The Light of Domestic Products: The whole world begs me to sell
Chapter 278 Overturning the Table for Them
Chapter 278 Overturning the Table for Them
Hu Lai was full of doubts, but it was a pity that Chen Hai didn't say it clearly on the phone.
At noon the next day, Chen Hai came to the Phoenix Group headquarters in person.
Hu Lai and Director Zhang had been waiting for a long time, but to Hu Lai's surprise, apart from Chen Hai coming in person, there was also a strange middle-aged man accompanying him.
As soon as we met, Chen Hai took the lead in introducing:
"Mr. Hu, this is Professor Wu Zhongliang, a well-known foreign trade economist with unique insights into the international situation."
"Professor Wu, this is the boss of Phoenix Group, President Hu Lai Hu."
Hu Lai was immediately attracted by Professor Wu Zhongliang. Professor Wu looked a little younger, and a pair of narrow-rimmed black-rimmed glasses showed his scholarly temperament.
However, while he was enthusiastically shaking hands with Professor Wu, he was even more surprised. Chen Hai suddenly brought a professor of foreign trade economics for another purpose.
really.
After everyone was seated, Chen Hai directly took out a document from his bag and handed it to Hu Lai, and said with a smile:
"Mr. Hu, this is the big chip order I told you on the phone yesterday."
"Are you interested in seeing it?"
Hu Lai was already full of curiosity in his heart, so he quickly took it, but he was stunned after just looking at it.
"This...is this an order from next door?"
Chen Hai nodded.
"This is the purchase order from the Mikron company next door."
"You should also know that they can't buy guns globally now, and mid-range and high-end guns are even more expensive in the black market, and they are very scarce."
"They should have seen your latest 'Xingyao 005' commercially available on mobile phones, so they approached us privately, hoping that we could sell them some chips."
"However... it's up to you to decide whether to sell it or not."
Hu Lai hurriedly lowered his head and looked at the information in his hand. Although Chen Hai ventilated in advance, he had expectations in advance, but at this moment when he actually heard that it was provided to the next door, he still couldn't help being a little surprised.
When seeing the quantity, Director Zhang widened his eyes and couldn't help exclaiming:
"Do you want to purchase so much at one time?"
“5纳米的‘星耀005’芯片、14纳米虎跃140和虎跃280,还有一些56纳米芯片和MCU芯片……”
"The total value of these chips is not less than 700 billion!"
700 billion? !
Hu Lai didn't know the price as well as Director Zhang, and he couldn't help being stunned when he heard Director Zhang say the value of 700 billion.
He looked at Chen Hai in surprise, only to see Chen Hai nodded, and then said to Professor Wu Zhongliang beside him:
"Professor Wu, Mr. Hu and Mr. Zhang may not know much about Da Mao's chips. Could you briefly introduce them?"
Professor Wu said hello and took the conversation:
"Da Mao's chip industry has always been relatively backward. One reason is that their own consumer electronics market is small, and there are no decent domestic brands for mobile phones, tablets, and laptops."
"Secondly, Damao's economy has been very difficult in recent years. There is no money to develop the chip industry. The domestic chip industry is almost inclined to the military and aerospace fields. The current level can barely produce 45nm chips."
"Moreover, this 45-nanometer chip is used in the military and aerospace fields. There is a gap in performance between consumer-grade chips, so almost all of their consumer-grade and industrial-grade chips rely on imports from Europe and the United States."
After a slight pause, Professor Wu pushed the glasses frame, and then said:
"The two of them should also understand their current situation. They are already facing a large-scale lack of heart in their country."
"At the same time, because the supply of raw materials such as photoresist has been cut off, they now have problems even with 45nm chips used in the military industry. It is said that the military has even begun to collect chips in washing machines."
"It's normal for them to purchase so many chips at once in their current situation."
Hu Lai nodded, probably understanding the basic situation.
Before he could speak, Chen Haishun next to him said what Professor Wu had just said:
"However, because of M's reason, no company dares to openly sell to Mao Xiong, and it's still such a large amount."
"In principle, we have no objection to this transaction, but such a huge amount of transactions will definitely not escape the eyes of the other party..."
"We will do everything possible to protect your legitimate rights and interests, but I am afraid that your overseas market will inevitably be severely suppressed."
"You have to know that what you are doing now has already touched their core chip industry!"
