252: 30 billion loans? !

At this moment, a serious-faced elder also expressed his opinion:

"Supporting Shuguang Technology is certainly viable!

Shuguang Technology can be considered a national pride enterprise of our Great Xia, having successfully resolved many technological challenges that have plagued our Great Xia for years since its inception.

If we had a few more such nationally proud enterprises, why would Great Xia's technology not flourish? Why would it not be able to catch up with and surpass Britain and America?!

They want to borrow 30 billion to build a new chip factory, don't they? I think we can lend it to them.

Although the loan amount is a bit large, it is ultimately for a legitimate purpose, as long as they guarantee it will be used for the construction and operation of the chip factory, then why not lend it to them?"

"Indeed, once the new chip factory is successfully built, our Great Xia will possess seven 8-inch wafer fabs, one 12-inch wafer fab, and multiple chip production lines.

In some respects, our Great Xia's chip industry will also be revitalized, so I support assisting Shuguang Technology!"

"That's right, although the loan amount is a bit large, since the factory is being built within Great Xia, it won't be too bad, so I also support it."

"In that case, I'll support it too; we have to show our stance to the outside world, otherwise, everyone will follow suit, and that would be unacceptable."

"I also support it!"...

Nearly 70% of the attendees at the meeting supported Shuguang Technology's request for a 30 billion loan to build a new chip factory.

Although the loan amount was indeed substantial, enough to cause a sensation in the Global media, with the Four Major Mobile Phone Giants resorting to underhanded tactics, Great Xia had to make a statement, both domestically and internationally.

In this situation, lending 30 billion to Shuguang Technology to build a chip factory was no longer a big deal.

After all, 10 billion and 30 billion were no different to Great Xia; they were just numbers.

Moreover, this was just a loan, not a gift of 30 billion to Shuguang Technology. If Shuguang Technology were to manage poorly or be unable to repay the loan in the future, Great Xia could simply step in, take a controlling stake, and manage Shuguang Technology's new chip factory.

Furthermore, given Shuguang Technology's strength in the chip foundry industry, the probability of Shuguang Technology failing and being unable to repay the loan is very low. Shuguang Technology will eventually be able to repay the 30 billion loan within a few years.

At this moment, Lin Chen had no idea that such good fortune was coming his way; the expected loan of around 10 billion had directly turned into a 30 billion loan!

With this 30 billion, Shuguang Technology will be able to directly establish three wafer fabs and supporting chip production lines in one go.

It can be said that Shuguang Technology has directly secured a trump card start in the chip manufacturing industry.

It is highly likely that President Olilla of Nokia, if he knew that they intended to suppress Shuguang Technology and prevent Shuguang Technology from further expanding its strength, would be furious.

And as a result, Shuguang Technology obtained a 30 billion loan, gaining the advantage of directly establishing three wafer fabs and supporting chip production lines in one go.

Then President Olilla of Nokia would probably be so angry he'd vomit blood, and then regret his initial decision to suppress Shuguang Technology.

Of course, at this moment, President Olilla of Nokia did not know about the approval for Shuguang Technology to borrow 30 billion to build a new chip factory.

However, President Olilla of Nokia actually already regretted it considerably, as their sales in Great Xia had plummeted to less than 40% of their original volume.

How could Nokia accept such a massive loss? It should be noted that the Great Xia mobile phone market was Nokia's fastest-growing mobile phone market.

In 2002, Nokia sold 11.34 million phones, accounting for 20.2% of Great Xia's total market sales!

Now, having lost 60% of their mobile phone sales in Great Xia, if they had originally projected annual sales of 174 million.

Then, after losing 60% of the sales in the Great Xia mobile phone market, the number of phones they could expect to sell was already less than 165 million.

This clearly shows how important the Great Xia mobile phone market is to Nokia!

And because of this, facing such a disastrous defeat in the Great Xia market, this defeat even directly threatened President Olilla's position at Nokia, greatly shaking President Ollila's unshakeable divine status within Nokia.

It is said that through this incident, many high-level executives in various Nokia divisions have privately questioned President Olilla of Nokia.

They questioned whether President Olilla of Nokia was a brilliant president or if President Ollila had become senile.

In this situation, with various doubts erupting one after another, Nokia became directly preoccupied with its own affairs.

Of course, during this time, President Olilla of Nokia also felt that his position as president was facing a significant challenge.

Therefore, President Olilla of Nokia directly increased support for the Nokia 5300.

He attempted to shock the Global with the Nokia 5300, thoroughly reversing Nokia's and his own unfavorable situation and public opinion.

Lin Chen, at this time, naturally did not know these things. If Lin Chen knew about the nokia 5300 research and development plan, he would certainly be quite surprised.

Because according to history, the nokia 5300 was officially released in 2006, and in this lifetime, Nokia actually began its research and development two years early, which is truly surprising.

Although the core technology of the Nokia 5300, which is resistive screen technology, had already emerged in 2001, the first company to release a resistive screen phone was Motorola.

However, due to the views of Nokia's senior management and the fact that the Symbian System and software ecosystem did not smoothly support resistive screens.

Therefore, Nokia had always paid little attention to resistive screen technology in its previous life, and it was only when they saw other companies' resistive screen phones achieve great sales that they finally considered it.

Otherwise, according to history, resistive screen technology would probably have been abandoned by Nokia forever, and even with the advent of the iphone phone in the previous life, the classic swan songs of resistive screens, the nokia 5230 and Nokia 5235, would not have been born.

And in this life, Nokia, under the pressure of Shuguang Technology, actually wants to produce the Nokia 5300; this is absolutely beyond Lin Chen's imagination.

However, whether it's Nokia's plan to release the Nokia 5300 at Christmas to shock the Global and reverse Nokia's and President Ollila's unfavorable reputation, or Shuguang Technology receiving support from above to borrow 30 billion, these matters will not immediately materialize in the short term.

Therefore, in the time that followed, news regarding both Shuguang Technology and Nokia gradually quieted down.

After all, no single event can continuously capture media attention; things always have a day when they settle down and become calm.

However, the sales of Nokia and the other Three Mobile Phone Giants did not rapidly surge due to the quiet news.

After all, while public opinion had calmed down, the preconceived notions in people's minds were not so easily dispelled.

It is difficult to make a good impression on people, but it is easy to make a bad one; as the saying goes, good deeds stay indoors, but bad deeds travel a thousand miles.

When a person develops a negative cognitive bias towards something, that bias is very difficult to reverse.

Therefore, the sales of the Four Major Mobile Phone Giants in the domestic market did not return to normal with the calming of public opinion, still maintaining a sluggish sales situation.