"I actually have very deep feelings for Motorola because the first mobile phone I ever used was a Motorola. Although we later had many competitive conflicts due to business reasons, Mr. Galvin and I have always been good friends. A while ago, I tentatively invited Mr. Galvin to attend my new product launch and help us with some verification."
"At the time, I proposed this request with a sense of humor, but I never expected Mr. Galvin to readily agree, which touched me deeply. Therefore, I hope all the media friends present can give a warm round of applause to Mr. Galvin and the Motorola Group!" Huang He raised his hand, and the entire venue erupted in thunderous applause, even with cheers. Mr. Galvin's already awkward smile became even more so.
Is Boss Huang telling the truth?
Of course not. These words are utter nonsense from beginning to end. Christophe Galvin has never been so noble, nor so foolish, let alone being friends with our Boss Huang. The only reason he is here is because he was paid.
There's no way around it, Motorola is now virtually on the verge of collapse.
Motorola, this seemingly incredibly powerful mobile phone brand, is actually in a state of decline.
Historically, Motorola only reached its extreme in 2014, when its mobile phone business was completely destroyed by smartphones. Although Motorola launched several smartphones, they were not accepted by the market, and it eventually lost almost the entire mobile phone market.
Its global market share plummeted from a peak of 32% to less than 1%.
In 2014, Lenovo acquired Motorola's smartphone business for $2.9 billion, making this historic mobile phone brand a Chinese brand.
Of course, as it turned out, this was a terrible deal, but it's not uncommon for Lenovo to do such things.
The Motorola Group is divided into two important departments: the Research Department and the Business Department.
The Research Department primarily studies various communication equipment technologies. The world's first mobile phone was developed by Motorola Group, and later Motorola was among the first companies to manufacture mobile communication chips, making it the ancestor of the entire mobile chip industry.
Unfortunately, Motorola was overtaken by Qualcomm, MediaTek, Samsung, and other companies, whose mobile chips have significantly squeezed Motorola's market, or rather, Motorola's self-developed chips have not kept pace with market evolution.
In addition, in its business department, Motorola Group is divided into three business groups:
They are the Enterprise Mobile Solutions business group, the Broadband and Mobile Network business group, and the Mobile Devices business group.
Among these, the Enterprise Mobile Solutions business group was merged with the Mobile Devices business group with the introduction of mobile phones, which is Motorola's mobile phone business.
The Broadband and Mobile Network business group became Motorola's last lifeline. After selling its mobile phone business, Motorola struggled in the market relying on the income from its previous investments in broadband and mobile networks, surviving until 2022 and even seeming to be doing quite well.
Historically, Motorola survived until 2011 when it was acquired by Google, and then in 2014, it was resold to Lenovo.
But Motorola in this era couldn't hold on until 2007. Due to the disruption caused by a transmigrator, Motorola's peak, which was supposed to occur between 2001-2006, ended early in 2003, and its mobile phone market began to be heavily occupied by Chinese brands such as Tianxing Mobile, Xiaomi Mobile, and Vivo Mobile.
Not to mention that it was later hit by the stock market operations of Western Mustang Group, causing its stock price to plummet, a large outflow of capital, and a heavy blow to Motorola.
By now, over 80% of US domestic mobile communication equipment manufacturers have gone bankrupt, and Chinese mobile phones have occupied over 60% of the global market. Only Nokia, a traditional major mobile phone manufacturer, is still making its last struggle, while Motorola itself has almost no strength to even struggle.
Otherwise, Motorola's board of directors would not have re-invited Christophe Galvin, who had been driven out of the company, to serve as the company's chairman, especially since Motorola reached its peak under his leadership.
Moreover, he had proposed the development of more intelligent mobile phone chips back in the 1990s, but was rejected by the profit-driven board at the time, who believed that such chip development was expensive and would not be bought by consumers.
Christophe Galvin, who has now been invited back, is facing the entire group's mess. Not to mention anything else, the company's debt alone has reached an astonishing $2 billion.