"And, to put it more seriously, such an action has even surpassed the economic category. It is a very strong deliberate provocation..."
Hu Lai's expression had changed from initial surprise to seriousness, which really meant touching the tiger's butt on purpose.
He didn't have any illusions about it. At the beginning, the Chrysanthemum Factory only touched their interests on five G, which had not yet formed a market, and was blocked in all directions for an unprecedented time, let alone a core interest industry such as chips.
Immediately afterwards, Chen Hai's words also verified Hu Lai's thoughts.
"In this way, all your overseas industries will be affected, even your industrial base in Burundi, Africa."
"That's why I asked you yesterday, do you dare to sell?"
Hu Lai fell silent. This incident has indeed had a huge impact, and it is no longer as simple as simply exporting chips.
On another level, it directly broke their strategic deployment...
Thinking of this, he raised his head and glanced at Chen Hai. Chen Hai deliberately came to mention this matter to himself. I am afraid that the above thinking is also inclined to export chips to Mao Xiong.
but.
Just as he was considering the overall impact, Professor Wu on the side coughed lightly and said:
"Mr. Hu, of course risks and opportunities always coexist, and there is a good side to this matter."
Seeing that Hu Lai was looking at him intently, Professor Wu went on to say:
"For a long time, M's chip industry has monopolized the world. Even under normal circumstances, it is very difficult for our chips to go global."
"But once Da Mao uses our chips in large quantities, the whole world will know about Phoenix Semiconductor, and all countries that are pro-Da Mao will definitely be affected, and cooperation with markets such as Ottoman and Tuji will be logical."
"You have to believe that although Da Mao has declined, his influence is still not small. Don't you want to open up foreign chip markets?"
Hu Lai narrowed his eyes slightly, his mind was running fast, the Phoenix chip must be going to sea!
"Besides, there is a better opportunity for you Phoenix Group."
"That's the additional economic contract..."
"An additional economic contract?"
Seeing Hu Lai asked with doubts in his eyes, Professor Wu's eyes became sharper, and he said in a calm voice:
"Yes, an additional economic contract for purchasing chips!"
"Now this time point is the most difficult time for Mao Xiong. In other words, it is also the time when we take the absolute initiative."
"Whether you say taking advantage of the fire or robbing them, it doesn't matter whether you are making trouble, the fact is that Da Mao needs these chips very much, and we are the only one in the world who can meet their needs. We can take the opportunity to make more demands, and they cannot refuse."
Speaking of this, Professor Wu's eyes were already very sharp, and he looked directly at Hu Lai:
"For example, your main business of laptops, desktop computers, electric scooters, mobile phones and even our other product contracts, we can talk to them!"
"Their light industry is not well developed, and these things are also necessities for them, such as their laptops. Even if they don't buy our laptops, they will import Hongguo or HP, Dell laptops!"
"In this way, your products will enter the bear market through fixed economic contracts!"
"With official coordination, you will gain market share more easily than any other brand. Don't you want the Phoenix Group's products to monopolize Maoxiong Country?"
"Don't you want to sell laptop phones all over the world?"
This? !
A series of products purchased by the official contract of Phoenix enter the market of Mao Xiong? !
I have to say that a few simple words made Hu Lai feel a little excited.
Which entrepreneur doesn't want to sell his products all over the world?
Which entrepreneur does not want to make the company a global enterprise?
You must know that Phoenix's products are high-value technological products, not low-level crops.
If they really want to be able to monopolize the Maoxiong Country's market, then the annual profits...
Hu Lai took a deep breath.
have to say.The additional economic contract is indeed a huge shortcut for Phoenix Group to become an international enterprise.
The atmosphere in the conference room suddenly became tense. Just as Hu Lai's thoughts were surging, Professor Wu took the initiative to lower the topic.
Tapping the table lightly with his fingers, the topic changed:
"Oil prices are skyrocketing these days. Don't look at Da Mao being blocked, but the purchasing power of the market is actually quite good!"
"If you can really reach an agreement with Damao and sign this 700 billion chip contract and additional contract, it will also help us strategically, and we can also import more crude oil and other resources!"
Hu Lai froze for a moment, what is the relationship between the two?
He asked curiously:
"Professor Wu, can't we import more crude oil and other resources without signing these contracts?"
