My Age of Investment

"Why should I be surprised? Mr. Dai's analysis is very good and objective!"

Seeing that Xia Jingxing finally smiled, Dai Weili also smiled, and his whole mind suddenly relaxed.

Zhou Xiuwen, who was sitting next to him and was sweating for his wife, finally felt the big stone in his heart. He was afraid that Xia Jingxing was young and energetic and would not listen to these words, so he lifted the tea table.

"Mr. Dai, you just took the pulse of Fuxing Mobile. Do you want to also listen to my humble opinion on Wonderful Electronics?"

Hearing this, Dai Weili raised his head and looked at Xia Jingxing, who had a faint smile on his face and looked extremely confident.

She realized in her heart that she must have suppressed the opponent's momentum just now, and the opponent was about to regain the game.

This is not a battle of wills, but a fight for negotiating advantage.

She had just pointed out so many flaws in the Fuxing mobile phone. If there was to be cooperation in the future, Xia Jingxing would naturally not go too far.

In the same way, Xia Jingxing points out the shortcomings of Perfect Electronics, and everyone is back to the same starting point.

Dai Weili is still very open-minded and can listen to suggestions.

She smiled and replied: "Mr. superior.

Being able to listen to your advice is the dream of countless entrepreneurs, and it is also my luck. "

Xia Jingxing smiled and said, "Mr. Dai is really overrated. The chip industry is very professional. I can only say a few words from a layman's perspective."

After exchanging pleasantries with each other, Xia Jingxing finally started to review Marvelous Electronics.

"When Marvel Electronics was founded in the mid-1990s, it successfully created a hybrid analog and digital storage technology. With this innovative technology, it successfully entered Seagate's supply chain and made its first pot of gold. This has laid a solid foundation for future listings.”

"In the new century, after the company went public, you caught up with the Internet wave and defeated Broadcom to become Cisco's network storage chip supplier."

"Then you expanded your product line, entered the WiFi wireless field, and became the chip supplier for Sony PSP."

"The year before last, you spent US$600 million to acquire Intel's mobile communication chip business, and based on this, you established your own mobile phone chip business department. The first mobile phone chip you launched entered the BlackBerry 3G mobile phone supply chain."

…

Looking at Xia Jingxing, who was very familiar with the development history of his company, Dai Weili suddenly became a little uneasy. The other party had obviously done his homework and investigated carefully.

What is this for? Is it cooperation or something else?

After making a statement, Xia Jingxing made a concluding speech: "Looking at the development history of Marvelous Technology, we are either expanding or on the road to expansion.

I'm not saying this is bad. If you want to become a chip design giant, your product line cannot be too single.

Nowadays, consumer electronics is developing very well, and chip design manufacturers of all sizes are squeezing in. The fight may be more intense than Mr. Dai expected.

It is a good move for you to embrace the moving thigh.

But don’t forget, China Mobile is a Chinese company and a state-owned enterprise. "

Dai Weili remained silent. She just saw that China's 3G market was about to explode, so she entered the Chinese market with great fanfare, hoping to break out of this track dominated by Qualcomm.

They have currently signed a strategic cooperation agreement with China Mobile, and are preparing to use China Mobile, a giant operator, to complete its encroachment on China's market share.

However, she felt that what Xia Jingxing said had some truth to it. After all, they were an American company. If a chip design manufacturer emerged in China that could replace them, their status as an American company would be a major disadvantage.

Having said this, Xia Jingxing paused for a moment, and he also quickly thought about the development trend of Wonderful Electronics in his mind.

In the previous life, the other party relied on the thick thighs of mobile phones to dominate the Chinese 3G market, calling the wind and rain. At one time, it occupied 90% of the industry's market share, defeating Qualcomm and MediaTek.

This leading advantage continued into the early days of 4G, and then it overturned. It was defeated by Qualcomm, MediaTek, Spreadtrum, and HiSilicon. Finally, it simply sold its mobile phone chip business and completely announced its withdrawal from the market.

There are many reasons behind this, the most important of which is that capital strength and technical reserves are not strong enough.

Mobile phone chips are equivalent to a must-have for all chip princes. Without two brushes, it is impossible to sustain the technological iteration and upgrade that can be called a flesh-and-blood grinding mill.

