Chapter 506 Liquid Crystal Technology Patents

After the meeting, Yang Wendong said to Lin Youqing beside him: "We will negotiate with them later. As long as the request is not too outrageous, we can consider it."

"How much is the investment?" Lin Youqiang asked uncertainly.

Over the years, he has followed the growth of Changxing Group and participated in many investments or technology purchases for European and American companies, but this is the first time he has encountered a direct investment in a company that has no products at all.

Yang Wendong thought for a moment and said, “It’s really hard to say. Investing in such a small business is called venture capital, which literally means that it carries a lot of risk.
Especially for the earliest investments, which don’t cost much, the purpose of investment is to help capable companies achieve their strategic goals;
For example, if a company needs $100 million to do something, as long as it is determined to be a reasonable demand and has a certain future, it will invest $100 million. The shares can be negotiated, but the amount cannot be small, otherwise it will not achieve its goal. An investment of $80 may be wasted, but $100 million may gain an industry worth more than $300 million, or even more in the future. "

"I understand." Lin Youqi nodded.

Yang Wendong smiled again and said, “Investing in technology companies generally follows this logic. These companies are different from traditional companies. If they really develop, it will not be the turn of outsiders to invest.

So everyone is investing in the early or mid-stage. In this regard, if you spend more time to understand the development process of many Silicon Valley companies, or investigate the history of ARD, you will better understand what venture capital should do. "

In the era without the Internet, ordinary people could not get in touch with fields that they were not involved in. Even in the investment field, there were many types involved. Even in the Internet age, everyone is only familiar with famous Internet companies. If you ask someone who invests in the Internet to invest in the chemical industry, he will be completely in the dark.

In the early years, Lin Youqi acquired and invested in many traditional industries in Europe and the United States on behalf of Yang Wendong, such as supermarkets, patented technologies, production lines, poaching, etc. These were his specialties, but he did not know much about technology-based enterprises;
But it doesn’t matter. Technology companies are just starting out now, and everyone has time to gradually understand them.

"ARD? Okay, I'll go check it out specifically." Lin Youqiang agreed.

Yang Wendong smiled and said, "There's no rush for this, let's go to the next stop now."

Now that I have finally come to the United States, I naturally have to take care of many things at once, and investing in the future of Intel is just one of them.

On June 6, Yang Wendong arrived in New York;

After seeing the large number of buildings outside from inside the car, Yang Wendong suddenly thought of something and immediately asked Lin Youqi beside him: "Is there a real estate company called TLP Real Estate Company in New York City?"

"Yes, there is such a company. The founder is called Fred." Lin Youcheng has been in the United States for many years. He knows many celebrities in American society. Seeing that the boss seemed to be a little interested, he asked, "Mr. Yang, do you also want to invest in real estate in New York? Or this company?"

Yang Wendong smiled and said, "No, I'm just asking."

He will not participate in some political figures or major events in the United States or other countries, at least not now, and in the future he will just go with the flow, but he will not offend any party.
For example, even though he knew about the major event that happened in the United States in 1963, he just kept silent.

Today, I just suddenly thought of TLP. Naturally, it is even more impossible to do anything. After all, it is still decades away. However, there may be simple business cooperation. I can't say that we have a good relationship, but at least we don't have an enemy relationship. It's okay to have some relationship.
Once again, because of his existence, the further away history is from the present, the greater the impact may be, and no one knows what will happen in the future.

Half an hour later, the car drove to a building where many staff from Changxing Group's US branch were already waiting.

After getting off the car, Yang Wendong looked up at the top of the building. At the top of the building were three big words "RCA". This was his destination today.

"Mr. Yang, this is the headquarters of the American Broadcasting Corporation." Lin Youqiang introduced.

Yang Wendong nodded and said, "It is indeed magnificent. This building is definitely the best in Hong Kong."

"Buildings in New York are generally taller." Lin Youqi laughed, "The World Trade Center in New York started construction two years ago, with a total investment of US$7 million. It will build two 110-story buildings. Such heights are simply unimaginable in Hong Kong."

"World Trade Center?" Yang Wendong didn't say anything else.
Now, he felt that the society was gradually developing towards something similar to what he remembered from his previous life; many well-known companies, buildings, and figures were appearing on the historical stage one after another;
It's not so bad. He had been in Hong Kong for the previous ten years, and his influence on many people around the world was not that great. At least for some people in the 70s, he still had the help of the prophet's golden finger. As for after the 80s, even if some business history really changed, it doesn't matter.