Professor Wu laughed twice and explained:
"That's what foreign trade needs to consider at the national level."
"Now the whole world is banned from buying Damao's oil by country M. Until now, the international oil price is higher than 100 dollars, but do you know the price of the oil we buy from Damao?"
Hu Lai's expression froze, he didn't expect to hear Professor Wu say such a secret thing.
However, Professor Wu didn't speak clearly, he waved his hand and said:
"Anyway, it's a little lower than the international oil price..."
???
It’s a bit confusing to be silly. According to Professor Wu, since buying crude oil from Da Mao is cheaper than the international oil price, why not buy a special one?
Professor Wu seemed to have guessed what Hu Lai was thinking, and continued:
"From a strategic point of view, Damao is now blocked and cannot be sold. We should indeed import more oil from Damao to help them not be dragged down."
"However, there is a limit to help!"
"Limited?!"
Professor Wu glanced at Chen Hai, saw that Chen Hai had no intention of stopping him, and continued:
"Correct."
"Would you rather have your neighbor be a bloody, raging bear, or a scrawny bear who's even being piped and 'billed'?"
As soon as the words fell, Chen Hai quickly coughed and reminded:
"Professor Wu..."
"Good good!"
Professor Wu looked at it with a smile and waved his hand, cut off the topic just now, and said seriously:
"Last month we imported 340 billion yuan of crude oil from Damao, and the import of other crops and minerals was close to 900 billion yuan. Calculated, our imports from Damao this year should exceed one trillion yuan."
"But, do you know how much our export value to Damao is? Only half! The surplus is too big!"
"Therefore, your chip contract must be reached to increase the export value. Correspondingly, we can import 1000 billion more crude oil..."
"Otherwise...it's not good to have too much trade surplus."
Having said that, Hu Lai and Director Zhang looked at each other...
The trade surplus must ensure that Da Mao can survive, but it must not allow Da Mao to live too well.
Is this the game of great powers?
Seeing that Professor Wu finished speaking, Chen Hai took the opportunity to take over the words. He pointed to the information given to the two at the beginning, and said:
"Mr. Hu, you turn to the back, and they also proposed to buy your 5nm EUV lithography machine and a full set of production materials."
"Oh?"
Hu Lai quickly turned to the end. After thinking for a while, he smiled at Professor Wu and said:
"According to Professor Wu's Great Power Game, our lithography machines should not be exported, right?"
Professor Wu was also amused by Hu Lai's expression, and said with a smile:
"That's right!"
"Now the lithography machine is already an extremely important strategic resource for us, how can it be easily exported?"
"It's like an old hen. I've only heard of old hens selling eggs, so how can you be willing to sell a laying hen so easily?"
"In the past, M used lithography machines to control the entire chip industry chain, and made a lot of profits through finished chip products. Now we are also one of the players, and it's time for us to cut leeks from all over the world through chips!"
While talking and laughing, Professor Wu suddenly looked at Hu Lai:
"Then, Mr. Hu."
"Have you considered it? Do you want to sign this chip contract with Da Mao?"
Suddenly, the meeting room fell silent, and Hu Lai didn't rush to answer.
In fact, the biggest impact of this order is the overseas business of Phoenix Group, and the corresponding is to obtain a large number of chip orders and additional contracts.
And, as Professor Wu said, although the influence behind Da Mao!
While deliberating carefully, Hu Lai suddenly thought of what Professor Wu said just now.
"Even under normal circumstances, it is very difficult for our chips to go out."
That's right, no matter what, as long as the Phoenix Group promotes chips around the world, it will definitely touch the interests of country M.
The chip industry is their core interest, involving several trillion dollars. According to their urgency, they will never give up their market share. There must be a battle between us!
Now it's nothing more than moving the time forward!
Moreover, Phoenix Group has been at constant friction with country M since the beginning of new energy vehicles, and even brought up Zhang Feiyang's framing incident in Frankfurt. It has long been a dead end situation!
It can be foreseen that if the Phoenix mobile phone is to be promoted to the world, it will inevitably be blocked by Hongguo, and the Phoenix mobile phone will most likely receive the same treatment as Huawei!
That being the case, it's better to take the initiative and break the situation from another angle!
Overturn the table where they monopolize chips first!
……
PS: Thank you, Brother Shuai Shuaicheng, for the reward of 2000 coins!
