Novel Square
Chapter 73
Chapter 73
Liam didn't look up at him but was holding his phone and gesturing at something.
Owen said, "Your father-in-law... I mean, Mr. Shawn Campbell, wants to invest in Smart Chips. He has
invited Mr. Parsons of Smart Chips to dinner several times. Mr. Parsons knows the relationship
between Mr. Campbell and you, so he doesn't want to refuse. He called to ask for your opinion.’ Text © 2024 NôvelDrama.Org.
Smart Chips’ founder, Mr. Parsons, was Liam's senior, a Ph.D. in physics.
After earning his doctorate, Mr. Parsons turned down high-paying offers from big companies and
founded Smart Chips on his own, engaging in independent research and development of chips.
At that time, his classmates started the business with him. These young people were full of passion
and focused on research. As a result, just as the company was making progress, two core R&D
personnel were poached by other companies with a salary of $150,000 dollars per year, and they even
took away the research results at that time.
The company was hit hard and struggled to continue. In desperation, Mr. Parsons contacted Liam
through his classmates, hoping that he could invest in and acquire Smart Chips.
Chip research and development are very costly. Small companies can't do it, and big companies don't
value the return on investment.
Although the industry has a promising future, but no one was willing to invest in R&D.
If there is a breakthrough in research and development, the economic benefits could be hundreds of
times higher. But if there is no breakthrough, it may cost tens of millions or even hundreds of millions a
year.
After serious evaluation and investigation, Liam bought 60% of Smart Chips for 30 million, becoming
the big boss of the company.
At the same time, he splurged on hiring a bunch of top talents in the industry, and expanded the whole
lab. At the beginning of this year, Smart Chips made a breakthrough, and a bunch of businessmen
smelled the money and were eager to jump on the bandwagon.
Of course, these guys were all in the same boat, with a sharp nose for business opportunities, so it
wasn't surprising they knew about it.
But how did Shawn, who's into low-end electronics, get wind of this?
"How much does he wanna invest?"
Liam flipped through a photo, not quite happy with it, and took another shot from a different angle.
"He told Mr. Parsons he wants to throw in at least 80 million.’
Liam paused for a moment, "His company can't even make that much in half a year. Where's he getting
all that dough from?"
Owen shook his head, "Mr. Parsons said that Shawn was super confident when he spoke, not like he
was bullshitting. Mr. Parsons knows about his relationship with you and didn't want to refuse directly, so
he said he'd discuss it with the other shareholders.” Liam thought for a moment, "Find out who Shawn
has been in contact with recently and what he's been up to.”
"Alright, what about Mr. Parsons?"
"Let him focus on his research, I'll send someone else to handle it.” "Got it."
After Owen finished reporting, he was about to leave when Liam called him back, "Hold on."
Owen paused.