Shockingly, a counterfeit factory has produced a 3-nanometer chip.

Chapter 403 T-play Launch Plan

"President Gao."

The voice on the other end of the phone sounded relatively calm, but Lee Geon-hee unusually addressed him as President Ko.

Gao Dongzhen immediately panicked; he really didn't want to end up like the other people in charge...

"Have the lawsuits regarding under-display fingerprint sensors all been decided?"

"They...they're all out?"

As Gao Dongzhen spoke, her voice unconsciously became flustered.

"Well, how did it go? Did it meet your expectations?"

Silence! Deathly silence!

"All were rejected, and the United States... also imposed a $500 million fine."

This time, there was silence on the other end of the phone, and Gao Dong could hear his own heartbeat.

How much more advanced is Transsion's fingerprint technology compared to ours?

"At least two years, maybe longer."

"Two years! You idiot, you actually know it takes two years."

Do you know how much stuff you could have pulled out in that time? The screen is Samsung's lifeblood, and the chip is the future.

But fingerprint sensors, batteries... these small products are also crucial foundations. We can't compete with them in any of these areas right now. Tell me, what future does Sansang have?

Gao Dongzhen dared not give any answer, because if he said the wrong word, he might really be reborn, but he didn't have any resurrection scroll.

If it's gone, then it's really gone.

"Tell the R&D department to accelerate the development of in-screen fingerprint technology."

Lee Geon-hee's voice was full of threat, but it also relieved Ko Dong-jin, since he only mentioned the R&D department and didn't say how he would handle it!

"A solution must be developed by the end of next year!"

If they can't do it, they can pack their bags and leave.

Gao Dongzhen wasn't afraid at all; instead, he breathed a sigh of relief. After all, the boss hadn't mentioned him, so he should be able to keep his life, right?

But just as he was about to reprimand his employees, Lee Kun-hee's voice rang out again:

"As for you, go to Africa!"

They're still short a regional manager for Africa. He needs to increase market share by 10% within two years, or he won't need to come back.

"yes!"

The African market is Transsion's home turf; whether it's smartphones or feature phones, it's all their market...

Sending him to develop the African market is tantamount to exile, but he can't refuse, because if he does...

Next, he might just drift along, here and there.

…………

Meanwhile, Huang Tianya had been in Lax for two whole weeks.

It wasn't that he didn't want to go back; it was that he simply couldn't finish the work he was doing.

T-play, an African payment software that was incubated in its early years, has entered the final sprint stage before its IPO.

Lawyers, investment bankers, and accountants are all taking turns, holding meetings from morning till night every day.

The good news is that the valuation has been negotiated from the initial nine billion US dollars to 110 billion US dollars.

Goldman Sachs and Morgan Stanley engaged in a fierce battle during negotiations over underwriting shares.

In the end, the two companies jointly underwrote the book, each taking half.

At only 110 billion, the valuation seems high, but strictly speaking, it's still a bit low.

However, Huang Tianyang still chose to accept it, mainly because the internet bubble in the African market had been somewhat burst in the past two years, and valuations had dropped significantly.

For example, AfriLink, the first company to go public, reached $150 billion in market capitalization in less than a month after its IPO, but has since fallen to $120 billion this year.

However, as the mastermind behind the scenes, Huang Tianyang has already reduced their shares to only 5%.

But T-play is different. It is the company that Huaqing Investment retained the most shares among the batch of companies it incubated, and still holds 27% to this day.

This was not a coincidence; it was something Shen Fei had planned long ago.

Payment software can be more valuable than communication and e-commerce platforms.

Because payment is infrastructure, the gateway, and the foundation of all internet services.

Controlling payments means controlling the flow of funds and the lifeline of the economy.

Goldman Sachs and Morgan Stanley are not vying for pure consumption; they are using it as a springboard.

They can control 3 million T-play users.

"Mr. Huang, have the Goldman Sachs people arrived?"

The assistant knocked on the door and then came in.

Huang Tianyang put down his coffee cup, straightened his tie slightly, and knew that another fierce battle was about to begin, so he needed to be prepared in his appearance.

Upon entering the conference room, a thick stack of documents, all related to the listing, were already laid out on the conference table.

Goldman Sachs sent a white manager in his forties named James Carter, who actually had a haughty demeanor.

He showed no arrogance in front of Huang Tianya, after all, he had lost to Huang Tianya many times... and the two were considered master and disciple.

However, Huang Tianya's tuition fees are a bit expensive...

The person Morgan Stanley sent was a Chinese man named Wang Jianping, who spoke very fast, his mouth sounding like it was rented.

"Mr. Huang, we've reached an agreement on the valuation: $110 billion."

The offering price was set at $15 per share.

This time, he opened the document and tapped lightly on the numbers, but quickly moved his fingertips to another number that had not yet been agreed upon.

The total share capital is approximately 7.33 million shares, and this IPO will issue 10% of the shares, which is 7333 million shares.

Both Goldman Sachs and other institutions hope that Huaxin will contribute half of the cost.

In addition, the stock dividends reserved for employees are intended to reduce Huaxin's shareholding to below 20%.

However, he was unwilling to respond, so he began to tactically review the documents again.

Although he remembered the numbers clearly, he still pretended to be serious.

After all, during negotiations, you can't let the other party know that you've already made a decision, or make them feel that you might always say no.

Although the other party knew he couldn't possibly agree, they still tried to persuade him.

"When AfriLink went public, its valuation reached 150 billion in the first month. However, now that its business volume has increased significantly, its valuation has fallen back to 120 billion."

Huang Tianya found an excuse to return the document, and then his gaze kept shifting back and forth between the two of them.

What are your thoughts on T-Play's long-term valuation? Will it follow the same path as its predecessors?

Wang Jianping sighed silently. He knew that today's negotiations would probably end inconclusively again, but he could only smile and say it anyway.

"Mr. Huang, you're a seasoned investor, there's no need for us to beat around the bush."

Valuation corrections are normal market behavior. The initial listing price was too high, and many retail investors rushed in to chase the rise, so our profits naturally came down.

However, T-Play's valuation is more conservative, with a valuation of $110 billion that is far less than its true value. But going public requires letting others get a share of the pie in order to reap the rewards more effectively.

We expect the company to stabilize at over $200 billion after the IPO, at which point Mr. Huang can cash out more easily…”

After saying that, he put on a smile that suggested everyone was harvesting leeks together.