"Chairman Maeda, the technical strength of several major research institutes under Taobao Holdings cannot be underestimated. Sugon Seiko LCD Research Institute will receive the US$30 million in research funds promised by Sun Jian, and will work closely with these major research institutes to continue research. It is estimated that the fourth-generation tFt-Lcd technology can be successfully developed within one year, and we must seize the time to continue researching the fifth-generation tFt-Lcd technology."
On February 15, after Akebono Seiko LCD Company applied for the invention patent of the third-generation tFT-LCD technology company to wIpo and cpb at the same time, Hattori Reijiro came to the SEAJ headquarters and reported to SEAJ Chairman Maeda Fukutoshi that Seiko LCD, a subsidiary of Seiko Group Although the display company announced its withdrawal from the LCD panel industry in June 1995, the Seiko Group is still a computer printer manufacturer, the parent company of Seiko Epson Corporation, and a member of SEAJ.
Seiko Epson was founded in May 1942 and is headquartered in Nagano Prefecture, Japan. It is a leading company in the global digital imaging field.
Epson Guozhi Co., Ltd. was established in June 1998. It is a joint venture established by Seiko Epson Company and Guozhi Computer Company in Pudong Computer Park. It has a registered capital of US$30 million. Seiko Epson Company invested US$8 million, plus technical shares. US$10 million, totaling US$18 million, accounting for 60% of the shares; Zhiban Computer Company invested US$12 million, accounting for 40% of the shares.
The main business scope of Epson Guozhi Company includes the production of input and output information products such as Epson brand printers, scanners, and projectors; electronic components such as LCDs, integrated circuits, and quartz crystals; and system equipment such as printer movements.
After hearing the news of the successful development of the third generation tFT-LCD technology, Hattori Reijiro was happy about the wise decision made at the time, but also worried about the future of Japanese LCD displays.
After the Seiko Group got rid of the LCD panel industry that suffered continuous losses, the strategy of concentrating financial and manpower to increase SEIKo's share in the global watch market was successful. In addition to establishing Akebono Seiko LCD Company, Epson Guozhi Co., Ltd. and Jiangcheng Seiko Watch Co., Ltd. Enter China's LCD, computer printer, projector and watch markets.
In 1998, Seiko Group also launched the world's first perpetual calendar watch driven by an ultrasonic micromotor and the world's first "thermic" that relies on human body temperature to generate electricity. It also plans to launch the world's first Springdrive in May 1999. Movement watch.
Affected by the adverse factors of the Asian financial crisis, Seiko Group's total revenue increased by 37% and net profit increased by 25% compared with 1997. Even though the Nikkei Index fell by 17% in 1998, Seiko Group's stock price rose by 21%. .
Today, Hattori Reijiro’s prestige on the Seiko Group’s board of directors has surpassed that of his eldest brother Hattori Kentaro.
Seiko Group invested 60 million US dollars before and after tSLc, which not only met the needs of Seiko brand LCD watches, Epson printers, projectors and other display screens, but the invested assets are now worth more than 200 million US dollars, and its development prospects are promising.
Sun Jian also plans to wait until next year, after the third-generation tFt-Lcd production line is mass-produced, for tSLc to apply for IPO on the Hong Kong Stock Exchange.
By then, Seiko Group’s investment in tSLc will have doubled.
"Chairman Hattori should know that due to the impact of the Asian financial turmoil and the Asian financial crisis, Sharp has also faced difficulties in the past two years. In 1998, its net profit dropped to 24.8 billion yen, with a profit margin of only 1.4%, a year-on-year decrease of nearly 50%. %, President Sugano resigned, and President Machida has just taken over. The company's affairs are complicated, there are so many places to spend money, and the research and development of the fifth-generation tFt-LCD technology is progressing slowly."
Maeda Fukutoshi is also worried. If tSLc successfully develops the fourth-generation tFT-LCD technology within a year, Japan will have few technical advantages in the LCD industry, but he has no power to interfere with Sharp's production and operation activities.
The Japanese economy is not only affected by the Asian financial crisis, but also faces increasing competition from companies such as South Korea, Taiwan and China's home appliances, semiconductors and liquid crystal displays. Not only Sharp has fallen into low growth, but also NEc, Toshiba, Fujitsu, Hitachi and Panasonic. Japanese companies in the LCD panel business are also having a hard time.
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"President Li, President Jin, and President Lu, perhaps everyone has heard that tSLc has successfully developed the third-generation tFt-Lcd technology and has applied for the company's invention patent to wIpo and cpb. Everyone must hurry up and build it, otherwise we will wait for tSLc's The third-generation tFT-LCD production line is in mass production, and the LCD panels, LCD monitors, and displays we produce will encounter fierce competition in the Chinese market."
The official news that tSLc announced the successful development of the third generation tFt-LCD technology was sent back to the Korea Display Industry Association. Chairman Kim Yong-nam invited the presidents of three LCD companies, including Samsung, LG and Hyundai, to discuss the matter.
Samsung, LG and Hyundai LCD Co. invested heavily at the end of last year and started construction of the third-generation tFt-Lcd production line introduced from General Electric Company at the end of last year. Since GE stopped the fourth-generation tFt-Lcd production line in the late 1980s, In terms of technology research, only Japanese companies such as Sharp and NEc have the fourth-generation tFt-Lcd technology. The two parties are in a competitive relationship. Samsung and LG had to invest heavily in developing the fourth-generation tFt-Lcd technology, but the fourth-generation tFt-Lcd technology Lcd technology involves core technologies such as advanced photolithography machines, etching machines, photoresists, masks, Ito conductive glass, liquid crystals, polarizers, sealing materials, conductive adhesives, orientation layers, spacers and glass substrates. The technical strength of the relevant companies in the Korean Display Industry Association and the Korean Semiconductor Industry Association is not strong. SEAJ refuses to transfer the fourth-generation tFt-Lcd technology and core materials, and can only cooperate with GcA, IBM, Applied Materials and Corning. Research on the fourth generation tFT-LCD technology is progressing slowly.
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The official news that tSLc announced the successful development of the third-generation tFT-LCD technology also caused great repercussions among Taiwanese LCD companies such as Chunghwa Picture Tubes, Nanya Plastics, Daki Corporation, and Lianyou Optoelectronics, all of which accelerated the development of the third-generation tFT-LCD technology. Construction of tFt-Lcd production line.
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"Congratulations, Mr. Sun!"
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On Friday, March 12, 500 million new shares of Kunpeng Internet Company were listed on the Nasdaq exchange. A group of executives, including Sun Jian, Zhang Jilin, Yu Jianguo, Liu Zhenhua, Xiang Dongping, Li Huabin and Huang Weida, sounded the alarm. Listing bells.
In order to protect the interests of investors and take into account market fairness, pIc has made a written commitment that the 1.6785 billion shares held by pENG will not be circulated until the expiration of pIc's two-year listing period, and the 196.5 million shares held by other original shareholders will expire after one year of listing. before it can be circulated.
The 500 million new shares with an issue price of US$18.8 opened at US$38.88, an increase of US$20, or 106%. The total market value of pIc is as high as US$91.9 billion, exceeding the total market value of AtIc Securities!
"Mr. Nelson, Mr. Osborne, and Mr. Boughton, congratulations!"
pIc got its wish and was listed on Nasdaq, catching up with the craze of Internet technology stocks and raising US$9.118 billion. This is the largest IPO financing on the Nasdaq exchange this year.
