The Pentium Era - South to North

Xiaofang followed Zhang Chen to see their logistics base in Hangzhou, which was under construction, and then to the "'Sky City' E-commerce Industrial Park". The construction of the basement was ongoing on the construction site. Xiaofang looked at this Looking at the huge pit with no end in sight, he sighed, Brother Tan was right, it was indeed a huge project.

Looking at the renderings again and listening to Zhang Chen slowly explaining the functional distribution and facilities on each floor of the park, Xiaofang said:

"Brother-in-law, can you leave this unit of the business incubator to me?"

Zhang Chen said yes, what are you going to do?

"Set up a team to accept applications from all entrepreneurial teams. For any projects we think we can support, we will invest in early financial support, then help them with financing, and finally help them get listed on Nasdaq in the United States." Xiaofang said.

Zhang Chen nodded and asked, "Is this what you want to do when you return to China?"

"It's just one of them." Xiaofang said, "We also make long-term investments. Many companies do not only aim to go public, but focus on exploring the value of the company itself."

The two people got in the car and walked towards the city. Zhang Chen asked Xiaofang while driving:

"I hear what you mean, you are still looking for many companies in the country and then invest in them, right?"

Xiaofang said yes. Anyway, within five years, I will only have the pressure of investment, not the pressure of profit.

"Then what kind of enterprise are you looking for? Do you have a direction?" Zhang Chen asked.

"I have considered several directions. One is new energy. In fact, this is not correct. Solar energy and wind energy are not new. In the Age of Discovery and Zheng He's voyages to the West, they relied on wind energy. As for solar energy, the uncles in the countryside Auntie, everyone has been using solar energy for a long time. They use the sun to dry pickles and bacon, etc. It should be said that what is new is the way of using energy.

“Whether oil, coal, or natural gas will be exhausted, electricity will not be exhausted. It is inexhaustible and inexhaustible. When there is no gas and coal-fired power generation as base load power, Nuclear power plants can be replaced, as can tidal power plants, wind power plants, solar power plants, etc.

"The light conversion rate of solar energy is currently only 20%, which is the highest in the world. As long as the light conversion rate is increased by 10% through technical means, solar energy can replace many other shortcomings."

"Are you going to do solar energy?" Zhang Chen asked.

"No." Xiaofang smiled, "I may have said too much. What I mean is that this characteristic of electricity is destined to make it our most basic and possibly the only energy demand in the future, whether it is home heating. and cooking, as well as cars, will all turn to electricity. In the future, cars will basically be electric cars. Now Lexus has launched a gasoline-electric hybrid version.

"What I want to invest in is car batteries and power storage stations. The most troublesome thing about electricity is the uneven use and improper storage. It is the same in every city. A lot of electricity is used during the day. Many times, the electricity is still very tight, but when the time comes At night, a large amount of electricity generated by the power plant is wasted.

"The reason is very simple. The generator set of the power plant cannot be turned on during the day and turned off at night. We are now using the stupidest method to store electricity, which is to build an energy storage power station and find a mountain bay by the river. A dam can’t run out of electricity at night. When electricity is cheap, water from the river is pumped in and the water is used to generate electricity during the day.”

Zhang Chen looked at Xiaofang, still full of doubts. Xiaofang smiled and said: "Don't get me wrong, brother-in-law, I don't want to build an energy storage power station, but I'm afraid I won't understand it if I don't say it that way."

"I understand." Zhang Chen smiled, "If you don't make it clear, I will still be an idiot, especially in this regard."

Xiaofang giggled and said: "Okay, okay, what I want to invest in are two, one is a car battery, and the other is an energy storage station."

"Energy storage station? What is this?" Zhang Chen asked.

"You can think of it as a larger battery, but it is a small house." Xiaofang said, "For example, if you have such an energy storage station in your factory, you don't have to worry about power outages, and you can also reduce the energy consumption. Cost, this energy storage station, in the event of a power outage, you can use the power in the energy storage station instead of activating a backup generator.

"Also, if you want to save on electricity bills, you can fully charge the energy storage station at night when electricity is cheaper. During the day, you can use the electricity from your own energy storage station instead of city power supply."

"This is good." Zhang Chen shouted, "If there is such an energy storage station, I will definitely build one."

"Yes, this is feasible, and the market prospects are great. In the future, every factory, community, hospital, large shopping mall, hotel, etc. will have this demand. From a large perspective, it also solves the problem of electricity usage. The problem of balance is that so much electricity generated by power plants will not be wasted."

"Can this be realized immediately?" Zhang Chen asked.

"Theoretically it is feasible, and there are many teams working on this. I know a guy from MIT and a guy from Sweden. They are all experts in this field and are considered to be the most likely to make breakthroughs. , they are all Chinese, and by the way, that guy from Sweden is from Yongcheng,” Xiaofang said.

"Really?" Zhang Chen said in surprise.

"Yes, that's right. They are planning to return to China to start a business and engage in research and industrial development in this area. I am ready to invest in their project." Xiaofang said.

