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

Chapter 12: Funding Secured, T1 Trial Production Successful

During this time, Huang Tianya also kept reporting good news to him.

On September 15, Lehman Brothers filed for bankruptcy protection. Short CDS positions yielded a 320% profit; an initial investment of $5 million turned into $320 million…

9月16日做空AIG获利210%，9月29日，道琼指数单日下跌777点，做空股指期货获利180%。

Despite some minor setbacks, by early October, thanks to the financial crisis, the initial capital of $5 million had grown to $18 billion.

While the majority of funds remained in the United States, $200 million also flowed into his personal account through various channels.

Meanwhile, Transsion's trade-in program in China has achieved unexpected success.

The trade-in program, which offered discounts on old phones for new ones, tapped into the upgrade needs of a large number of feature phone users. Although the profit margin on each phone became meager, sales skyrocketed.

In the first month, 26 units were sold, three times the sales volume of the same period last year, clearing out most of the inventory.

What's even more surprising is that some of these users went directly to Transsion's exclusive stores to make their purchases, while others went to the two new distributors they had signed contracts with...

As for that high and mighty CEO Wang, he was now somewhat regretful.

But other mobile phone manufacturers aren't stupid either. For example, Bird immediately followed suit and started using the same tactics.

Furthermore, their subsidies are even more generous. If Transsion subsidizes 10 yuan, they will subsidize 20 yuan. Some even directly copy Transsion's promotional slogans.

In order to move their goods, each company has once again been drawn into an arms race of trading in old products for new ones, resulting in fierce competition.

However, Shen Fei did not choose to follow suit, since the purpose of this event was to clear out inventory, but his own inventory was already almost cleared out.

The rest can be cleared out slowly; there's no need to roll it up.

……

On October 8, Shen Fei had just sat down in his office when Chen Hai called.

"President Shen! It's a success." The voice on the other end of the phone was excited because of the breakthrough in the project, and there was even an electronic sound coming from the phone.

"The first batches of T80 and T1 have all passed quality inspection, with a yield rate of 92%."

Shen Fei was equally excited: "I'll go to the factory right away."

…………

Transsion Plant No. 1, Bao'an Industrial Zone.

The production line is still running, with brand-new mobile phones being assembled, tested, and packaged on the assembly line. Unlike the previous T100, the new model has a simpler design, with a prominent "TECNO" logo printed on the back.

Shenfei picked up a T1 prototype; its dark gray matte finish felt solid to the touch.

After opening the back cover, four SIM card slots are arranged side by side, and the battery takes up almost half of the space in the body. Inside is a specially made 1600mAh super large battery.

Upon powering on, the system interface is simple... There's not much to play with on modern feature phones anyway.

He opened his camera, pointed it at a worker with a darker complexion next to him, and pressed the shutter.

The photo was generated instantly on the screen. The worker's facial details were clear, and his skin tone was natural. There was no overexposure even under the factory's incandescent lights.

"The results are even better than the prototype. For the mass production batch, we optimized the LSP firmware, which further improved the processing speed."

Shenfei also tested the T80, which is thinner and lighter, has only dual SIM card slots, and a 1000mAh battery.

This phone was also divided into the T80 and T80A.

Version A adds a 10-pixel camera, and with the help of some algorithms, its photo quality surpasses that of Nokia phones in the same class.

A hint of pride appeared on Chen Hai's face, but he quickly sighed helplessly. They had tried their best, but they still hadn't managed to minimize the cost...

"What about cost accounting?"

Wang Shanghua, the financial director standing nearby, immediately reported: "Boss, the cost per unit of T80 is US$19.8, and the cost per unit of T80A is US$20.8."

T1单台成本34.7美刀，如果量产规模达到10万台，还能再降5%。达到百万还能再降6%。」

The T1's main increase is in battery cost; it uses the same MT6225 chip as the T100. However, thanks to improved algorithms, the two offer vastly different photography experiences...

沈飞在心里快速的算了一下，按照计划T80在非洲的售价是30美刀，T80A的售价是35美刀，T1的售价是100美刀。

Even including transportation, tariffs, and marketing expenses, the gross profit margin can still reach 30-40%. If we can sell more than 50 units per month... all problems will be solved.

Compared to China, Africa is still quite profitable, provided that the problem of taking photos in Africa is solved.

"What is the inventory status?"

"Currently, there are a total of 3 T80 units in stock across the two series, with more of the lower-spec models. The T1 series only has 1 units in stock."

With the production line running at full capacity, we can produce around 4 units per week.

Shen Fei nodded: "That's enough. We can recruit another batch of people and start two more production lines. I feel that these three phones will be a huge hit in Africa, so we must make sure to have enough stock."

Then the marketing department prepared a launch event in Nigeria, scheduled for October 28th.

"yes!"

As I stepped out of the factory, it was already getting dark; the autumn weather in Guangzhou was unusually crisp and refreshing.

A gentle breeze swept by as Shen Fei stood at the entrance, watching the four large characters of Transsion Technology gleam in the sunlight.

A month ago, this place was lifeless and could close down at any time, and the workers were worried about losing their jobs.

A month later, two products and three mobile phones were ready to go on an expedition to Africa, and the production line that was about to be shut down started working three shifts!

…………

On October 27th, Shenyang Aircraft Corporation (SAC) arrived in Las Vegas, Nigeria, once again.

This time, Adebayor and his group of followers came to pick him up at the airport.

These people were all dressed in the same clothes, standing ramrod straight with impeccable discipline. The one leading them, Adebayor, was dressed in a neat suit and looked every bit the successful man, completely different from the small stall owner from last time.

"Hello, boss!"

As he led the way, the group behind him shouted in unison, "Welcome, boss, to inspect our work!"

They demonstrated their discipline.

After the welcoming ceremony, on the way to the flagship store, Adebayo said in somewhat broken Mandarin:

"Sir, all 20 stores have been renovated and the store managers have been trained. The inventory of 5 T100s has been sold out, and the revenue has reached 220 million US dollars."

However, most of the funds were used for hiring staff and purchasing stores, and there is still $200 million in the books.

In addition, mobile phone dealers in Lux are all asking when new stock will be available; they also want to become agents or join us.

Adebayor believed that his boss would be satisfied with his achievements over this period of time. In fact, it was not as clear as he had said.

Wang Jianguo alone has orchestrated no fewer than five targeted incidents, not to mention other gangs...

But with the help of professionals and money, these thugs were eventually beaten into submission, making him the best-kept man in the game...