Thank you ping901901 for rewarding 100 coins!
(End of this chapter)
Hu Lai was full of doubts, but it was a pity that Chen Hai didn't say it clearly on the phone.
At noon the next day, Chen Hai came to the Phoenix Group headquarters in person.
Hu Lai and Director Zhang had been waiting for a long time, but to Hu Lai's surprise, apart from Chen Hai coming in person, there was also a strange middle-aged man accompanying him.
As soon as we met, Chen Hai took the lead in introducing:
"Mr. Hu, this is Professor Wu Zhongliang, a well-known foreign trade economist with unique insights into the international situation."
"Professor Wu, this is the boss of Phoenix Group, President Hu Lai Hu."
Hu Lai was immediately attracted by Professor Wu Zhongliang. Professor Wu looked a little younger, and a pair of narrow-rimmed black-rimmed glasses showed his scholarly temperament.
However, while he was enthusiastically shaking hands with Professor Wu, he was even more surprised. Chen Hai suddenly brought a professor of foreign trade economics for another purpose.
really.
After everyone was seated, Chen Hai directly took out a document from his bag and handed it to Hu Lai, and said with a smile:
"Mr. Hu, this is the big chip order I told you on the phone yesterday."
"Are you interested in seeing it?"
Hu Lai was already full of curiosity in his heart, so he quickly took it, but he was stunned after just looking at it.
"This...is this an order from next door?"
Chen Hai nodded.
"This is the purchase order from the Mikron company next door."
"You should also know that they can't buy guns globally now, and mid-range and high-end guns are even more expensive in the black market, and they are very scarce."
"They should have seen your latest 'Xingyao 005' commercially available on mobile phones, so they approached us privately, hoping that we could sell them some chips."
"However... it's up to you to decide whether to sell it or not."
Hu Lai hurriedly lowered his head and looked at the information in his hand. Although Chen Hai ventilated in advance, he had expectations in advance, but at this moment when he actually heard that it was provided to the next door, he still couldn't help being a little surprised.
When seeing the quantity, Director Zhang widened his eyes and couldn't help exclaiming:
"Do you want to purchase so much at one time?"
“5纳米的‘星耀005’芯片、14纳米虎跃140和虎跃280,还有一些56纳米芯片和MCU芯片……”
"The total value of these chips is not less than 700 billion!"
700 billion? !
Hu Lai didn't know the price as well as Director Zhang, and he couldn't help being stunned when he heard Director Zhang say the value of 700 billion.
He looked at Chen Hai in surprise, only to see Chen Hai nodded, and then said to Professor Wu Zhongliang beside him:
"Professor Wu, Mr. Hu and Mr. Zhang may not know much about Da Mao's chips. Could you briefly introduce them?"
Professor Wu said hello and took the conversation:
"Da Mao's chip industry has always been relatively backward. One reason is that their own consumer electronics market is small, and there are no decent domestic brands for mobile phones, tablets, and laptops."
"Secondly, Damao's economy has been very difficult in recent years. There is no money to develop the chip industry. The domestic chip industry is almost inclined to the military and aerospace fields. The current level can barely produce 45nm chips."
"Moreover, this 45-nanometer chip is used in the military and aerospace fields. There is a gap in performance between consumer-grade chips, so almost all of their consumer-grade and industrial-grade chips rely on imports from Europe and the United States."
After a slight pause, Professor Wu pushed the glasses frame, and then said:
"The two of them should also understand their current situation. They are already facing a large-scale lack of heart in their country."
"At the same time, because the supply of raw materials such as photoresist has been cut off, they now have problems even with 45nm chips used in the military industry. It is said that the military has even begun to collect chips in washing machines."
"It's normal for them to purchase so many chips at once in their current situation."
Hu Lai nodded, probably understanding the basic situation.
Before he could speak, Chen Haishun next to him said what Professor Wu had just said:
"However, because of M's reason, no company dares to openly sell to Mao Xiong, and it's still such a large amount."
"In principle, we have no objection to this transaction, but such a huge amount of transactions will definitely not escape the eyes of the other party..."
"We will do everything possible to protect your legitimate rights and interests, but I am afraid that your overseas market will inevitably be severely suppressed."
"You have to know that what you are doing now has already touched their core chip industry!"
"And, to put it more seriously, such an action has even surpassed the economic category. It is a very strong deliberate provocation..."
