During this period, Zheng Tao completed the various legal procedures for the newly established chip company, and the chips prepared by Li Xiangdong in the name of the company for Huawei Company were finally shipped.
Upon testing by Huawei Company, the three million chips proved to be of excellent performance. Calculated at 800 yuan per chip, the total price reached 2.4 billion. Soon, 2.28 billion yuan in cash—minus a 5% deposit—was transferred into the account of the newly established chip company. Excluding the energy consumption from extracting items from the ring, Li Xiangdong actually spent less than two million on material costs. Moreover, Hua Nation had introduced a new tax-exemption policy to support the chip industry, meaning that this 2.4 billion was virtually all net profit. Li Xiangdong instantly leaped into the ranks of Hua Nation's wealthy—albeit as an invisible billionaire.
Having made preparations well in advance, Huawei Company launched its new generation of Huawei flagship phones equipped with the Pangu System just three days after receiving the chips. All performance tests completely outperformed the top-tier phones from Apple and Samsung, once again sparking a wave of people lining up overnight to buy Huawei phones in the market.
Chapter 75