My Age of Investment

Chapter 764

It was already afternoon after the meeting, Xia Jingxing went to Northern Light Venture Capital.

Deng Feng welcomed Xia Jingxing to his office with a smile, and asked the secretary to make two cups of tea.

"Did you just come back from America today?"

Looking at the kindly smiling Deng Feng, Xia Jingxing nodded, "That's right, I came to visit you as soon as I came back."

"I don't believe you have such leisurely intentions. Tell me, what's the matter?"

Xia Jingxing picked up his teacup and took a sip, "It's fine, I just plan to make a name for myself in the semiconductor industry, and I want to ask industry leaders to give me some advice."

"I'm no big deal."

Deng Feng shook his head, and then said: "You plan to invest heavily in semiconductors, how do you think about it?"

Xia Jingxing briefly talked about the dependence of his own industrial industry on semiconductors, and at the same time expressed his distress at the fact that semiconductors are controlled by others. Finally, he looked forward to various investment opportunities in the semiconductor industry.

"Yeah, the mobile phones, cars, and home appliances you invest in all need chips..."

"Semiconductors have always been a national tragedy. When Wu Ping returned to China, the second-in-command of the Ministry of Information Industry confided to him: China, which has the most mobile phone users in the world, imports all mobile phone core chips from the United States and Europe.

That's why he led a group of Tsinghua alumni from Silicon Valley to found Spreadtrum in Shanghai.

The domestic foundation is too poor, there is a very lack of engineers with experience in semiconductor design, and there are almost no high-end talents. There is no 3G standard, but only 2G chips can be manufactured. "

Deng Feng was the first venture capitalist to invest in semiconductors at this time, he understood the various difficulties in the industry, and started complaining to Xia Jingxing crazily.

"Finally recruiting some talents who returned from overseas, Spreadtrum finally opened with great vigor.

But do you know how difficult it was for them to survive in the early days?

The opponents are all industry giants such as Texas Instruments, Motorola, Siemens, and Philips. It is difficult for them to receive orders from major international brands such as Nokia, Ericsson, and Motorola.

Fortunately, there are many manufacturers in China who have no technology and experience but want to produce mobile phones. Spreadtrum can provide them with a complete set of "overall solutions" from chips to software, to printed circuit board and casing design, and certification testing, allowing them Become an OEM manufacturer of "cottage" mobile phones.

Spreadtrum, a chip design company, was forced to become an independent design company for IDH mobile phones. Do you think this is plausible? "

Xia Jingxing was delighted when he heard it, "It's about making money, it's not shabby, only after surviving can we talk about poetry and distant places."

Deng Feng was choked to death, there was no way to chat today!

"Oh! You are right,

It’s not a war, the status quo of domestic semiconductors is like this, and we can only do some side business to support the research and development of the main business. "

Hearing this, Xia Jingxing sighed silently in his heart, the general environment is like this, one person, two companies, one company and two companies can't reverse the decline of domestic semiconductors.

If you want to change, you must first start with the basic ecology. If you don’t even have the most basic talents, it’s still a mess.

"Let's talk about Zhu Yiming. He was engaged in the development of memory chips at Silicon Valley Monolithic System Technology (MST). He said that he would go back to China to create the first mobile high-speed memory chip. He still lacks start-up funds. Our seniors will give him Collected $920,000.

Fortunately, you invested in him, otherwise he would probably have to start a side job right now. "

Deng Feng sighed, and his tone was a bit sad, "They are all young people with dreams, willing to give up high-paying and stable jobs in the United States, and return to China for the uncertain future of semiconductors. Not everyone has such courage and determination, and they deserve to be treated politely and kindly. .”

Xia Jingxing nodded. Although this kind of entrepreneurship is definitely selfish, it is also worthy of praise for filling a gap in the domestic industry.

In his previous life, Zhu Yiming's GigaDevice did create the first mobile high-speed memory chip in China, becoming the first company in China to mass-produce mainstream memory, breaking the monopoly of the United States and Japan in this field.

"The big semiconductor fund I plan to set up is to improve the current problem of difficult and expensive financing for domestic semiconductor entrepreneurs.

When these obstacles are cleared, do you think Tsinghua students in Silicon Valley are willing to return to China and make a fortune? "

Xia Jingxing looked at Deng Feng with piercing eyes. Tsinghua University cannot be avoided in the development of semiconductors in China. He wanted Deng Feng, a well-known Tsinghua alumnus, to join his plan and help contact and communicate with all parties.

Deng Feng shook his head slightly, "Not everyone is willing to give up the good life abroad. After so many years abroad, some people have long given up the ideal of "serving the country"."