With 20 years of hard work to build a business empire, plus the foresight of external situations, it is enough. After all, many national and international events cannot be affected by his existence. At this time, a group of white Americans walked out of the RCA building. The leader communicated with Lin Youqing and came to Yang Wendong: "Hello, Mr. Yang, I am Thomson, the vice president of RCA."

"Hello, Mr. Thomson." Yang Wendong shook hands and said.

Thomson said, "It's a bit hot outside, how about we go inside the building?"

"Okay." Yang Wendong agreed naturally.

Then a group of people followed Thomson to the interior of the RCA Building. Thomson and his team also introduced some of their company's technologies, scale, industry, etc. to Yang Wendong and others, which also benefited Yang Wendong a lot. This is a group with a scale far greater than his own business;
Such a group can only be said to be at the bottom of the top 50 in the United States. This is enough to show how ridiculous the big fish raised in a fish pond are when facing marine life. If you want to grow bigger, you have to go out.

Everyone came to a conference room, and two blonde beauties poured coffee for everyone.

When the formal meeting started, Thomson asked directly, "Mr. Yang, I wonder what kind of cooperation you are here for in our company this time?"

RCA and Hong Kong's Changxing Group had collaborated many years ago;
As the largest TV production group in the United States for decades, as mainstream American families began to replace color TVs, the previous black-and-white TV production lines and technologies were useless. At this time, people from Changxing Group came to the United States to negotiate with them for the purchase;
If one wants to buy and the other wants to sell, that would be the best;

Later, when Changxing Group was developing markets for many of its products in the United States, it also looked for RCA to promote them, because RCA owned NBC, one of the three major radio and television stations in the United States, which controlled one-third of the ratings in the United States.

Therefore, RCA also has some knowledge of this overseas consortium that can provide its group with more than one million US dollars in revenue a year. They know that it is one of the largest overseas consortiums in Hong Kong and even in Asia, and is very influential in the Southeast Asian region.

Such an Asian consortium has no conflicts in cooperation with RCA, and the Southeast Asian market is also the backyard of its biggest rival, the Japanese TV brand. Therefore, RCA Group attaches great importance to the visit of Yang Wendong, chairman of Changxing Group, and hopes to achieve some deeper cooperation.

Yang Wendong actually liked this directness, so he said, "Mr. Thomson, I want to buy the liquid crystal patent that your company invented earlier this year."

1968 was a magical year. Many electronic technology companies were established and many electronic technologies emerged, among which the most famous was liquid crystal technology.

At the beginning of this year, RCA announced the first LCD screen in human history. Although it was very small, it was the ancestor of future LCD technology and had a far-reaching impact on the future electronics industry.

As a time traveler, it is impossible for him to conduct this kind of research in the environment of Hong Kong. There is absolutely no possibility of success, but it is still possible to purchase it.

"You want to buy LCD technology?" Thomson was stunned for a moment, then asked, "Although we have invented this technology, it is still not commercially available. What do you want this technology for?"

RCA's ambition is to use this technology to make a very thin TV, especially at a time when Japanese color TVs are entering the U.S. market on a large scale. They also understand that it is impossible to compete with Japan in terms of cost, so they can only compete in technology.

After trying for a while, I found that it was impossible to do it. One reason is that the LCD can only be made into thin slices the size of a fingernail. Once it is made bigger, the scrap rate is so high that people want to smash the machine.

The second is the limitation of LCD technology. The display is too slow. It cannot react to simple binary signals. The human eye can see its changes. This display speed cannot be used for television. At most, it can be used for traffic lights.
"Mr. Thomson also knows that I have a TV project in Asia." Yang Wendong explained: "I think this LCD technology has a bright future, so I want to buy it back to study it."

He naturally would not tell you that this most basic LCD film actually has a very large commercial market, that is, watches. After a few years when the LCD technology is improved, it can also be used to make calculators, industrial displays, etc.

In history, Japan obtained LCD technology and launched LCD electronic watches, which made traditional mechanical watches obsolete in just a few years. In the end, the three Nordic countries could only rely on sentiment to push mechanical watches to the status of luxury goods, otherwise the entire industry would have died.

Now he dominates the manufacturing industry in Hong Kong. Even if he cannot monopolize this field, he will at least be able to take a big bite of the meat.

PS: Please give me a monthly ticket
(End of this chapter)

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