This time, even some of Jiafeng's old rivals took notice. The complexity of the chip industry chain is evident from just a glimpse. The global chip industry is now based on cooperation. No single company possesses patents for the entire process. Even companies that can only produce qualified wafers can participate in the global industry chain.
Jiafeng's recent massive investment in the chip industry has raised many questions. Some experts occasionally publish articles saying that Jiafeng is simply burning money, and that the chip industry cannot catch up with the international level by burning money. They argue that what Lu Feng is doing is just a cover to transfer assets, because the funds for research and development cannot be specifically assessed, and if a project fails, hundreds of millions of yuan will be wiped out.
Some experts also say that Jiafeng's level of investment is such that it will take a hundred years to catch up with foreign countries, and that Chinese people have a natural deficiency in this regard.
As the news spread, it was like a slap in the face to these people. Many people's first reaction was that it was fake. Verification calls poured in from all directions to the R&D company. Some even called to ask for technical details directly. If they didn't get the information, they would curse the company as a fraud.
Until evening, the news exploded across China like hot oil meeting boiling water.
In Beijing, a sign hung in front of an office that read "Science and Technology Committee." A man in his thirties hurried over, knocked on the door, and went inside.
A few minutes later, a surprised voice came from inside.
"What? Are you sure it's true? Have you verified it? They really broke through foreign technology patents?"
"I just heard it on the news. It was announced by Jiafeng R&D Company, so it should be true. They've invested a lot in the last two years and are cooperating with some foreign company, Nokia, by the way."
"In my haste, I forgot. Jiafeng is the company that invested a billion US dollars, right? Contact the leaders in Shenzhen first and have them confirm it. If it's true, this is a big deal. A commendation ceremony is a must. Go quickly."
At 6:30 p.m., Lu Feng had just stepped out of the conference room. He had gained a good understanding of the changes within the group over the past six months. The expansion phase of the home appliance market was over, and those who were going to exit the market had already left. The remaining few companies were all vying for market share, and the annual market growth was being eaten up by these few companies.
Pure home appliances alone are not enough to support Jiafeng's high profits. It relies more on VCDs, pagers, and entertainment products. This year, Jiafeng's OEM business has also achieved high growth. According to senior management's estimate of the current mobile phone market, if Jiafeng successfully exits the mobile phone market, doubling its profits in the next two years is not a problem. If the chip industry is added, management is very optimistic that Jiafeng will achieve its annual profit target of 10 billion yuan in 2005.
During the meeting, Lu Feng made no comment on the optimistic predictions made by Wei Yandan and her group.
"You've just returned, so we've prepared a welcome banquet for you. This year, besides expanding the market, we've mainly focused on internal restructuring. We've adjusted the company's rules and regulations, optimized the human resources department, and redesigned the financial supervision of the subsidiaries," Wei Yandan said, walking beside Lu Feng.
"Now that the group's business is stabilizing, competition in the market is no longer just about low prices. Now it's all about service. Pre-sales and after-sales service must be excellent. When technology is on par, whoever can get closer to consumers and become their confidant will win the market." Lu Feng said to Wei Yandan, "You must convey this principle to Zhu Lidong. No one can kill a powerful company. All large companies die from arrogance."
"Okay, I will definitely pass it on."
As soon as everyone went downstairs, a middle-aged man walked past the door and hurriedly turned around, saying, "President Wei! President Wei! I need to talk to you about something."
"Director Zhang?" Wei Yandan stopped and asked, "What's the matter? You can coordinate with General Manager Wang. I'm receiving the boss here."
"It's urgent, so I have to talk to you. Vice Mayor Liu wants you to come over; he has something urgent to ask you. He said he wants you to bring the head of the R&D company with you," Director Zhang said hurriedly.
Wei Yandan looked at Lu Feng. She had to deal with things in the city, but she also had to keep Lu Feng company. She didn't know which side to keep company with.
Lu Feng noticed her predicament and asked Director Zhang, "Didn't Vice Mayor Liu say what it was about?"
"It's an extremely urgent matter, of utmost importance," Director Zhang said urgently.
"Why didn't he come in person for something so urgent?" Lu Feng had a pretty good idea of what was going on with Vice Mayor Liu, and said to him, "President Wei is busy, let him come over."
"Let him come over? Who do you think you are? He's the vice mayor, what do you think he is? You think he can just come over whenever you want?" Director Zhang got angry. This man was not young, but he had a very arrogant tone.
"Not coming? Looks like things aren't that urgent. Let's eat first." Lu Feng said and walked towards the car.
Director Zhang was anxious. He knew he hadn't gotten his business done and would likely get a severe scolding when he got back. He turned to Wei Yandan and said, "President Wei, this matter is urgent. Otherwise, I wouldn't have come all this way in person. Let's not make things awkward for everyone, or it will affect next year's tax matters."
"What?" Lu Feng said, looking at Director Zhang, "You think you can call the shots at taxation? If you don't continue to reduce or exempt taxes, we'll move out. You can decide what to do."
"Move away? Who is this guy?" Director Zhang's tone was displeased, but he could also sense that this young man seemed to be someone special.
“Boss!” Wei Yandan replied.
"Aren't you the boss?" Director Zhang stared at Wei Yandan with some puzzlement. He had just joined the company last year and had been dealing with Wei Yandan the whole time.
“I’m just a worker,” Wei Yandan replied. “Since it’s urgent, let Vice Mayor Liu come over. We can have a welcome dinner tonight…”
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