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Saturday, May 06, 2023 5:05:09 PM
Lugee Li would like to invalidate the Apple agreement of 2010 and even though the 106 alloy was developed after the termination date, Apple considers it to be a BMG and therefore subject to the exclusively agreement. Apple can’t sue and win in China and there is no point to going after LQMT-NA. It’s also the big/bad corporate giant squashing the little guy which makes bad press.
Two strong corporate personalities…..Lugee is playing the “waiting game” as more and more of Apple’s competition is going foldable and increasing pressure for Apple to follow. They could take their independently developed technology, educate Foxconn and sidestep Lugee (and LQMT). Might happen but they better be really confident in their technology and Apple is not a manufacturing company.
I don’t expect Apple to be willing to compromise….and I am guessing that Lugee Li is asking for the “moon”.
So what is the Plan B….a domestic manufacturing partner …probably an automobile company and of the three (GM, Ford, Tesla) I’m thinking Tesla since they have already covered much of this ground when they went the way of the MegaMachines. Elon Musk has the chutzpah to make a decision like that…..the others will send it to committee and talk it to death by a thousand MBAs.
We can still achieve NASDAQ status without Apple.
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