Chapter 160: 90 Billion in Liquidated Damages

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

Looking at his eldest son who has the same temper as himself when he was young, Li Chengxiu just said lightly to his son's retort.

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

"You know, we signed a strategic cooperation agreement. The party that breaches the contract must pay ten times the contract amount, more than 250 billion won, which is almost 20 billion to 30 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 replicated Pioneer's smartphone and established our own Samsung smartphone company."

"I've even seen it. Its performance is not inferior to Pioneer's smartphone. If that's the case, why should we pick up what others have left?"

"It's just more than 20 billion US dollars in compensation. If it can be exchanged for the entire Korean or even the world's mobile phone market, which one do you think is better?"

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

"This... so fast?"

After hearing his father's words, Li Bingcheng also said with an unbelievable look.

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

But technology is something that cannot be broken through just by saying it. Some mobile phone companies even have to invest a lot of money every year to develop new mobile phones.

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

So at the beginning, they had already made a basic strategic development plan, which was to spend 5 years at Pioneer Technology to fully master Pioneer Technology's smartphone technology. By that time, Sanxin Company on their side could 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, which was simply unbelievable.

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

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

To be honest, among the wealthy families, the most common thing is that the father and son fight for power and interests because of the alternation of power and interests, but he doesn't care about this at all. He even appreciates his son's ambition. If he can get himself out of power, it will make him look at him more impressively, because in a huge multinational group like Sanxin.

Without sufficient ambition and strong political means, even if he successfully took over the Sanxin Guild, he would at most be a king who maintained the status quo, and it is not impossible that he would decline under the leadership of his son.

After all, there are too many such examples throughout the past thousand years, and even in modern times.

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

Fortunately, his son has met his requirements for an heir in all aspects.

"You know, according to our preliminary estimates, the global smartphone market size can reach 248 billion US dollars per year, and its overall share can account for 41.8% of the total consumer electronics industry, and this data will increase with the passage of time and the growth of the world's population income."

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

Then, without waiting for his son to speak, Li Chengxiu also smiled and squinted at his son and continued.

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

It was just like what his father said. If their company's own smartphones were mature, then using 10 to 20 billion to exchange for the global mobile phone market would be an extremely cost-effective deal.

You should know that Pioneer Technology's latest Pioneer-class smartphones released in the past six months have brought them a huge profit of more than 100 billion US dollars, and this was also due to the commissions of various distributors.

After going through several procedures, there is still such a huge profit of 100 billion US dollars. It is no wonder that Sanxin Group and some other mobile phone operators are not jealous.

You should know that before them, the mobile phones only made tens of billions of dollars in profits each year, accounting for less than 15% of the overall consumption of the electronics industry. What was unexpected was that Pioneer Technology actually raised the potential of the entire mobile phone industry by itself.

It can be said that Pioneer Technology, relying on its own group, has overturned all electronic products such as MP3, TV, computer, radio, and game consoles, and the market share originally belonging to these electronic products has been swallowed up by Pioneer Technology.

Before this, the biggest innovation that people even thought of was to install music software, that is, MP3, on mobile phones.

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

They can even get more and bigger profits.

"I'm sorry, father, please forgive my rudeness. You are right, I did overreact a little bit."

"I apologize to you!"

After figuring this out, Li Bingcheng came to his senses and bowed to his father beside him with an apologetic look, and then spoke sincerely.

"Don't meddle in politics if you are not in the position. The reason why you can't see this now is that you haven't really stood in this position yet. It's not your fault."

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

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

"But we can't just focus on a small corner. 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 grow and develop, and look at the world. This is what a qualified guild president should do!"

Looking at his son's humble and courageous attitude, Li Chengxiu also stretched out his hands with satisfaction to help his son up, and then spoke seriously as a person who has experienced it.

"Don't worry! Father! I will definitely not let you down!"

After hearing his father's words, Li Bingcheng's heart was also warm, and then he said 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 do it! I think you should know what to do next!"

At this moment, Li Chengxiu smiled and patted his son's shoulder, then spoke.

"Well, I understand!"

"But father, Pioneer Technology..."

After hearing his father's words, Li Bingcheng also nodded, but then he looked at his father with hesitation and said.

After all, no matter what, Pioneer Technology is also the world's largest trillion-level technology company. If you tear your face with them, you are destined to be prepared to bear the wrath of this behemoth.

"Haha! Don't worry! We are in Asia. No matter how long Pioneer Technology's hands are, it is nothing more than jumping around in the United States."

"Want to reach out here?! It's too naive, and he can solve his own problems first before talking about our problems."

After hearing his son's words, Li Chengxiu's eyes flashed with a cold color, and then he said disdainfully.

"By the way, Lisa, the vice president of their company, is indeed a very capable woman, and she is also the oldest member of the founding team following their chairman Killian. Killian never cares about the affairs of Pioneer Technology, and it has always been this woman who handles it. She will come to the Korean branch to inspect in a few days. You can try to contact her and see if you can dig her up."

"If we can win her over, maybe we can learn a lot of secrets about Pioneer Technology from her! For example, why their overall technology is so advanced!"

Li Chengxiu suddenly thought of something, and a gleam of light flashed in his eyes, and then he immediately told his son.

After all, Pioneer Technology's technological level is recognized to be decades ahead of the entire human civilization, and the specific problems, although all kinds of rumors have spread from the outside world, no one has ever figured out what it is.

Now that there is a chance to contact the vice president of Pioneer Technology, maybe we can know this secret.

...

