My Rich Hot and Infertile Husband (Celeste and Liam) novel 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.’

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.