Xia Jingxing was silent. What Deng Feng said was true. At this time, the United States is still far ahead of China. The cloak of a beautiful country has not been stripped off. Many people are unwilling to return to China. Salary and employment environment are only one factor.

"There are many international students around me, and some of them have already settled in the United States."

Xia Jingxing raised his eyebrows, "If they return to China, I will help them solve housing, permanent residence, children's schooling, and even their spouse's job. I guarantee it will not be worse than in the United States."

"you sure?"

Deng Feng looked at Xia Jingxing suspiciously.

"I'm sure, of course, the premise is that you must have extraordinary skills, and you have to bring a few students to the company when you return to China."

Deng Feng shook his head and laughed, "Then your cost is too high. The middle-level engineers in the microelectronics industry have an annual salary of more than 100,000 US dollars in Silicon Valley. Can you give an annual salary of more than 800,000 RMB?

You must be aware of the domestic salary level. If you pay such a high salary and the products produced in the early stage are very low-end and cannot be sold at a price, how can the company maintain it?

Therefore, this seems to be an almost unsolvable problem. "

"Because of such concerns, many people dare not invest in semiconductors, and a large number of talents are also lost overseas."

Xia Jingxing said with a smile: "I don't believe in this evil, great efforts will surely produce miracles."

"You want to subsidize this wage gap until the company's products catch up with foreign countries?"

Seeing Xia Jingxing nodding his head, even though he was as elegant as Deng Feng, he couldn't help but say, "Damn it! You are throwing money into the sea! Have you considered the risk of failure? It's too irrational."

Xia Jingxing shook his head, "No one came forward anymore, everyone is waiting and watching. When they want to catch up with foreign countries, they will have to pay back much more debts than today."

"Okay! You are awesome, I am really convinced."

After complaining, Deng Feng still couldn't help persuading him again, "Do you really want to be so ruthless?"

Xia Jingxing sighed, "It's okay to be ruthless. Without this spirit of not being crazy and not surviving, it is impossible to fight your way out in the high-threshold semiconductor field."

"Well, you have to plan well and don't get yourself trapped."

Deng Feng said earnestly, he is someone who really understands this industry, and knows what kind of mountain Xia Jingxing is facing. Just seeing it, many people can't help but give up the idea of ​​climbing.

He deeply admired Xia Jingxing's courage and determination.

Xia Jingxing asked: "I have solved the worries of talents from all aspects. Do you think they are willing to return to China?"

Deng Feng continued to shake his head.

Xia Jingxing scratched his head, "The United States is really so fragrant. I, a person who goes in and out of the upper class of the United States every day, has nothing that I can't let go of. Is it so attractive to them?"

Deng Feng sighed, "You've misunderstood. The United States has more respect for technical posts and engineers, while in China it treats management preferentially."

"Well, I have founded an American company, and it can definitely be avoided here."

Deng Feng asked: "What about the companies you invested in? You can control all aspects of their affairs?"

"To get my money, I have to make the changes I demand."

Deng Feng shook his head and sighed softly, "You are still too young, the country is a big dye tank, and the whole society must maintain a culture of respect for technology.

Scholars, farmers, commerce, and thousands of years of cultural precipitation are not so easy to completely eradicate. "

Xia Jingxing was again silenced by the debate, because Deng Feng was right again, craftsmen have not been so respected since ancient times, and it can only be said that they are slowly getting better.

In the eyes of most people at this time, supervisors and managers seem to be more popular than engineers and programmers, after all, they are officials.

"No matter what, I have to do this matter. You should also be able to see what a coveted industry semiconductor is, and the domestic demand market alone can raise a big dragon."

Deng Feng nodded, "I know this, but beneath the beautiful appearance is an abyss, and it will be dangerous if you step into the air."

"Investment is like this, opportunities and risks coexist."

Deng Feng stared at Xia Jingxing and said with a smile, "Okay, then I would like to ask Mr. Xia, what can I do for you."

"It's over!"

Xia Jingxing waved his hand, and then said: "I want to cooperate with you, you mobilize the energy of the Tsinghua alumni circle in semiconductors, I will contribute most of the funds, and together we will build a whole semiconductor industry chain in China.

It doesn't matter if you fall behind temporarily, first solve the problem of nothing, so as to retain talents.

And with people, there is always a way to break through patents and technology blockades. "

Deng Feng raised his hand, "I declare first, I don't have as much money as you, and I have to raise children, so I can't play too much with you. It's absolutely no problem to be a small soldier waving the flag and shouting."

Xia Jingxing smiled and said, "Don't be silly, just tell me if you want to do it or not?"

Deng Feng smiled and nodded, and even said a few words "dry".