My Age of Investment

   Chapter 1314 Entering the Chip Era

   After inspecting Spreadtrum Communications, on the way back, Xia Jingxing chatted with Deng Yuanjun about Zhang Xuezeng again.

   "I want to give Zhang Xuezheng a chance!"

  Deng Yuanjun looked at the boss suspiciously, not knowing what opportunity he was talking about.

   "I want Honor Mobile to place an order for Wingtech to design a smartphone that sells for less than 1,000 yuan for us."

  Deng Yuanjun shook his head again and again, "Mr. Xia, we have calculated the cost before. At this stage, the smart phone industry chain is immature, and there is no way to pull the smart phone into the thousand-yuan machine era.

   Besides, Honor has not even launched a mobile phone, and has no brand value.

   It’s almost the same as a Fuxing mobile phone! "

   Now it was Xia Jingxing's turn to shake his head, "Fuxing mobile phone cannot be ODM, it is positioned as a high-end mobile phone, and the pursuit of excellent performance is the first priority. How can it be possible to design a fake hand."

  In addition to Wisdom Fruit, mobile phone manufacturers including Samsung and Chrysanthemum Factory basically adopt the development model of self-developed high-end flagship mobile phones and outsourced low-end mobile phones to ODM manufacturers.

   "That guy Zhang Xuezheng is quite capable. I remember he was discovered by you, right?"

   A smile appeared on Deng Yuanjun's face, "At that time, I went to Longqi to talk about investment, but was declined.

   A friend said there was a good young entrepreneur and asked me if I wanted to meet him.

   After I went to see Zhang Xuezing, I thought their small team was pretty good. Although they didn’t have any money, the team’s cohesion and combat effectiveness were very strong.

   So he came back and persuaded you to invest $100,000 and take 20% of the shares.

   Now, the investment is worth it.

  Wingtech is not an Internet company, but its valuation growth is no less than that of ordinary Internet companies.

   In just four years, the company has grown from 100,000 yuan to a large industrial company with a factory worth 80 million US dollars.

   Zhang Xuezheng is very courageous, and he is very good at judging the situation. "

  Xia Jingxing nodded, agreeing with Deng Yuanjun's evaluation of Zhang Xuezheng.

   In fact, the transition from IDH to an ODM manufacturer is just the first leap in Zhang Xuezheng's life.

   Next, he will lead Wingtech Technology to acquire Nexperia Semiconductor, the largest semiconductor acquisition in China.

There are many labels and concepts affixed to Wingtech in the past life. China's only world-class IDM (Integrated Component Manufacturer) semiconductor company, automotive-grade automotive semiconductor company, the largest analog circuit semiconductor company, the world's first ODM company, Into the wisdom fruit industry chain, Tesla industry chain...

   In terms of capital operation, trend judgment, upstream and downstream integration of the industrial chain, etc., Zhang Xuezhen is a leader among entrepreneurs.

   When IDH dividends are about to run out, they bet heavily on the transformation of ODM manufacturers; when smartphones are not selling and growth is peaking, they are betting heavily on semiconductors; when the dawn of 5G and new energy vehicles appears, they begin to actively deploy.

  On Zhang Xuezheng's successful entrepreneurial journey, he can clearly see the epitome of China's industrial upgrading.

  This guy stands on the tide again and again, with courage, determination, and judgment that few people can match.

  Xia Jingxing admires this kind of entrepreneur who is full of desire for expansion.

   At the same time, he estimated that if the development continues at this pace, Wingtech will become a heavyweight partner of Fuxing Industry and Tesla in the future, so he does not hesitate to support Zhang Xuezheng.

   He can't bring China Semiconductor alone, so he needs to find more like-minded people.

  Thinking of this, Xia Jingxing said, "What do you think of the companies invested by the two major funds, the Mobile Phone Industry Investment Fund and the Renaissance Industry Investment Fund, for a meeting?"

  Deng Yuanjun quickly realized what Xia Jingxing wanted to do, and blurted out: "Integrate resources?"

   "Yes, we will give greater support to entrepreneurs who have synergies with the various businesses of Fuxing Industry, are willing to obey our arrangements, and want to make a big splash in the consumer electronics and semiconductor industries."

  Deng Yuanjun had some doubts in his heart and reminded: "Will it be identified as an abuse of market dominance?"

  Xia Jingxing frowned, "How can you say that? The size of Fuxing Industry has not yet reached that level."

  Deng Yuanjun shook his head, "But it's different with the Fuxing Industrial Industrial Fund. Who would dare not obey the Fuxing Industrial Group's arrangement."

   "I just want to deepen the relationship between the various business units of Fuxing Industry and the invested companies, and to promote the cooperation between the invested companies and the invested companies.

  For example, Huaqin and Wingtech, as ODM manufacturers, are different from pure foundry manufacturers. They have a certain right to speak in the supply chain.

   When they purchase mobile phone parts, if they are slightly inclined to Fuxing enterprises, can they accelerate the growth of Fuxing enterprises, or the growth of China's mobile phone industry chain and semiconductor industry chain?

   What we play here is not the role of dominating the market, but the role of helping China's technological growth.

  If you want to complete localization substitution as high as possible in some technological fields, providing development funds is only the most basic, but also giving them orders to let them eat a part of the market share, so that a virtuous circle will be born. "

   Looking at the serious look on the boss's face, Deng Yuanjun didn't know what to say, Minister of Civil Science and Technology? Broken heart for China's science and technology cause.

