting to back down, Steve also stopped pressing him. He quickly went through the ratio of low-end to high-end chips in his mind and decisively adjusted the conditions: "28, 20% high-end chips and 80% low-end chips."

"As for priority supply rights, I can agree to your conditions as long as you can consume 300 million chips per year."

The number 300 million pieces made Lei Jun's face twitch involuntarily, and his body, which had just moved back, leaned forward again:
"46! I also need flagship chips to maintain my style. If there are too few flagship chips, I can't maintain my style."

"As for the 300 million chips."

"Global mobile phone shipments last year were approximately 12 billion."

"80% of these are feature phones, and all 80% of these feature phones use MediaTek chips."

“Since MediaTek started using turnkey solutions, they have been making a fortune every year.”

"Only you guys are still putting on airs."

"In two years, everything you have could be taken away by MediaTek."

"Put down your boring airs and learn from Intel. Think back to how Intel dealt with its competitors back then."

Upon hearing Lei Jun suggest Intel, Steve immediately let out a soft chuckle:
"As if you've ever worked with Intel?"

Hearing the other party's contemptuous words, Lei Jun's eyes widened: "I actually did it!"

"In short, agree to my conditions, and you'll have a maximum of three years."

"Three years from now, I'll show you what the market is all about!"

"Two years!" In the end, Steve finally relented.

Because Lei Jun mentioned Intel.

When Intel first launched its operating system, it wasn't significantly different from other operating systems.

Back then, you needed to use floppy disks to install hard drives, which made them difficult to sell and difficult to buy.

As a result, many people started to pirate the content.

If someone is selling pirated copies, then naturally no one will buy the genuine products from the merchants. Gradually, several companies began to crack down on piracy.

At this point, Intel began to focus on the big picture, concentrating its attention on large companies that used the system, while neglecting individual users and small companies.

With this move, Intel's Windows system was quickly rolled out and became the world's most widely used PC operating system.

Now, these troublemakers at MediaTek are following a similar path.

You want to manufacture mobile phones?
Sure, as long as you pay, I can design all the plans and hand over the keys.

Do whatever you want!
Rivals are rivals; if MediaTek takes a bigger bite, Qualcomm takes a smaller bite.

Across from him, Lei Jun slowly straightened up, staring intently at Steve, while simultaneously replaying the scene in his mind. Didn't this guy just agree to two years?

It seems so?

should be!
Since he said two years, does that mean he agreed to other conditions?

But it seems like they didn't say that!
At this moment, Lei Jun felt that his mind was in complete chaos, and he also hated himself for not paying attention earlier.

Taking a deep breath, he whispered to the person in front of him, seeking confirmation: "Mr. Steve, did you agree to other conditions?"

Steve sat on the sofa and slowly raised his head to look at Lei Jun:

"Yes."

"You have priority access to the chip supply. No matter when you come, as long as you need chips, we can provide them to you."

"Then the ratio of flagship chips to low-end chips, as you said, is 46."

"Then there's the price of the chip and the licensing fee."

"The price we discussed earlier is split in half."

"These conditions apply to your Xiaomi, and even more so to Xiaomi Heavy Industry."

"And all of this is predicated on two years,"

Fearing Lei Jun wouldn't remember, Smith raised two fingers of his right hand:

"Two years. I don't care whether you have established a company or not. Within two years, your mobile phone shipments must reach 100 million units."

"If you fail to meet the requirements, it will be considered a unilateral breach of contract on your part."

"Breach of contract? Then pay up!"

"Also, after the cooperation agreement is signed, we need to issue a joint strategic partnership announcement!"

"If you agree, let's prepare the cooperation agreement now, sign it within this week, and we can start working next week."

The terms are very favorable, at least for Lei Jun, who currently has little say in the matter.

Regarding the joint strategic partnership announcement…

"I need to ask!" Lei Jun's face showed an apologetic expression. He then turned and walked to the window, took out his phone, checked the time, guessed that Lin Yi was still awake, and made the call directly.

Once the call connected, Lei Jun quickly and concisely explained the whole situation. Holding the phone, his heart was in his throat as he waited for a response.

A few seconds later, Lin Yi's voice came through the receiver:

"Sure, it's just a strategic partnership, sign it without hesitation!"

