Rebirth 1980: Marrying my sister’s best friend at the beginning

Li Yi coughed lightly, signaling everyone to be quiet.

Then he looked at Niu Guangbei and said two words: "US dollars?"

"Uh, no, it's the Chinese currency!" Niu Guangbei said.

Li Yi breathed a sigh of relief immediately. Although 120 billion Chinese yuan was a lot, it was only more than 60 billion US dollars when converted into US dollars, which was still within his affordable range.

Thinking of this, Li Yi immediately said: "Vice President Niu, we will upgrade the industry according to this plan. What specific technology and equipment should be purchased and from which country, you should come up with a reasonable plan!"

Niu Guangbei, Liang Zhengkun and others were immediately shocked by Li Yi's generosity, and everyone else in the conference room also had a dazed expression.

This is 120 billion!

You have to know that Star Electronics Company spent just over 120 million yuan to acquire those dozen electronics factories, but it actually costs billion yuan to upgrade the industry. What kind of operation is this?

The most important thing is that Mr. Li actually agreed to this plan. It's like the cat eating the vegetable. It's so strange!
"Mr. Li, do you really want to spend 120 billion on industrial upgrading?"

"It's true!" Li Yi said seriously.

Niu Guangbei's eyes hesitated, and then he said again: "You have to think about this matter carefully. If you are not careful, these 120 billion may be wasted!"

"Think it over, then do it!"

Then Li Yi said again: "I know what you are worried about, but what we lack most now is time. Western countries will not give us too much time to catch up."

Niu Guangbei sighed and said, "Indeed, the semiconductor industry in Europe and the United States is developing very fast. Our progress is totally incomparable to theirs. If we don't catch up, not only will our living space be squeezed in the future, but we may even have to live at the mercy of others!"

Li Yi nodded solemnly. What Niu Guangbei said was still a bit conservative.

He had personally experienced the era in the previous life when the semiconductor industry was strangled by others, so he naturally knew how badly and humiliating our country was in this regard.

Not to mention the distant future, in just a few years, the Rogue Eagle will suddenly shut down the GPS on the grounds that the ship is carrying dangerous chemicals, causing our merchant ships to drift at sea for more than 20 days without supplies.

In the next three or four decades, we will be at the mercy of others in everything related to the semiconductor industry, from home appliances to transportation, power engineering, renewable energy, new energy vehicles and smart grids.

This is also the reason why Li Yi is determined to integrate my country's semiconductor industry at all costs, because it is better to have it yourself than to have it from your parents. Only by being self-reliant can you not be afraid of any threats.

At this time, Liang Zhengkun on the side took over the conversation and said: "Boss Li, those foreigners have always been trying to rip us off. Even if we spend enough money, we can't buy the most advanced equipment and technology. Our products are still not very competitive in the world."

"That's fine. It's good enough if our products can meet the needs of the domestic market in a short period of time. We don't need to compete with foreign companies for the market for the time being." Li Yi said.

Niu Guangbei and others don’t know the future development trend of China’s semiconductor industry, but Li Yi knows.

Now these people are still thinking about competing with Western countries for the international market, but in fact, they will soon enter the Chinese market with products with better performance.

Our semiconductor industry has almost no ability to resist the semiconductor powerhouses such as Europe, the United States, Japan and South Korea. The end result is that the market has been occupied by others, and a large number of semiconductor industries and related scientific research institutions have gone bankrupt.

Therefore, for Li Yi, the primary goal is not to compete with those semiconductor powers for orders, but to first do a good job of local defense and guard his own piece of land.

Niu Guangbei nodded and said again: "Indeed, for us, the current situation is to protect our own piece of land."

"But if you want to import so much equipment and technology, you can't just have money, you also need the assistance of relevant departments."

"Which departments do you need assistance from?" Li Yi asked.

"First, we need to submit an application to the Ministry of Commerce. After we get the approval, they will contact the other party. Then the two sides will negotiate and sign the contract, etc." Niu Guangbei continued, "This also involves the issue of foreign exchange payment. Even if we have 120 billion Chinese yuan, if the State Administration of Foreign Exchange does not have that much foreign exchange, this matter cannot be done. In short, it is very troublesome."

Before he finished speaking, Lan Xinyi next to Li Yi took over the conversation and said, "This is indeed a problem. Our company is facing this problem now and is still waiting for a reply from above!"

"Oh, what's going on?" Li Yi asked immediately.

"We just acquired a juice factory some time ago, but the production equipment in the original factory was too old and the production capacity was seriously insufficient. So after evaluation by the head office, we decided to introduce a new production line from abroad."

Lan Xinyi then continued: "But after we reported it to the relevant departments, we received a reply that due to insufficient foreign exchange reserves, all import applications need to queue up."

Hearing this, Li Yi couldn't help but frowned.

"When will it be scheduled?"

"The government department didn't say anything, but they did say they would help us coordinate and resolve the issue as soon as possible," said Lan Xinyi.

Niu Guangbei said again: "According to the information I have received, due to the surge in my country's imports in the past two years, the foreign exchange reserves of the State Administration of Foreign Exchange are seriously insufficient, and now many units' import applications are restricted."

"We now need to import equipment and technology worth 120 billion yuan, which is equivalent to more than 60 billion US dollars. The State Administration of Foreign Exchange cannot afford such a large amount of foreign exchange. Instead of waiting in line, it is better for us to organize our own manpower and material resources to conduct research!"

Li Yi shook his head and said, "Although it's a bit troublesome, it's not without a solution. Let's do this. You guys pull out the list and report first, and leave the rest to me."

It’s just 60 billion US dollars. With his current net worth, he can still afford this amount of money.

What's more, Li Yi has another way. If it is handled well, let alone 6 billion, even 60 billion US dollars would not be a big deal.

Although Niu Guangbei didn't know how Li Yi was going to solve the problem of insufficient foreign exchange, he nodded and said, "Yes, we will deal with this matter right away!"

At this time, Li Yi looked at Liang Zhengkun and said, "Director Liang, what's the situation at your Hanguang Research Institute?"

Liang Zhengkun immediately stood up and said, "Our institute is doing pretty well. We just received a lot of advanced equipment not long ago, and the cooperation with the 13th institute has officially begun. After our meeting and discussion, we have already established two projects!"

"Is there enough research funding?" Li Yi said.

“Very abundant!”

When talking about scientific research funding, Liang Zhengkun's face is full of smiles.

When he was working at Texas Electric Company, although it was a large company, the research and development funds were stretched.

Before returning home, he also learned about the situation in the country and was prepared to endure hardships.

But what they never expected was that when the institute was established, Mr. Li directly allocated them 5 million in research funds and also helped them to reach a cooperative relationship with the famous 13th institute.

Except that the equipment is a little worse and the configuration of the team members is slightly inferior, other conditions are no worse than Texas Electric.

In short, Liang Zhengkun is very satisfied with the current situation!
"Okay, feel free to ask if you have any difficulties or needs!" Li Yi said.

"Actually, Vice President Niu has just mentioned our difficulties, which are talent and equipment, and President Li, you have also given a solution, so I won't say much about this!" Liang Zhengkun said.

"Okay, that's it. Everyone, please come up with a plan as soon as possible. Today's meeting ends here. Adjourn!"

After that, Li Yi called Lan Xinyi and Niu Guangbei to the office, explained some things to them separately, and then left the branch with Zhang Ziqiang and Yang Zhiwen.
(End of this chapter)