   "Mr. Xia, the trade behavior between companies is not under our human control. The determining factors are the price, quality, etc. of the products."

  Deng Yuanjun spread out his hands with a helpless expression.

   He understands the boss's urgency, but technological progress requires time and brutal market competition. The boss is about to reverse the course of history and engage in that kind of economy.

  Xia Jingxing said with a wry smile: "I know that we cannot decide the cooperation between the invested companies and the invested companies, at most we can decide the cooperation between these companies and Fuxing Industry.

   However, we can build a communication platform to support some start-up and difficult enterprises as much as possible.

  Especially those industries that are still blank or weak in technology in China. You don't need it, I don't need it, that's a shit, the company will die before it develops. "

  Deng Yuanjun thinks about it too, the boss's worries are not unreasonable.

   This is indeed the case in some industries. It is useless to spend money on R&D behind closed doors. It is necessary to occupy a certain market share and conduct technical verification and improvement by putting products into the market.

   This is like the combination of theory and practice in order to achieve the effect of continuous improvement.

   "For example, EDA electronic design automation software, there is not even a decent company in China. The three American giants Synopsys, Cadence, and Mentor almost monopolize the EDA market.

  If you are not allowed to use their technology, it is useless to let you lead the chip design, because you do not have a drawing tool. "

  Xia Jingxing sighed, EDA software can be classified as industrial software, this entire industry is China's weak point.

  Germany and the United States, as traditional industrial powers, are very strong in this field.

  The development of Industry 4.0, Industrial Internet, and intelligent manufacturing cannot bypass industrial software, because this is the soul.

  For the manufacture of Boeing 787, more than 8,000 industrial software are used, of which only 1,000 are commercial software on the market, and the other 7,000 software are the technical essence accumulated by Boeing for decades, and are not sold externally.

  The largest industrial software company in the United States is not Microsoft, not Oracle, nor IBM, but Lockheed Martin, and it is also the world's number one arms dealer.

  Siemens is a century-old industrial giant, and its industrial software technology is also the world's top. It has provided solutions for many world's top technology projects such as the world's largest particle accelerator - the European Large Hadron Collider and the "Curiosity" Mars rover.

   Xia Jingxing has been thinking about this issue recently, the rejuvenation industry is big, but it is leaking everywhere and lacks some adhesives to fill the gaps.

   Just like the Chinese Internet, it is strong in the application layer and weak in the underlying architecture, all of which are painted on paper provided by others.

  If other people don't sell paper one day, no matter how good their painting skills are, they will not be able to paint.

  Deng Yuanjun sighed: "In the 1990s, there was a panda EDA in China, but unfortunately, it did not develop under the trend of "making is worse than buying".

   Entering the new century, after joining the WTO, China has introduced a lot of high-end equipment, but such purchases are often accompanied by bundled sales, and hardware and software are purchased together, resulting in a narrower and narrower path for domestic industrial software.

  Industrial software needs to be used in a large amount to mature. Once it is rarely used, the product experience and market demand will gradually become disconnected until it is completely unused.

   Now the technology gap is getting bigger and bigger, and if we don’t catch up, we can only keep spinning at the middle and low end of the global industrial chain division of labor. "

  Xia Jingxing nodded, "I was thinking, should we invite some college professors to come to the meeting and ask them to help us clean up a list.

  Which industries and which technologies are weak, we prescribe the right medicine. "

"this is okay!"

  Deng Yuanjun said with a smile: "The nuclear high-base project announced in China last year has EDA, which shows that the country has noticed these technical weaknesses.

   We can even communicate with the relevant departments, they have more detailed data than ours. "

  Xia Jingxing has an idea, it is difficult to find a country!

  Although the brain drain is serious, many official institutions still reserve a large number of top talents.

   Bring together the scientific and technological strength of the whole country, give a diagnosis to the rejuvenation industry, see which areas need to be strengthened, and keep pace with the country at the same time.

   "I heard that Liu Weiping, the core backbone of Panda EDA and the current general manager of Huada Electronics, left the system and started his own business. It seems that he wants to make high-level domestic EDA software."

   As soon as he heard about Huada, Xia Jingxing knew which company it was, Huada Jiutian, the domestic EDA leader in the future.

   "You can invite him to the conference, EDA and even the entire industrial software is a hard bone that we will chew on next.

  Especially EDA, we must let Fuxing Semiconductor and the chip design companies we invest in take the lead in using it first, otherwise when the avalanche hits, no one can escape and they will all be buried in the ground. "

  Deng Yuanjun asked again: "Mr. Xia, what is the name of our meeting? What is the theme?"

  "It's called "Into the Chip Era", the main content is to discuss how to make the enterprise bigger and stronger.

   At the same time, the Renaissance Industrial Industry Fund also officially responded to the outside world, announcing our investment direction and scope, including but not limited to chips.

  Industries like industrial software, robots, industrial mother machines, new materials, new energy, etc. are all included.

  Like you said, all you have to do is invest all your funds and then raise new funds.

   This is also my true opinion. I have thought about it, and we can’t just focus on the semiconductor industry. There are still many industries where we lag behind others. We must develop and catch up in an all-round way.

   But we don’t have so much energy to do so many industries, we still focus on investment.

   Each sub-industry invests in two companies. I believe that there will always be some companies that will come out, and then add more money to them layer by layer until they can achieve self-hematopoiesis. "

   (end of this chapter)