The next day, Killian came to the office and welcomed Vice President Lisa, who had been running various businesses outside and had not seen for a long time.

After not seeing each other for a long time, this young European and American woman who used to be hot and slim beside Killian and showed off her hot body during work has now changed her previous style.

A capable but very soft white outerwear plus a black long skirt inside gives people a hazy beauty, and even makes people's eyes light up when they see it.

It can be seen that Lisa has definitely put a lot of thought into her matching.

Especially with the pair of straight and round long legs completely wrapped in black stockings, it looks charming and very tempting.

Killian values ​​his former secretary in front of him, a compound management talent.

At least since Lisa took over for so long, the company is still developing steadily without any problems.

"Boss!!"

After pushing the door in, Lisa saw Killian and walked up to him, handed the documents in her hand to Killian, and then smiled.

"How is the company now?"

After motioning Lisa to sit down, Killian also asked.

"According to our accurate information, Sanxin, Apple and other large telecommunications companies and OEM factories have already unilaterally terminated the contract with us. These companies have announced the news on their official websites and local newspapers this morning."

"We have also received a total of 90 billion US dollars in transfer liquidated damages in our account."

"I have to say that they are quite formal in fulfilling the contract."

After hearing Killian's question, Lisa told Killian everything she knew, and finally handed Killian the transfer records of the liquidated damages.

"Ha! They are really active!"

After seeing the transfer screenshots handed over by Lisa, Killian couldn't help but be amused.

In order to clear their reputations, these companies even paid the liquidated damages first.

"Of course, according to our judgment and market tracking, they have 100% mastered the research and development and production technology of smartphones, and have even built a special production and processing plant, waiting for us to pay the liquidated damages before starting production."

"After all, as a qualified capitalist, I will never do a loss-making business."

After hearing Killian's words, Lisa nodded in front of him and expressed her own opinion.

"Tsk tsk, I didn't expect that we would have competitors in the same industry so soon. This is beyond my expectation."

"But what about their configuration?"

"What route do you think they will take?"

At this time, Killian also said with a face full of emotion.

He has always copied others, but he didn't expect that one day he would be copied by others.

"In terms of configuration, they are definitely not as good as ours. Unless they can crack our inherited projection virtual reality technology and intelligent system, they can't compete with us at all."

"And our current pioneer-class smartphones are equipped with the best quality accessories, so even if we reduce costs and profits, they still cost thousands of dollars, which is not friendly to the low-end market."

"Many people can't even afford it because of economic pressure, and we can't sell it at a low price because we can't reduce the configuration."

"So according to my speculation, they can only go the low-end route, or even go directly to the low-end route, open up the market at a very low price, and occupy the low-end market."

After hearing Killian's question, Lisa thought for a while at this time, and then spoke to the boss in front of her with a serious face.

"But boss, you can rest assured about this issue. We have combined Dr. Otto's design and Dabai's assistance to develop the latest convenient version of smart phones!"

"Although it does not have the functions of cutting-edge models such as virtual projection, we can achieve real-time cloud data connection through current satellites, and put many functions of high-end mobile phones into the convenient version of mobile phones through cloud data."

Then, before Killian spoke, Lisa followed up.

Then she took out a latest test machine from her body and handed it to Killian.

"We call it the Innovator!"

"Boss, what do you think?"

After watching Killian take the phone and start testing it, Lisa asked.

"Well, it's very good. 16-256 and 16-512g, the storage is enough."

"Well... the cloud service signal transmission is also very fast, with a speed of 100 megabits per second, which is good. Many software on the mobile phone can be easily installed on the cloud service, and it is also very smooth to use."

...

"There is also an ultra-high-definition camera and smart assistant 'Dabai' here."

"Very good, that's it, what do you think about pricing?"

After conducting various types of tests and comments back and forth, Killian put it down with a satisfied look, and then looked at Lisa in front of him and said.

"We are planning to sell it for $200-400."

"Because we are now expanding into the energy sector, construction robots are already able to complete autonomous mining, so almost 80% of the accessories and materials are produced and sold by us, so the cost is fundamentally reduced."

"The lowest-end 16G RAM-256G body storage and a processor equipped with our pioneer-level 013 series chip are priced at $200."

"The highest is 32-1024G, with a 01 series chip processor priced at $400."

"In general, although the various hardware functions of the body itself are not installed, most of them are restored in the form of cloud services."

"It is the best choice for people who are convenient for the people."

After hearing Killian's question, Lisa answered truthfully at this time.

"Well, very good, let's do it!"

"Since others have given us a great gift, we have to give it back no matter what."

"I want to let them know that no matter what industry they are in, they can only eat if I allow them to eat!"

"And if I don't allow them, they can't snatch it!"

After Lisa finished her report, Killian turned his back with a serious face, and then said with the momentum of a superior.

At this moment, in Lisa's eyes, it was as if she saw the leader of the country, who was awe-inspiring, cold and serious.

"Oh, by the way, the boss, the communication company headed by Sanxin, began to announce that it would no longer support our 4G signal facilities in the country, and we need to pay for it."

"And Apple in California also announced that if our model facilities still rely on their equipment, we need to pay."

At this time, after coming to her senses, Lisa reported the remaining matter.

"Haha, I knew it. They are just a bunch of greedy vampires, wolf cubs that can never be tamed."

"Do they really think that they can control us by cutting off our company's ground signal base station?"

"They are eager to cross the river and destroy the bridge without even knowing the opponent's backhand. Haha, they are just a bunch of stupid pigs who are seeking their own death."

After hearing Lisa's words, Killian sneered with disdain.