"Not bad." Zhang Chen said, "It sounds very promising."

"It has prospects, but there are many difficulties. I made bad plans, and the probability of success is about 10%." Xiaofang said.

Zhang Chen was startled and shouted: "Isn't the risk very high?"

Xiaofang smiled and said: "Yes, so we are venture capital. In our industry, we need to broadcast seeds and invest in many projects or teams of this type at the same time. But out of ten, as long as two or three are successful, The return on our investment is huge. We cannot see the pie. What we can see is just the pie drawn for us one by one.

"But as long as your pie is drawn well and there is no problem, I will invest. The same is true for project incubators. You cannot pursue a high success rate. If that is the case, then you will not invest in any project. All realistic things are It started from whims and drawing cakes.”

"It sounds a bit like gambling." Zhang Chen said.

"It's a bit like it, but not all of it." Xiaofang said, "From my company's point of view, what I want to do is portfolio investment. That is to say, venture capital is only a part of all my investments. We will also invest in some projects that are not paintings. Pie projects, such as agriculture and breeding, are projects that humans have continued for thousands of years and are unlikely to be abandoned.”

"Farmers are unwilling to farm or raise pigs because they have no money to make. If you still come to invest in this, will you make money?" Zhang Chen asked.

"Yes, I will invest in companies like Yurun and Shuanghui, which are engaged in deep processing of agricultural products." Xiaofang said, "I will help them expand their scale and go global. Such enterprises, as long as they are large enough, can There will still be huge profits.”

Zhang Chen nodded.

Xiaofang said: "Of course, I will also invest in industries that I know better, such as photoresist."

"What is this?" Zhang Chen asked.

"Have you ever seen a circuit board?" Xiaofang asked.

"I've seen it before. When I was a kid, I liked to take apart the radio at home and watch it." Zhang Chen said.

"Is there a layer of coating on the circuit board?" Xiaofang continued to ask.

"Yes, there is a layer of paint or something like glue, and there is none on one side."

"It's the same on silicon wafers. The surface of the silicon wafer will also be coated with a layer of light-sensitive mixed liquid composed of photoinitiator, photoresist resin, monomer, solvent and other additives. This is After the photoresist dries, it will form a film on the surface of the silicon wafer. You will know this when you look at the chip."

Xiaofang said, Zhang Chen nodded.

"The world's photoresist is now almost monopolized by Japan. It can also be said to be the only product that survived after the U.S.'s war of annihilation of Japanese semiconductors. It didn't seem very impressive at the time, but when a country is obsessed with a thing When there is a monopoly, disputes will begin.

"I think in the future, whether Japan is fighting a trade war with South Korea, a trade war with us, or a technological blockade, photoresist will be the weapon they will inevitably use. As far as our country is concerned, the demand for photoresist will It will also get bigger and bigger," Xiaofang said.

"By the way, Xiaofang, what did you mean by the semiconductor annihilation war and photoresist being the only surviving product? Aren't all chips from the United States? We all have an 'Intel' sticker on our laptops. Trademark?" Zhang Chen asked.

"That was now, but it was not like this before. In the 1980s, Japanese companies led by Toshiba Semiconductor surpassed the United States in all aspects. Companies such as Intel and AMD were forced to the brink of bankruptcy by the Japanese. Americans were Frightened and thinking that this would involve their national security, they began a two-pronged approach to suppress Japanese semiconductor companies.

"On the one hand, the United States forced Japan to sign the Japan-U.S. Semiconductor Agreement, and then continued to conduct '301 investigations' on Japanese companies. It did not allow Japan to develop high-tech industries, and forced Japan to transform and develop the raw materials and spare parts industries. It will always be a ' wage earner'.

"On the other hand, the United States vigorously supported South Korea's Samsung Semiconductor and forced Toshiba Semiconductor to transfer technology to Samsung Semiconductor. Many of Toshiba Semiconductor's talents were also poached by the Koreans. At that time, the United States imposed a 100% tax on Japanese-related companies. The anti-dumping tax is only 0.74% on Korean companies.

"So, Toshiba Semiconductor and other companies were completely defeated, but photoresist companies such as JSR, Tokyo Onka, Shin-Etsu Chemical and Fuji Electronic Materials were retained. I think this is also the wishful thinking of the Americans. We cannot allow one country to master all key technologies. Photoresist is the killer that restricts Samsung semiconductors.

"If necessary, the Americans will encourage Japan to use photoresist to suppress Samsung. In this way, do you know the value of photoresist? When the Americans want to suppress our country's chip companies, photoresist will also It will still be one of his methods, and I judge that the market demand for photoresist will also become larger and larger."

After Xiaofang finished speaking, Zhang Chen sighed with emotion: "You really don't know if you don't tell me, but once you tell me, there are still twists and turns and stories."

"There are still bitterness and tears." Xiaofang said, "The relationship between the country and the country, the company and the company, and the relationship between people are the same. The boss is always worried that the people below will replace him, and the people below will replace him. , even though he is being oppressed by the boss, he is still engaging in intrigues."

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