Reborn Entrepreneurial Giant

BYD's semiconductor business started in 2005, but it didn't make any progress until 2008. The main reason is the lack of key talents, unlike the founder of Jiaxing Star who once worked in Infineon and is familiar with this industry.

Brother Chuanfu is similar to Qu Li at this time, they both feel that this thing is important and must be invested. The difference is that Qu Li is not an engineer and does not have the self-confidence of Brother Boatman.

"The financial crisis will spread to the world, and BYD has the opportunity to recruit high-end semiconductor talents around the world..." Qu Li gave an opinion to the boatman

"We've been developing people..."

Well, Qu Li knew it was useless. This time, he cooperated with BYD on semiconductors, but this part of the assets is difficult to value, and it can even be said to be worthless, because he can't make a penny, so he simply invested in BYD.

Although the price of Qu Li's shareholding in BYD will be lower in a few months, but his purpose is not to make money but to help BYD grow, so he didn't pick the time.

The plan designed by BYD is a private placement of 50 million shares. Qu Li has the right to increase his holdings by 50 million shares in the market, up to a maximum of 100 million shares. Based on BYD's current total share capital of 2.025 billion, it is equivalent to Qu Li's shareholding in BYD The proportion cannot exceed 5%.

Funded by the Vision Fund, Hongkong Investment participated in BYD’s private placement. The price was set at HK$10 in subsequent negotiations, and 50 million shares would have to pay HK$500 million to be locked for 18 months and could not be traded. Converted to soft sister coins in June 2008 About 440 million yuan.

A few months later, the price of Buffett’s shareholding in BYD was 8 Hong Kong dollars. Of course, Qu Li could not compare with Buffett at this time. He could drive many investment institutions to enter the market, and directly raised BYD’s stock price from 9 Hong Kong dollars at that time to 14 Hong Kong dollars. Later it rose to HK$70.

In any case, it is very worthwhile to invest in BYD at this time. Participating in BYD's fixed increase made the previously unknown Xiangjiang Investment appear in the domestic investment arena in a very abrupt way.

Sun Jianhe returned to China, and started to contact Spreadtrum CEO Wu Ping through Dr. Chen, and then Deng Feng from Northern Light Venture Capital made an appointment with Qu Li.

Deng Feng is known as one of the five most successful Chinese entrepreneurs in Silicon Valley. Netscreen, which he and his friends founded, was acquired by Cisco for US$4 billion. In 2005, when he returned to China and founded Northern Lights, he invested in Spreadtrum. It seems that he has not yet withdrawn.

Although Qu Li grew up with venture capital capital, he has not dealt with too many venture capitalists. He never sees venture capitalists who can’t give him other resources except money. outer.

"Do you really want to buy Spreadtrum?" Deng Feng got straight to the point after seeing Qu Li rarely.

"yes!"

Hearing this answer, Deng Feng was quite shocked. A junior high school student who doesn't understand the Internet and mobile phones has achieved success in these two industries. This time I have to get involved in the design of semiconductor chips again, which is really too ignorant.

"Honor can cooperate with Spreadtrum if it wants a baseband chip, there is no need..."

"Spreadtrum will be overwhelmed by your group of capital anyway, leaving me a hole to concentrate on making good products, and maybe even create miracles."

"..." One sentence choked Deng Feng speechless. After Spreadtrum went public, there were serious internal conflicts. Otherwise, Dr. Chen would not have resigned so early. Not to mention that after all companies go public, there will be a large-scale resignation of the founder team. Just like after Jumei went public, not only did there not appear to be a wave of resignations, but the cohesion of the staff was stronger.

"The purpose of your acquisition of Spreadtrum is only for baseband chips?"

"No, it is the SOC chip of the smartphone, which can realize the baseband of all Netcom."

"You may not know that only Qualcomm and VIA can provide..."

"Are you questioning our information investigation capabilities? I also know that VIA's CDMA baseband is a junk product, and Goldman Sachs is the only choice in the market."

"That……"

"We have our own plan. First let Spreadtrum develop mobile phone SOC chips based on the ARM architecture, integrate TD and WCDMA basebands, and minimize power consumption..."

"Then let's not talk about this. I heard that you asked Chen Tong to help you set up a chip company. Ha has done a lot of research on the domestic semiconductor chip industry. Are you so interested in the semiconductor industry?"

"It's not that I'm interested, it's that the direction I'm going forward is inseparable from semiconductor chip design. Although the most advanced technology can be purchased directly from overseas, some things cannot be bought. I think it is necessary to do preliminary planning."

"what are you up to?"

"..."

"I might be able to help."

"My ultimate goal is to make a self-driving car, but unlike Google, I want to build such a product first: integrated driving records, map navigation, danger warning, cruise control, automatic parking and other functions..."

"Let's do it together!" Deng Feng didn't wait for Qu Li to finish speaking.

"ah……"

"If you don't think about it, I don't know how long it will take for such a product to be realized, let alone how the market is and whether it can be profitable."

"But such a product sounds very attractive. I understand technology, you understand the market, we are not short of money, and the probability of success is very high!"

"Can you help me find a suitable development team? This company must be a low-wage, high-equity model, and it's hard to find high-level experts!"

"This is finding someone to start a business. I have many friends in Silicon Valley, including those who are talented in chip design. Under the financial crisis, many people intend to return to China to develop..." Deng Feng

"You don't think about it anymore, this is a long-term project, and it may be difficult to exit for 10 years."

"How about that, I invest with my own money."

"The capital cannot be withdrawn within 5 years!" Qu Li thinks that 5 years is enough time to go public.

"No problem!" Deng Feng didn't even know why he was so decisive.

"Then wish us a happy cooperation!" Qu Li agreed with Deng Feng after a little hesitation. He couldn't do everything alone.

"Happy cooperation!" Deng Feng reached out and shook Qu Li's hand. Sometimes the domestic circle is very large, and sometimes it is small.

Although the two parties cooperate and do not participate in the operation of the enterprise, the shares cannot be divided equally.

"There must be someone who can make the decision. Even if you go sideways, it's better than not being able to go the other way."

"I think so too!" Chen Tonghui will become a partner of this advanced driver assistance company, and he will be responsible for the formation of the team. Sister coins.

Although the advanced driver assistance system is complicated, it is still divided into driving recorder, map navigation, and finally the driver assistance module, which definitely needs a dedicated chip. The development direction is the same as that of the current industry leader Mobileye. However, the early development of the two companies is different. Qu Li and their products can be directly purchased by consumers, while Mobileye must cooperate deeply with car companies.

"What's the name of our company?"

"How is Simon?"

"Compass, Sinan, compass, navigation, guidance, Sinan is very good."

"Then call it Simon!"