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Chapter 447 Project Landing
With the official approval of BOE's additional issuance plan, a huge amount of funds have been raised in hand, and the construction of a mobile phone panel production base can finally start.

For this investment, competition among major domestic cities is fierce, especially in Luzhou City, which itself is one of BOE's strongholds and has a complete panel production industry chain.

Luzhou State-owned Assets Supervision and Administration Commission is also one of the shareholders of BOE, which has great advantages.

Unfortunately, the last tens of billions of investment has already settled in Luzhou. For this investment to land, Luzhou defeated many cities at that time and spent a lot of effort.

Now, in the face of this huge amount of investment, their chips are running out.

What's more, according to the prior agreement, BOE has already handed over the right to land the investment to Lin Rui, and the city where the project lands depends entirely on Lin Rui's will.

Luzhou City didn't have much contact with Lin Rui, and he didn't have many bargaining chips in his hand, so his hope was slim.

Holding BOE's investment landing rights in his hands, although he prefers the project to be landed in Los Angeles, he still has to shoulder his own responsibilities.

It is necessary to consider the foundation and conditions of each city, make a comprehensive selection, and choose the best for implementation.

Only when the conditions are not bad, even in the same situation, will they take care of Los Angeles.

In fact, the situation is better than expected. To rebuild a mobile phone panel production base, various upstream and downstream industries need to be re-screened. For some traditional panel upstream and downstream enterprises, the dependence is not so high.

Most supply chains will need to be reinvented.

Even in a city with no industrial base at all, as long as the 300 billion yuan is spent, a complete mobile phone panel industry chain can be built from scratch.

This allows the project to have more cities to choose from.

As a result, competition for projects has intensified.

Especially in Luocheng City, because of the convenient location, the two main leaders of the city came to visit Lin Rui every three days, and they often drank tea at Lala's house, and all kinds of preferential conditions were thrown out desperately.

Even one of the main leaders of the province took advantage of the opportunity of inspection in Los Angeles to talk to Lin Rui.

He didn't mean to bring the project to Shangzhou, the provincial capital. What he meant was that as long as the project was implemented in the province, no matter which city it was, the province would fully support it. Feel free to mention any preferential policies and conditions.

Such a large project is still a high-tech project, which is rare for the province in a few years, so it has to be taken seriously.

Facing the people who are attracting investment from various cities, Lin Rui is also very disturbed.After comparing each other, although Los Angeles City is average among the competitors, it does not stand out, but the preferential conditions are the most in place, and the comprehensive conditions are comparable to other cities.

Lin Rui also wanted to support the local economy.

In the end, after some consideration, the project was decided to land in Los Angeles.

When the news came out, it attracted a lot of attention in the country. The local media in Los Angeles immediately went crazy, and the leading groups at all levels in the city were even more happy.

A large project of tens of billions, and hundreds of upstream and downstream industrial chain companies that will follow, if it is completed and put into operation, it will have an output value of at least tens of billions per year, or even nearly [-] billion if the benefits are good.

How many talents can be attracted, how many jobs can be created, how much tax revenue can be created, how much consumption can be increased, how much GDP can be generated...

However, Los Angeles City paid a lot for the project to land.

Not to mention other things, the mobile phone panel production base built by BOE this time, according to the plan, has an investment of up to 380 billion in the first phase, which is definitely an astronomical figure, 300 billion more than the 80 billion newly issued.

However, it is naturally impossible for all funds to be paid by the company.

For the 380 billion investment, BOE actually contributed only 200 billion, and the remaining 180 billion was personally guaranteed by the Los Angeles City Government and provided by low-interest loans.

And this is just one of the preferential terms offered by Los Angeles City.

Even though Los Angeles City has offered so many favorable conditions, this investment is definitely worth it.

The economic base determines the superstructure, which is the current domestic environment.Only when your economy develops well can you have enough voice and be valued, thus forming a virtuous circle.

……

The launch of BOE's project in Los Angeles is just the beginning, and the location of SMIC's $[-] billion fab project is about to be determined.

As the world's top high-tech industry, SMIC's investment in the tens of billions of dollars in the fab project is a bigger fat than BOE's mobile phone panel project, and major cities including Magic City and Imperial Capital are all eyeing it .

A chip production industry chain with an annual output value of [-] billion yuan can be imagined to be attractive to domestic cities. This is a high-tech industry that can fly a city.

Regarding the location selection of the project, although Lin Rui had a great say, he did not directly intervene.It is also necessary to consider the opinions of the company's management, especially the opinions of Chairman Zhang Rujing and CEO Liang Mengsong, according to the specific conditions of each region.

After the BOE project landed in Los Angeles, Zhang Rujing and Liang Mengsong, who were still swaying, suddenly made a decision to put the fab project in Los Angeles.

Lin Rui was surprised, and after a long conversation, he agreed.

The conditions in Los Angeles City are indeed very good, free land, various tax reliefs and subsidies, free guarantees for low-interest bank loans...

For this tens of billions of dollars of investment, SMIC only needs to contribute 45 billion U.S. dollars, and the remaining 55 billion U.S. dollars are all low-interest loans guaranteed by the Los Angeles City Government.

Of course, many cities can provide these conditions. The most important thing is that the controlling shareholder of SMIC, Star Technology Group, is headquartered here.

In the future, if there is anything wrong with the SMIC fab project, it can be solved and dealt with nearby, and it will receive all-round support from the Star Technology Group.

Lin Rui naturally had no objection to putting the project in Los Angeles to strengthen the economy of Los Angeles, so the matter was settled like this.

When the news that the fab landed in Los Angeles was officially released, Los Angeles instantly attracted the attention of the whole country and stood on the cusp of the storm.

First, the 380 billion mobile phone panel project, and then the [-] billion US dollar fab project, each of which is the dream of major cities, and within a short period of time, two of them have landed.

Let many cities feel a little envious and jealous!
These are not just two projects, but also two industrial chains with an annual output value of [-] billion, and two high-tech industrial clusters.

This is the industrial foundation that can make a city's economy take off.

Affected by this news, many domestic companies have set their sights on Los Angeles.It is conceivable that with Weiyang Technology, there is Xingkong Technology Group.

The urban economy, which has already taken off, now has mobile phone display panels and chip manufacturing, two [-]-billion industrial clusters.

In the future, the economic scale of Los Angeles will expand in an impressive way.

It will be a vibrant and thriving city.

For many companies, it is also a blue ocean market with unlimited potential, attracting countless companies to settle in.

(End of this chapter)