Having received a response, he turned to Steve and said, "Mr. Steve, Xiaomi Heavy Industries has agreed to sign a strategic partnership agreement."

"Announcements can also be issued."

"It's evening in China right now, so the relevant cooperation agreement can only be provided after we start work tomorrow."

Having gotten what he wanted, Steve waved his hand dismissively:

"Once it's agreed upon, there's no need to rush."

"Let's take a couple of photos first, then I'll send out some messages."

After telling Lei Jun his intentions, Steve walked out of the office, called his secretary in, tossed the camera to her, and then turned to stand beside Lei Jun and Lin Bin. The three of them posed and smiled at the camera.

The secretary took out her camera and snapped a picture, recording the whole thing.

After taking the photos, the secretary left with the camera, while the three people in the office began to discuss the preliminary details.

At 3 p.m., a new article appeared on Qualcomm's official website.

[The first meeting between Steve, VP of Sales at Qualcomm, and Lei Jun, Executive Director of Xiaomi Heavy Industry.]

Under a large title, there is a photo of two people sitting on a sofa, and one person standing behind the sofa.

The three of them looked at the camera and smiled very gently.

Below the picture, there was no lengthy explanation, only a few simple sentences.

[Mr. Lei Jun, Executive Director of Xiaomi Heavy Industry, visited Qualcomm to discuss the best pairing of high-performance power supplies with high-performance chips.]

It's a bit childish and makes people even more confused.

Although the pictures and text are somewhat childish, it doesn't stop stock market investors from having wild imaginations.

In their eyes, Qualcomm and Xiaomi Heavy Industry have merged, and they will soon be able to dominate the global mobile phone market with chips in one hand and high-performance batteries in the other, sweeping all the previous mobile phones into the trash heap.

Then begin your path to becoming an oligopoly.

With such positive news, Qualcomm's stock is sure to rise!
buy!
Buy now!

Stud!

All in is a kind of wisdom!
Unfortunately, the American stock market closes at 4 p.m., and by the time these investors realized what was happening and wanted to buy stocks, the market had already closed.

…………

"Yesterday, the gains of the stocks we held all slowed down."

"But it's still terrifying; Chilean chemical and mining stocks have risen by 124% from Monday's prices."

"Fumis rose by 113%."

"Talison's stock price rose by 117%."

"Finally, there's Galaxy Resources. This company was particularly outrageous yesterday, with its stock price rising by 143%, but the mines haven't even started operating yet. I don't know why those people are chasing this company's stock."

While complaining, Ji Shuangshuang handed the document in her hand to Lin Yi:

"Also, we received news from the agency that someone has contacted them, wanting to buy our shares."

"But you said before that you wanted to proceed according to the original plan, so I had the agency directly reject it."

Looking at the encouraging figures on the document, Lin Yi was in a great mood.

If this trend continues, the $12 million I invested should turn into $1.2 billion when I finally cash out and run away.

When the time comes, I'll sell these stocks, take the money, and use it to acquire a stake in Chilean chemical and mining companies.

By controlling a portion of the company's shares, I can at least avoid worrying about lithium supply for the next few years.

He put down the file, logged into the spokesperson account he had registered two days earlier, and tapped lightly on the keyboard. In just a few minutes, he had edited a tweet.

[Editor-in-Chief of Science, what other evidence do we need to provide to prove the authenticity of our paper?]

If submission is not required, please provide the evaluation results of our company's products as soon as possible.

If submission is required, please specify the submission method. If it's too complicated, we will submit the evidence in our own way.

After checking the tweet from beginning to end to confirm there were no grammatical errors, Lin Yi dragged the mouse and clicked send.

Because of the text and image broadcasts in the past two days, the two spokesperson accounts registered by Lin Yi suddenly gained hundreds of thousands of followers.

The moment the two tweets were posted, the comment section below them became a complete mess.

Some people are accusing Lin Yi of colluding with capital to maliciously inflate stock prices.

Some people are also criticizing Lin Yi for not disclosing the news earlier, which caused him to miss the opportunity to buy the stock.

While these people were criticizing Lin Yi, they were also criticizing Science, asking why they hadn't produced any results yet, and calling them pigs.

While these people were hurling their insults at the height of their anger, Lin Yi edited a new tweet and clicked send.

We'll be announcing something great this Friday at 10 AM!

(End of this chapter)