The reaction is a little slower, the investment is a little hesitant, and the next moment you are out.

Having said that, even if Marvell Electronics got up early early, rushed late to set up the mobile phone chip, and ultimately lost the entire battle, after refocusing on its two major advantages of network and storage, Marvell Electronics still had six to seven hundred dollars left in its previous life. With a market value of US$100 million, it is the leader in this chip design segment.

It can be said that this company has a very good foundation, with good foundation in network and storage chips, and a good start in mobile phone chips.

If it has strong capital support, continues to increase investment in mobile phone chip research and development, and integrates and annexes various competitors, it may not be able to become a chip design giant with multiple product lines.

Xia Jingxing continued: "The consumer electronics, especially the mobile phone chip market, is like an attractive fruit. People from all walks of life are rushing into this field one after another. Even if Wonderful Electronics has a temporary advantage, it is not secure.

If you want to maintain an advantage in this field for a long time, long-term investment is indispensable, which is likely to drag down financial reports, stock prices, and even affect other businesses of Marvell Electronics.

If the board of directors is dissatisfied with this, it may even shake the positions of Mr. Dai and Mr. Zhou. "

Hearing this, Dai Weili's face became a little ugly, and the good old man Zhou Xiuwen also felt a little embarrassed.

Xia Jingxing's words were a disguised way of saying that Perfect Electronics was not strong enough and that opening up several fronts at the same time would easily lead to collapse. He also pointed out that the two founders did not have enough control over the company.

Xia Jingxing is not talking nonsense. In the previous life, the couple became the scapegoats for the collapse of Marvell Electronics' 4G mobile phone chips. The couple both resigned and returned home. It seems that they went to start a DPU computing power chip company, which was also chasing the limelight.

"Mr. Xia, you are exaggerating!"

Dai Weili's smile returned to his face, "Marvel Electronics' current market value has reached more than 14 billion US dollars, close to 15 billion US dollars. It is one of the top ten fabless semiconductor design companies in the world. Based on the revenue and business growth rate in the first half of the year, we will Annual revenue can reach about US$3 billion.

In addition, our annual R\u0026D investment is US$1 billion. We plan to invest more than 1,000 engineers in the OMS plan alone with China Mobile.

How come you, Mr. Xia, can't watch it at all?

I know Mr. Xia, you have great ambitions, but after all, chips are an industry that relies on slow work and meticulous work. We will continue to increase investment in the research and development of mobile phone chips, and the technology will slowly be upgraded. We will not rest on our laurels optimistically. "

Xia Jingxing waved his hands repeatedly, "Mr. Dai, you misunderstood. I have absolutely no intention of looking down on Wonderful Electronics. Your market value is higher than the overall valuation of Fuxing Industrial Group together.

What I want to say is that Qualcomm has a really deep foundation, MediaTek is also very enterprising, and other mobile phone chip design manufacturers also have their own magic weapons. If Wonderful Electronics wants to win this battle, it needs to go all out.

This is an industry where the first place eats meat, the second place drinks soup, and the third and fourth place run with each other. There is no room for carelessness. "

Dai Weili nodded slightly, "I understand, does Mr. Xia have any other suggestions?"

"I think Wonderful Electronics can bring in a powerful shareholder who is willing to invest in the long term. Only in this way can you really loosen your grip to grab share and market opportunities in the mobile phone chip market."

Dai Weili suddenly laughed, "Mr. Xia, the powerful shareholder you are talking about is yourself, right?"

"Of course, I plan to invest US$25 billion in the semiconductor industry in the next two to three years to broaden the lifeline of the revitalized industry."

As soon as these words came out, not only did Dai Weili change his color, but even Zhou Xiuwen, who was resting at the side, couldn't sit still.

"Mr. Xia, are you so determined?"

Dai Weili asked with a hint of probing, not that she underestimated Xia Jingxing's strength, but that 25 billion US dollars was really not a small amount, and few people in the world could afford such a large amount of money.

Xia Jingxing smiled lightly, "We have begun to build a new chip industry investment platform in Singapore, an international platform targeting the global chip industry.

Domestically, the first round of fundraising for the Renaissance Industrial Fund has also ended, and the fund has begun operations.

There are two funds, one with RMB 100 billion and the other with US$10 billion.

If you two have any doubts about this, we can wait and see! "