The end of 2007 is fast approaching, and Motorola must repay the company's issued bonds totaling $350 million by the end of October 2007.
How about that? Does this number sound familiar? Boss Huang owed the same amount back then, except the unit was RMB.
Motorola must also repay these corporate bonds, otherwise, Motorola will face business liquidation and then bankruptcy.
Historically, Motorola reached a point where it couldn't repay its debts in 2011, forcing it to sell all its mobile phone business to Google, thereby obtaining the funds to repay its debts.
But here, Motorola in 2007 had to face this situation earlier. However, Christophe Galvin is also a man with dreams, and he does not want to admit defeat so easily; he wants to struggle one last time.
He believes that if he is given another year to develop the company, he will be able to revive it. However, the company bonds that need to be repaid are unavoidable. Currently, Christophe Galvin has managed to scrape together about $300 million in cash, but still needs to repay the remaining $50 million in debt.
At this very moment, Jiangnan Group proactively approached Christophe Galvin, stating that he would receive an invitation fee of $50 million simply by coming to Jiangnan Group's press conference and conducting data testing on Jiangnan Group's own chips.
Christophe Galvin is a man of integrity, so he unhesitatingly brought his company's team to China.
Of course, the entire Motorola company strongly opposed this, with many objections. Galvin then stated that whoever could help the company secure $50 million would not have to go to China, and he would give them his presidential seat to lead Motorola's continued rapid development, while he, Galvin, would return to being a rich second-generation.
Well, with that, there were no more objections from the company. After all, going meant the company could survive; otherwise, the entire Motorola would have to face the immense crisis of debt default, which is a normal choice any rational person would make.
This is also why Christophe Galvin appeared before Boss Huang. However, expecting this magnate to exhibit a cheerful yet awkward smile is basically impossible.
On the other side, Motorola's technicians began to diligently assemble and debug their equipment, while preparing for comprehensive testing of the chip named Zixiao's performance.
As Boss Huang said earlier, the most impartial way to verify the chip data is through Motorola's technicians. Everyone's attitude was very positive and enthusiastic, eager to test this chip immediately.
However, the Motorola technicians were not motivated by corporate honor. Instead, they were eager to shatter the illusion of the Zixiao chip. This was because Jiangnan Group had already provided them with the measurement data from Jiangnan Group in advance.
Upon seeing the chip's data, the Motorola technicians exclaimed that either they had gone mad or the world had ended. Such terrifying data was impossible for any company in the world to achieve, as this chip's data exceeded that of the current strongest microchips in the world by several times.
It was as if they were comparing it to a 2014 mobile phone chip; how could this be possible?
Especially when they arrived in China and requested to test a Zixiao chip first to avoid embarrassment on stage, their request was denied by Jiangnan Group. This further fueled their suspicion that the chip's data was problematic, so they intended to prove on stage, in front of everyone, that the chip's data could not possibly be that terrifying.
Of course, in reality, the data from these devices had already been debugged backstage. What they were doing on stage was merely the final check. Simultaneously, alongside them were engineers from Jiangnan Group. These engineers were responsible for supervising the Motorola Group's engineers in debugging the data and equipment, lest they intentionally provide incorrect data and ruin everything.
In summary, after a period of maneuvering, the equipment debugging was completed, connected to the Zixiao chip, and under the witness of global reporters and experts, the various data of the direct-sale chip began to be displayed on the equipment and projected onto the large screen behind.
As data tested by Motorola's team themselves, and with Christophe Galvin personally present as a human notary, there was virtually no possibility of falsification in these matters.
Then, under everyone's witness, the data of the direct-sale chip quickly surpassed the expectations of most people present and continued to surge upwards with a ferocious momentum. When the data finally stabilized, almost all the professionals were ready to kneel.
Because the data of this chip was simply too terrifying.
"This is simply not the data and performance that should exist in this era!" The Motorola technicians, who were also testing this chip for the first time, had almost completely collapsed.
"Has China's chip technology already surpassed ours by more than five years?" Galvin, seeing this data, could not help but murmur to himself.