Rebirth of Northland Technology

October 1991

The first public version of Linux kernel 0.02 was released.Apple Computer's PowerBook notebook computer is officially listed.

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Entering October, the business of the optoelectronic company has become increasingly busy.In this month, many milestones happened.The first thing is the cooperation with Fengtian Keyi.

With the passage of time, continuous communication, and multi-party compromise, a rough cooperation plan was finally released.

The team going to Fengtian this time is obviously much bigger than the last time.In addition to Cheng Yongxing and Qian Dezhi, there are many more professionals in finance and other fields.

Most of these people are from LED companies, and some people have only recently joined the company.For example, Zhou Qiang, who came from a newly merged machinery factory, was absorbed into the management team in advance because of his outstanding performance during the training period.

Regarding this joint venture, both Keyi and Optoelectronics are quite sincere.Both parties have benefited a lot from many close cooperations.

This kind of cooperation is a completely complementary partnership. One has creativity and market, and the other has technology and production capacity.

Whether in the LED era or the LCD era, Science Instruments is destined to play a very important role in the business landscape of optoelectronics.

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But this cooperation also faces obvious obstacles.

The first obstacle is the valuation of intangible assets.

The equity invested in optoelectronic research is mainly patent rights and market channels.Under the current domestic legal framework, the valuation of this intangible asset is almost insoluble.

The second obstacle is that science rituals are not ordinary units.

As a member of the Chinese Academy of Sciences series, it has its own mission and tasks.It is not just an operating entity.

The third one is the valuation of Keyi.

After nearly a year of development, Keyi has completely out of the plight of poor management.Its products are now in a booming state of production and sales.

Both the Chinese Academy of Sciences system and Fengtian have high hopes for it.In both respects, I hope that Keyi can assume greater responsibilities and obligations.

Under this circumstance, it is very difficult for Optoelectronics to take a large share in the joint venture.

The fourth is investment.

Although Optoelectronics has accumulated a lot of wealth through the IQ tax and large LED screens during this period, it is not well-off.

The full-color project is about to start, and every penny has its due use.

In the past few months, Bingcheng has provided many policies for Optoelectronics.One of the most valuable is the loan line.But this kind of help has slowly come to an end.

In order to curb increasing inflation, since 1990, the country began to implement economic austerity policies.This economic austerity policy has brought about the tightening of banks' money.

The tightening of money supply has directly led to triangular debt, because many companies have already relied heavily on the blood supply of the financial system to survive.

1991 was regarded as the first peak of the Northeast Triangle Debt.

It's not that Bingcheng banks are unwilling to lend to Optoelectronics. As a high-quality customer, Optoelectronics is still very popular among banks.But the problem is that the major banks have no money!

Therefore, the remaining part of LCD is still unknown.It is very likely that Optoelectronics can only complete the next journey by relying on the profits of the large LED screens.

As another source of profit for optoelectronics, the IQ tax has slowly come to an end.The production plans of various manufacturers have been announced, and there will be no second round of capacity expansion in the short term.

Under this circumstance, it is somewhat difficult to seize shares of Science Instrument with a small amount of cash or no cash to invest in shares.

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Fortunately, the management of both sides has been vigorously advancing this matter.It was not blocked by temporary difficulties.Optoelectronic equipment is the result of this spirit of cooperation.

After 2 months of discussion and work, finally there is a plan that can be accepted by all parties.

This is a complicated merger.Fengtian Scientific Instrument Factory is divided into two parts, one is the research center and the other is the factory.

The newly established Fengtian Scientific Instrument Research Center will take over most of the fixed assets of the original Scientific Instrument Factory and continue to remain in the series of the Chinese Academy of Sciences as a member of the Chinese Academy of Sciences family.

Fengtian Science Instrument Factory, which has taken off its heavy assets, accepts a joint venture for optoelectronic research.This entity will be renamed "Photoelectric Scientific Instrument".Become an entity under the Optoelectronics Department.

Under this model, optoelectronics research has obtained 70% of the controlling rights in the new entity by means of technological property rights, market resources, and 5 million cash.

In this plan, Optoelectronics got what he wanted most, that is, the human resources of a semiconductor equipment factory with a complete system and R&D capabilities.

