The three LCD panel production lines and production technologies owned by Seiko Group are all obsolete LCD panel production lines and production technologies for Japanese and Korean LCD panel companies such as Sharp, NEC, Toshiba, Hitachi, Panasonic, Samsung, and LG, and will not be available. interest.
In 1992 and 1993, Nanya Plastics and Chunghwa Picture Tubes introduced the STN-LCD technology of the British GEC Company and Toshiba Company respectively. The yield rate of LCD was not high. They had just entered the field of liquid crystal display applications and were still in the process of increasing the yield rate. loss stage.
Due to the rapid rise in prices in the Mainland, on January 1, the central bank adjusted the loan interest rate for one to three years from % to %. Market rumors indicate that if the rising price trend in the first half of the year is not curbed, loans will still be available in July. After a substantial interest rate hike, the pace of economic regulation shows no sign of stopping. The burden on corporate loans has increased, risks have increased, and investment willingness has significantly reduced.
China G, as one of the engines of global economic development, has seen stagflation in the economy, weak consumption of semiconductors and LCD screens, and global production capacity of LCD screens and LCD panels exceeding market demand. Major LCD panel manufacturers have begun to cut prices, and the decline cycle of LCD panels has begun. It shows that the weak Hong Kong and mainland LCD panel companies hope to survive this round of LCD panel decline cycle.
An investment of US$130 million, equivalent to more than 1.1 billion yuan, is not a small amount for any LCD panel company today.
***In August, DTI, a joint venture established by IBM (Japan) and Toshiba Corporation, built a substrate LCD panel production line at a cost of only US$100 million.
SEC, which introduced the country's first color STN-LCD production line and its production technology last year, has a registered capital of only US$31.05 million.
After receiving the news, Qiu Guodong, general manager of GPIC (Japan) Company, immediately called Sun Jian.
In February this year, GPN obtained the Japanese Internet Access Certificate, and GPIC established a branch in Tokyo and obtained a business license.
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A group of 15 people, including Wang Dongming and Zou Guoqiang, went to Seiko Group LCD Company and spent more than a week on-site reviewing the accounts and assets of Seiko Group’s LCD panel industry.
Sun Jian instructed Wang Dongming to take over the deal with US$120 million. If there is competition, the amount can be increased to US$130 million.
Nanya Plastics and Chunghwa Picture Tubes, who were interested in picking up the leaks, heard that TCG planned to take over, and immediately gave up. They spent US$130 million but failed to get it. It was a good thing for Seiko Group and it also offended the richest man in China. It was a thankless task.
Although the shopping mall is like a battlefield, you should keep a thin line in your life so that we can meet each other easily in the future.
Although large LCD panel companies such as Japan and South Korea regard obsolete LCD panel production lines and their production technologies, for Sun Jian, spending US$130 million was able to obtain three sets of second-hand LCD panel production lines and 142 company inventions. Patented technology, as well as an LCD research center and more than 100 Japanese LCD researchers, are the key to entering the LCD panel industry. Although it is two generations behind in technology, it has the foundation to catch up with large LCD companies such as Japan and South Korea.
Since June 1992, when Shanghai Shuguang Communication Technology Company was invited to invest 19.35 million yuan to participate in the joint-stock reform of Pengcheng Tianma Company, Sun Jian has always paid attention to new technologies and trends in the development of the domestic and foreign LCD industry, and collected domestic and foreign LCD panels. Display company information, read and study, and look for opportunities to enter!
In the past three years, Sun Jian has become a theoretical expert in liquid crystal display.
BSEC was established, and Sun Jian's holdings and GPIC were listed successively. He has a voice in the global software, lithography machine, chip manufacturing and communications fields. With abundant cash flow, Sun Jian has plans to enter the LCD panel industry. Now is the opportunity. Coming, when can we wait?
Kintaro Hattori, the founder of SEIKO, was born into a poor family and was an apprentice watchmaker. He had great foresight. In May 1892, he bought a closed factory and established Seiko Co., Ltd., and hired a watchmaking technician as the chief technician. Starting from imitating and developing a relatively simple wall clock, he successfully launched an American-style wall clock for sale in July of the same year. Following the trend of the reform, he firmly grasped the benefits of Japan's large-scale absorption of Western technology, introduced watchmaking technology, and realized his His ideals created his watch kingdom and won him the title of "King of Oriental Timepieces".
reputation.
In 1972, the third general manager of SEIKO and the second son of Kintaro Hattori, Shoji Hattori, bought the TN-LCD technology from the American Ferguson and produced the world's first digital LCD watch in October 1973.
Driven by the clock industry in the United States and Hong Kong, the performance of electronic watches has improved step by step. Multi-functional watches, battery-operated transistor clocks, long-running clocks, etc. have appeared. New products have emerged one after another, prices have dropped steadily, and watches have become popular. The products have also developed into consumer products combined with children's toys, which has had a huge impact on SEIKO's watch industry.
In 1974, Kentaro Hattori became the fourth general manager of SEIKO, which was facing difficulties. While vigorously maintaining its leading position in the quartz watch market, he also closely pursued it in the electronic market.
In May 1983, SEIKO announced a 2-inch miniature color LCD TV at a press conference in Tokyo, which shocked the Japanese electronics industry.
As a pioneer in Japan's LCD industry, SEIKO had to upgrade its LCD panel production line and invest in the research and development of new LCD display technologies, which cost a lot of money.
SEIKO's high-end quartz watches were suppressed by Swiss watch manufacturers. The market share of low-end quartz watches and electronic watches was invaded by the United States and Hong Kong electronic watch manufacturers, and its performance continued to decline. As the Japanese stock market and property market plummeted in 1990, SEIKO's stock price plummeted. fall.
Amid internal and external difficulties, Kentaro Hattori resigned due to physical reasons, and his younger brother Reijiro Hattori became the fifth general manager and chairman of SEIKO.
In 1992, it invested more than 100 million US dollars to build a substrate LCD panel production line. Due to the low yield rate and huge loans, it also suffered from the LCD panel down cycle in 2008. The LCD panel business suffered serious losses.
Hattori Reijiro decided to withdraw from the LCD panel business and focus on increasing SEIKO's share of the global watch market, but the proposal was not approved by the board of directors.
The Kobe earthquake at the beginning of the year caused heavy economic losses in Japan. The Japanese stock market and real estate market entered a downward trend again. SEIKO also made matters worse. Hattori Reijiro became more willing to withdraw from the LCD panel business. He once again submitted a proposal to withdraw from the LCD panel business and it was approved by the board of directors.
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Tokyo.
In 1993, the 75-year-old Reijiro Hattori succeeded Shushige Hasegawa and served as the third president of the Japan Exchange Association. He was a Chinese G passer and had investigated Sun Jian who was born out of nowhere, but he met him for the first time.
Starting from scratch, he is the richest man in China, deputy leader of the Federation of Trade Unions, management guru, calligrapher and doctor. He can communicate in English, Japanese, German and French.
Every move and every gesture shows elegance and confidence, a pair of shrewd eyes reveal the wisdom and calmness of the years, and the stalwart body exudes a unique momentum. He is worthy of being a rising star on today's international industrial and commercial stage.