Hu Lai's expression had changed from initial surprise to seriousness, which really meant touching the tiger's butt on purpose.
He didn't have any illusions about it. At the beginning, the Chrysanthemum Factory only touched their interests on five G, which had not yet formed a market, and was blocked in all directions for an unprecedented time, let alone a core interest industry such as chips.
Immediately afterwards, Chen Hai's words also verified Hu Lai's thoughts.
"In this way, all your overseas industries will be affected, even your industrial base in Burundi, Africa."
"That's why I asked you yesterday, do you dare to sell?"
Hu Lai fell silent. This incident has indeed had a huge impact, and it is no longer as simple as simply exporting chips.
On another level, it directly broke their strategic deployment...
Thinking of this, he raised his head and glanced at Chen Hai. Chen Hai deliberately came to mention this matter to himself. I am afraid that the above thinking is also inclined to export chips to Mao Xiong.
but.
Just as he was considering the overall impact, Professor Wu on the side coughed lightly and said:
"Mr. Hu, of course risks and opportunities always coexist, and there is a good side to this matter."
Seeing that Hu Lai was looking at him intently, Professor Wu went on to say:
"For a long time, M's chip industry has monopolized the world. Even under normal circumstances, it is very difficult for our chips to go global."
"But once Da Mao uses our chips in large quantities, the whole world will know about Phoenix Semiconductor, and all countries that are pro-Da Mao will definitely be affected, and cooperation with markets such as Ottoman and Tuji will be logical."
"You have to believe that although Da Mao has declined, his influence is still not small. Don't you want to open up foreign chip markets?"
Hu Lai narrowed his eyes slightly, his mind was running fast, the Phoenix chip must be going to sea!
"Besides, there is a better opportunity for you Phoenix Group."
"That's the additional economic contract..."
"An additional economic contract?"
Seeing Hu Lai asked with doubts in his eyes, Professor Wu's eyes became sharper, and he said in a calm voice:
"Yes, an additional economic contract for purchasing chips!"
"Now this time point is the most difficult time for Mao Xiong. In other words, it is also the time when we take the absolute initiative."
"Whether you say taking advantage of the fire or robbing them, it doesn't matter whether you are making trouble, the fact is that Da Mao needs these chips very much, and we are the only one in the world who can meet their needs. We can take the opportunity to make more demands, and they cannot refuse."
Speaking of this, Professor Wu's eyes were already very sharp, and he looked directly at Hu Lai:
"For example, your main business of laptops, desktop computers, electric scooters, mobile phones and even our other product contracts, we can talk to them!"
"Their light industry is not well developed, and these things are also necessities for them, such as their laptops. Even if they don't buy our laptops, they will import Hongguo or HP, Dell laptops!"
"In this way, your products will enter the bear market through fixed economic contracts!"
"With official coordination, you will gain market share more easily than any other brand. Don't you want the Phoenix Group's products to monopolize Maoxiong Country?"
"Don't you want to sell laptop phones all over the world?"
This? !
A series of products purchased by the official contract of Phoenix enter the market of Mao Xiong? !
I have to say that a few simple words made Hu Lai feel a little excited.
Which entrepreneur doesn't want to sell his products all over the world?
Which entrepreneur does not want to make the company a global enterprise?
You must know that Phoenix's products are high-value technological products, not low-level crops.
If they really want to be able to monopolize the Maoxiong Country's market, then the annual profits...
Hu Lai took a deep breath.
have to say.The additional economic contract is indeed a huge shortcut for Phoenix Group to become an international enterprise.
The atmosphere in the conference room suddenly became tense. Just as Hu Lai's thoughts were surging, Professor Wu took the initiative to lower the topic.
Tapping the table lightly with his fingers, the topic changed:
"Oil prices are skyrocketing these days. Don't look at Da Mao being blocked, but the purchasing power of the market is actually quite good!"
"If you can really reach an agreement with Damao and sign this 700 billion chip contract and additional contract, it will also help us strategically, and we can also import more crude oil and other resources!"
Hu Lai froze for a moment, what is the relationship between the two?
He asked curiously:
"Professor Wu, can't we import more crude oil and other resources without signing these contracts?"
Professor Wu laughed twice and explained:
"That's what foreign trade needs to consider at the national level."