And this new photoelectric instrument can actually use all the plant and equipment.To some extent, it can be regarded as a golden cicada's plan to get out of its shell.

The two units are still the same team to some extent, especially the management team, now there is only one.

The main purpose of this plan is to appease the Chinese Academy of Sciences system.

Of course, independent accounting is required between the two entities.

In the future, after the optoelectronic instrument earns money, it will be able to slowly move out of the current factory building. Only then will the two families be completely separated.

As for the dehulled Scientific Instrument Center, it will focus on the work of the Chinese Academy of Sciences.As compensation, they will share part of the MOCVD technology license.All simple versions of MOCVD will be transferred to the Scientific Instrument Center for completion.

After the MOCVD type III of the photoelectric instrument is finalized, the non-batch type II equipment will also be fully authorized to the instrument center.

In this way, the Scientific Instrument Center, relying entirely on the second-generation MOCVD and pirated LED industry chain, can also live well.

As for the future, if the LCD strategy is really successful, PECVD can be mass-produced smoothly, and MOCVD can be completely transferred to the Scientific Instrument Center.

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The pressure from Fengtian is relatively easy to deal with.Fengtian is concerned about employment.

In this regard, the LED large-screen company has made a great contribution in this acquisition process.

Qian Dezhi’s LED company promised to build a branch in Fengtian.At the same time, two or three electronics and equipment companies can be packaged and absorbed.

The biggest problem facing LED companies now is insufficient production capacity.

In LED companies, module assembly in large-screen production is labor-intensive.So the only way to expand is to add people.

But adding people in Ice City is no longer possible.

First, the workshop space, if there are people, will naturally occupy the space.The two newly built factories of Optoelectronics actually leave little room for LED companies.

These two plants are two-storey plant layouts, but one floor is reserved for LED companies.

Second, skilled workers, with the rise of the LED industry chain, there are not many small electronic companies in Bingcheng.Following this shareholder trend, almost all have transformed into LED-related companies.

If LED companies go into corporate mergers, they can only start with machinery companies.Of course, Bingcheng's large and medium-sized enterprises also have some equipment and electronic enterprises.But their lives can survive.

This type of enterprise is not something that Optoelectronics can get involved. The negotiation of mergers and acquisitions will take a year or a half.

But there are so many such resources in Fengtian.

Fengtian has a much stronger foundation in electronic products than Bingcheng.The more there are, the more cumbersome.These are all burdens now.

In this case, it is a better choice to completely transfer the large-screen module production to Fengtian, and only keep LED production in Bingcheng.

The third reason is distance.

Anyway, Fengtian was a lot closer to the sea.The location of Bingcheng is still a bit too remote.The volume occupied by the LED is not large, but the volume of the large-screen module is not small.

It is a matter of course for the LED company to set up a second industrial base in Fengtian.

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After Keyi was divided into two, both Keyi had the urge to expand.

What Science Instrument Center is facing is a large number of simple MOCVD orders.

Although they lost most of their human resources, at this time, there were a lot of factories and enterprises that wanted to merge into Keyi.

The key instrument brand is loud (the Chinese Academy of Sciences series, to a certain extent, it is a central enterprise), the benefits are good, and the lost human resources and processing capabilities can be easily refilled.

Keyi's brand is better than Optoelectronics to a certain extent.

When Optoelectronics can only annex street companies, as long as Keyiken, they can completely annex 10,000 state-owned factories without any cost!

If it weren't for this special time, it would be purely a dream to come to the corner of the Chinese Academy of Sciences for photoelectric research.

Of course, this cooperation must have been approved by some forces.The influence and consequences of the LED Technology Conference slowly began to spread.

Several units under the Chinese Academy of Sciences have established various forms of cooperation or partnership with Optoelectronics.

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After the general idea was settled, Cheng Yongxing and Qian Dezhi immediately returned to Bingcheng.Because the University of Technology has made new progress.The rest of the work had to be handed over to Zhou Qiang to lead the team.

The joint venture between the two parties still has a lot to do.Audit, personnel, property cutting, personnel cutting.Although the actual meaning is not great, the program must go clean.