396 Chapter 388 The First Economic Cycle

Bingcheng, General Manager Office of "Yongxing Technology".

"Mr. Li, it's not good, the square tablet market collapsed."

The young secretary came to report to the boss.

Square slice refers to a form of LED chip after cutting.The downstream company can carry out the packaging process with this square piece.

"How much has the price dropped now?"

A middle-aged man in his thirties turned his face away.

This President Li is the former reporter Li of the Ice City Daily.Last year, a few reporters, all together, simply went to the sea with a joint venture, and established such a "Yongxing Technology" company.

The company chose this name mainly because it wanted to dazzle celebrities.Don't tell me yet.This name really baffled many people. As soon as the company was established, many people knew it without advertising.

Of course, many people know that this Yongxing and the other Yongxing are not the same thing.But knowing is knowing, everyone's psychology has no bottom, isn't it?What if someone has something to do?

And on the walls of the conference room and general manager's office of "Yongxing Technology", there are several photos of Mr. Li's handshake. Who knows what's going on?

When President Li was a reporter, he met that genius at the end of his life.His "Count of Monte Cristo in Science and Technology" is still used by many street tabloids as an interesting story and reprinted from time to time.

If there is really no relationship between two people, it is unlikely.

In this way, "Yongxing Technology" developed smoothly.

Its equipment purchase, production line installation, production commissioning, green light all the way.Their epitaxial wafers and chip square wafers were also the first wave to market, just in time to catch up with the market, and made a lot of money.

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The Chinese have no other strengths. Following the crowd and following the trend is a major specialty.

After the rise of "Yongxing Technology", some smart people followed suit and entered the LED industry.In the other part, a large number of companies with the name "Yongxing" were established.

One of them is very successful. Its main product, "Yongxing Steamed Buns", has slowly developed into a regional fast food chain group.

But when the time turned to 1992, with the continuous release of LED production capacity, the price of LED began to fall.

With the decline in the price of terminal LEDs, naturally, it will be transmitted to the chip and epitaxial wafer market, and it will go down all the way. Now it has finally reached a key node, the company's product price is lower than the production cost.

The first LED boom cycle has reached the down zone.

Faced with this situation, everyone was dumbfounded.

All kinds of capitals, who have just jumped into the market and struggled, were at a loss in the face of the first economic crisis in the industry.

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"Yongxing Technology" meeting room.

At this special shareholders meeting, all shareholders have arrived.Everyone should discuss together, what to do.Is it due to production cuts, cessation of production, or who can find the door and sell the goods.

Although the market situation is grim, everyone here is not very frustrated, because everyone has already taken back the capital.

This capital not only refers to the funds invested by individuals, but even the loans borrowed from banks are paid off.They just dismissed the team immediately and quit, even if they sold equipment, these people had already made enough money.

"I don't recommend stopping production. Instead, I should use this opportunity to expand production and upgrade the company's production technology."

Teacher Huang from the University of Technology has different views from everyone.

"Why? Are we going to lose money in production?"

Who does the money-losing business?

"Not necessarily! You see, the slow-sale of LED products this time is global, so sooner or later it will spread to the upstream. I estimate that in a few days, sapphire and other raw materials will also usher in a substantial price drop. This It's one of them."

Huang Laoxie held up a finger that had been yellowed by cigarettes, and pointed at Jiangshan.

Because he loves to smoke, both his teeth and fingers have turned yellow.Someone gave him a nickname, Huang Laoxie!He wasn't even angry yet, he was willing to agree when others called it, which was strange.

But this time, several shareholders did not agree with him.The ratio of raw material costs to total costs must still be limited, even if the price of sapphire is reduced by half, it is still a loss.In addition, more importantly, the price of LEDs, looking at this posture, has not bottomed out yet.

Raw materials are falling and products are falling, but fixed costs such as labor will not drop.

"Second, if we upgrade the technology in time, the product can still be profitable."

"Do you mean that you can increase the brightness of the LED? Have you discovered anything new?"

A group of reporters and shareholders came interested.

The best way to increase the price of LEDs is to increase brightness.Due to the lack of technical support, the products of these pirated manufacturers are generally more than an order of magnitude lower than the original ones.

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"Not yet, but I have another way."

Teacher Huang Laoxie was a little embarrassed.But there is no alternative.The parameter ratio and time control of various raw materials in production require a lot of time and resources to verify.This requires a lot of manpower and material resources.

The teachers in the materials department are good at comparing qualitative things and theories, and they can't get specific production line parameters.

Huang Laoxie still has a job, so there is no time to study it.

In addition, the cost of this trial and error is not affordable by a small company like theirs.Bringing doctrine is still the current mainstream thinking.

Develop it yourself?

As long as a small company like them has any new technology or new formula, it doesn't need to be much, and the whole ice city will know it the next day.

"any solution?"

"We can take this opportunity to replace all the lithography machines. Replace with high-precision lithography machines!"

The technology and equipment used by the company were not experienced at the beginning, so according to the photoelectric recommendation is the only option.On the production line, 20-micron low-precision lithography machines are currently used.

"Good idea! We also upgraded to 10-micron, just like Optoelectronics."

A group of people came in interest.

The photoelectric uses a 10 micron lithography machine.After such a long time, everyone has gradually gained confidence in the quality of their products.

Among these pirated players, "Yongxing Technology" is considered to be the most massive, relatively formal management, and the best quality.

Compared with "Juge Hi-Tech", although everyone uses different MOCVD, there is no essential difference.So why can't the lithography machine use the same level?

"No! This time we are in place at one time and directly rise to 5 microns!"

Huang Laoxie has been studying this matter for a while, and he feels that there is still room for improvement.

But the lithography machine that can be used for LED, the highest precision on the market is only 5 microns.To improve further, I had to buy imported machines.The imported lithography machine is not something you can buy if you want.