China wants LG to transfer all OLED Technologies in return for allowing them to build their factory
Please give us all your business secrets in exchange for a minor bump in your profit margins.
It's worked out really well for China. Company after company, year after year, have marched right off the cliff in response to China's demands along these lines.
It baffles me that they still do it but I suppose they are still playing an independently managed short term profit game on the home court of a (relatively) collectively managed long term profit business environment.
They will continue to get eaten alive until they realize that they have very little protection and are surrounded by a school of predators. Somehow they don't see this yet.
Well, Samsung, Hynix, Intel, IBM, BMW, GM, Ford, Boeing, Airbus, Microsoft, Amd, Nvidia already gave all their business secrets to China by operating there. So what big difference does it make if LG does the same?
Samsung, Hynix, Intel, IBM, BMW, GM, Ford, Boeing, Airbus, Microsoft, Amd, Nvidia这些公司为了在中国运营已经将自己的所有商业秘密给了中国。所以LG也这么干的话，能有多大的不同？
There's a difference between knowing there's a risk that your tech and IP are stolen and willingly handing it over, and that difference directly affects your bottom line because, if it's being stolen, you know you have more time to make more money.
China knows how the west buckles at the knees at the prospect of profit. Taking advantage of our greedy, individualistic, neo-liberal nature.
innovation with chinese characteristics
OLED is LG's ace in the hole. There is no way in hell they will give it up.
They wouldn't be that stupid, right?