"Now the whole world is banned from buying Damao's oil by country M. Until now, the international oil price is higher than 100 dollars, but do you know the price of the oil we buy from Damao?"
Hu Lai's expression froze, he didn't expect to hear Professor Wu say such a secret thing.
However, Professor Wu didn't speak clearly, he waved his hand and said:
"Anyway, it's a little lower than the international oil price..."
???
It’s a bit confusing to be silly. According to Professor Wu, since buying crude oil from Da Mao is cheaper than the international oil price, why not buy a special one?
Professor Wu seemed to have guessed what Hu Lai was thinking, and continued:
"From a strategic point of view, Damao is now blocked and cannot be sold. We should indeed import more oil from Damao to help them not be dragged down."
"However, there is a limit to help!"
"Limited?!"
Professor Wu glanced at Chen Hai, saw that Chen Hai had no intention of stopping him, and continued:
"Correct."
"Would you rather have your neighbor be a bloody, raging bear, or a scrawny bear who's even being piped and 'billed'?"
As soon as the words fell, Chen Hai quickly coughed and reminded:
"Professor Wu..."
"Good good!"
Professor Wu looked at it with a smile and waved his hand, cut off the topic just now, and said seriously:
"Last month we imported 340 billion yuan of crude oil from Damao, and the import of other crops and minerals was close to 900 billion yuan. Calculated, our imports from Damao this year should exceed one trillion yuan."
"But, do you know how much our export value to Damao is? Only half! The surplus is too big!"
"Therefore, your chip contract must be reached to increase the export value. Correspondingly, we can import 1000 billion more crude oil..."
"Otherwise...it's not good to have too much trade surplus."
Having said that, Hu Lai and Director Zhang looked at each other...
The trade surplus must ensure that Da Mao can survive, but it must not allow Da Mao to live too well.
Is this the game of great powers?
Seeing that Professor Wu finished speaking, Chen Hai took the opportunity to take over the words. He pointed to the information given to the two at the beginning, and said:
"Mr. Hu, you turn to the back, and they also proposed to buy your 5nm EUV lithography machine and a full set of production materials."
"Oh?"
Hu Lai quickly turned to the end. After thinking for a while, he smiled at Professor Wu and said:
"According to Professor Wu's Great Power Game, our lithography machines should not be exported, right?"
Professor Wu was also amused by Hu Lai's expression, and said with a smile:
"That's right!"
"Now the lithography machine is already an extremely important strategic resource for us, how can it be easily exported?"
"It's like an old hen. I've only heard of old hens selling eggs, so how can you be willing to sell a laying hen so easily?"
"In the past, M used lithography machines to control the entire chip industry chain, and made a lot of profits through finished chip products. Now we are also one of the players, and it's time for us to cut leeks from all over the world through chips!"
While talking and laughing, Professor Wu suddenly looked at Hu Lai:
"Then, Mr. Hu."
"Have you considered it? Do you want to sign this chip contract with Da Mao?"
Suddenly, the meeting room fell silent, and Hu Lai didn't rush to answer.
In fact, the biggest impact of this order is the overseas business of Phoenix Group, and the corresponding is to obtain a large number of chip orders and additional contracts.
And, as Professor Wu said, although the influence behind Da Mao!
While deliberating carefully, Hu Lai suddenly thought of what Professor Wu said just now.
"Even under normal circumstances, it is very difficult for our chips to go out."
That's right, no matter what, as long as the Phoenix Group promotes chips around the world, it will definitely touch the interests of country M.
The chip industry is their core interest, involving several trillion dollars. According to their urgency, they will never give up their market share. There must be a battle between us!
Now it's nothing more than moving the time forward!
Moreover, Phoenix Group has been at constant friction with country M since the beginning of new energy vehicles, and even brought up Zhang Feiyang's framing incident in Frankfurt. It has long been a dead end situation!
It can be foreseen that if the Phoenix mobile phone is to be promoted to the world, it will inevitably be blocked by Hongguo, and the Phoenix mobile phone will most likely receive the same treatment as Huawei!
That being the case, it's better to take the initiative and break the situation from another angle!
Overturn the table where they monopolize chips first!
……
PS: Thank you, Brother Shuai Shuaicheng, for the reward of 2000 coins!
Thank you ping901901 for rewarding 100 coins!
(End of this chapter)
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