The news announced by Hongxin reached the other side of the world almost at the same time. The country that had monopolized the core technology of the telecommunications industry.
"What? Is Hongxin crazy? This bunch of idiots. How can they license their technologies?! " US Qualcomm. Tyler Walker was talking to a friend about attending a private party tonight. When he saw the news from China, he jumped up from the sofa excitedly.
"What happened?" The person who was talking to him was also a director of Qualcomm. He looked at Tyler Walker and asked, "What did that company do again?"
"Look!" Taylor Walker angrily showed the news to him. At the same time, he said emotionally, "They want to completely cut off our market in China! This is too cruel! These bastards should go to hell! "
"Open up the 6G technology license and cooperate to develop chips, processors and other components? Hongxin's mobile phone system will be fully open? "That director's face changed when he saw the news.
If this was really the case, then China's telecommunications industry will not need their technologies anymore. Not only that, they will have more advanced technologies and will overtake them in terms of market competitiveness!
Their action of increasing the intellectual property rights fees will become a joke!
"The Chinese market accounts for 40% of our global sales! If we lose … … "He did not dare to think further. Qualcomm will face its biggest crisis in history!
"Idiot! Lunatic!" Tyler Walker scolded in exasperation. "Is there something wrong with the head of Red Letters? If they open up their technologies, can they still maintain their leading position? I'm so angry! "
"This is terrible!" Another director said. "No matter what, we need to call for a meeting. We need to think of a way to minimize the impact of this incident!"
Not only Qualcomm, but other related companies are also facing the same problem.
California, US, Cupertino City. There is a headquarters of the world's most expensive company. It took 8 years and 5 billion USD to build, Apple ParK. Apple Spaceship Headquarters Building.
It covered an area of 2.8 million square feet, and it was circular in shape. It was like a huge spaceship sitting on the ground. The outer walls were made of glass, and the surrounding scenery could be seen clearly.
The inner courtyard was built into a garden with more than 9,000 green plants. The scenery was beautiful.
The carbon fiber independent roof was equipped with solar panels. Together with the biogas battery fuel designed to provide clean energy for the entire building.
This was also Old Master Qiao's last design before his death, and now it had been completed.
In the spaceship's headquarters, Kuke was holding an emergency meeting because of what Hongxin had announced.
"It's not hard to imagine that when the 6G technology is widely used in the Chinese communication industry, our profits in the Chinese market will be reduced to a pitiful range! Not only that, they will also attack our market share in the world! "
"My friends, this is the biggest crisis Apple has ever faced. We have to face it head-on!" Kuke put his hand on the table and said in a heavy tone.
However, the higher-ups below, those world-class business and technology elites were speechless.
If every crisis could be resolved, then there would only be legendary heroes in stories who would emerge victorious. However, reality was not a story.
…
At AT&T, Gru was facing the same problem as Kuke. He had never expected that the Chinese man he had met before would have the courage to open up the 6G technology to the entire country!
The market share of the three major telecommunications companies in the United States had been severely affected by the Chinese telecommunications companies in recent years. If they were overtaken in the 6G era, the industry structure would be completely rewritten.
Just as Gru was at his wits' end, he received a message from a big shot in the industry. It was the CEO of Verizon Telecommunications requesting a video call.
Verizon Telecommunications had always been in fierce competition with them. They had always been rivals in the global market!
The video call was connected, and the CEO of Verizon Telecommunications appeared on the screen. His expression was solemn as he said, "Gru, you should have seen the news from China, right?"
Gru nodded and said, "It's terrible. I was caught off guard by what Hongxin Company did!"
"We're all the same." The CEO of Verizon Telecommunications said, "The impact of this is very serious. It will have an impact on the entire American telecommunications market. I think we should work together to resist this crisis."
The two giants of the telecommunications industry in the United States, two companies that were rivals, actually wanted to overcome this crisis together! If the outside world knew about this, there would be an uproar!
Gru thought for a while and sighed heavily in his heart. He said, "You're right. We should work together."
"I suggest we immediately submit an application to the Federal Communications Commission to make some policy changes!" The CEO of Verizon Telecommunications said.
…
The impact of Hongxin's latest move quickly became apparent. Within a week, the market value of the Chinese telecommunications companies had steadily recovered. Some companies even announced that they were preparing to cooperate with Hongxin. The market value had increased to a certain extent!
On the contrary, the market value of the related companies in the United States was rapidly shrinking!
Within a week, the market value of Qualcomm, Apple, Broadcom, AT&T, Veriazon, Sprint-Nextel, and even Google, Microsoft, and other companies had fallen.
The technology stocks in the United States plummeted. Within a week, the market value had dropped by almost 80 billion USD, and this trend was still spreading!
Wall Street's capitalists were frantically dumping these technology stocks, and even other countries' telecommunications companies' share prices were dropping. For example, Korea's Samsung, Japan's KDDI, UK's Vodafone, Germany's Telecom, Telefónica …
The impact of globalization was like a chain reaction. The changes in the Chinese market will affect the global economy!
Now, the Americans were panicking! They had wanted to increase the IP fees for the Chinese companies. Who knew that within a night, the Chinese companies were not interested in the telecommunications industry's IP fees!
The three major telecommunications companies in the United States, Qualcomm, Broadcom, and the rest of the companies announced that the US government had not considered the IP fees and will not increase it!
Not only that, the US Federal Communications Commission also submitted a proposal to the White House. They hope the Commerce Department will consider the IP fees and reduce restrictions on Chinese consumer electronics. Both countries' economies will develop smoothly.
And these changes were all due to the decisions made by the Red Trust Group! This time, the entire world's telecommunications industry knew that there was a company called Hongxin that they could not afford to offend!
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