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Chapter 752 U.S. stocks with hundreds of billions of dollars in R&D investment


"Ah Bai, it seems that Mr.

Wang and I have to take contingency measures.We have discussed before that Wanwei Technology focuses on the mid-to-high-end mobile phone market, and their purchased chips may be more.Sihai Electronics focuses on high cost performance, and there will be a lot less purchased chips. ”After eating this meal, Xiao Bai and An Ran left in the same car, while Qi Yuefeng left in his own car.In the car, Enron said what he thought."

Ah Ran, the matter of your two companies, you discuss it with Mr.

Wang, you can make a final decision, I believe you can handle it.The 14N lithography machine on Jianjun's side will arrive soon, and the price of 14N chips will drop by then, so you should pay attention to stocking up on more goods. ”Xiao Bai didn't say much, Enron had a lot of autonomy, these things had been concluded before, and he could take whatever response he wanted."

Well, most of my orders in the past few years will still be kept to my own people, but it is also necessary to establish a partnership with GT in advance."

After An Ran finished speaking, he quickly got out of the car.Xiao Bai then returned home."

Brother Xiao, Xiaozhou and Xinyan sat at home for a while at night, and they left without waiting for you.I asked Xiaozhou if anything was wrong.And he said no, just come and sit down. ”After entering the door, Liu Xiaoling made him a pot of hot tea, and then told him that Jiang Xiaozhou and Su Xinyan had come tonight."

It shouldn't matter much, right?

If he wants to have something, he will naturally come to the office to find me, and he probably just wants to come and see us. ”Xiao Bai smiled, guessing that even if Jiang Xiaozhou had something, it was probably a private matter.If the other party can't solve it, he will definitely come back to him.So he didn't take it to heart.Following.Xiao Bai finished handling urgent official business in the morning, and asked Tong Wanqing to call Juvinson and Mu Ziyuan to the office."

Lao Mu, how much idle funds do we have in our accounts now?""

Dong Xiao, it just so happened that I brought the latest financial report, you can take a look first."

It was Mu Ziyuan's habit to come to see Xiao Bai with financial statements, and when he heard Xiao Bai's question, he immediately handed the information to the other party and began to make an oral report.Xiao Bai listened to Mu Ziyuan's narration while reading the financial report.In recent years, Times Technology Group has maintained hundreds of billions of yuan in cash all year round.The previous base was 114.7 billion yuan, and after the balance of income and expenditure, the current actual funds are 132.6 billion yuan."

Well, it looks like we still have plenty of money.Mr.

You, I am ready to increase investment in the Times Science and Technology Research Institute, what do you think?

”Xiao Bai smiled and nodded, then turned his head to look at Juwenson."

It is appropriate to increase the investment in R&D, and I agree.Xiao Dong, how much are you going to invest next?

If you want me to say, just be generous and invest 30 billion yuan at one time. ”Juvinson is well aware of the key to the development of the times, and only by mastering the core technology can it be invincible in the future competition.He thought about it for a moment and suggested that Xiao Bai put in more.As a result, Xiao Bai shook his head."

Mr.

You, our pattern should be bigger.What I mean is that we simply invest 100 billion yuan in the institute and strive to overcome some important technical problems. ”Hearing the numbers coming out of Xiao Bai's mouth, Juvinson and Mu Ziyuan not only looked at each other.If such a large amount of money is invested in specific projects, it can be justified.But is it too risky to invest in the research institute?"

Dong Xiao, this amount of funds is too large, is it really necessary?"

Juvinson and Mu Ziyuan exchanged a look, and then persuaded tactfully."

It depends on what you're using it for!

I talked to Dean Zhou before, in the future, we will explore graphene technology, carbon-based semiconductor technology and other fields, and we can't do anything with less funds. ”Xiao Bai smiled and said his plan.In the past two years, the companies under the Times Department have been hit by the United States, and the core technology is controlled by others and the taste of being stuck in the neck is very uncomfortable.Therefore, forward-looking investment in future-oriented technology is the key to maintaining the core competitiveness of the times.Where does the technology come from?

Talent and capital are indispensable.The Department of Times has always attached great importance to the construction of talent teams, and the treatment of each company is second to none in China.Then all that's left is to have enough money to invest."

Okay, Xiao Dong, what specific arrangements do you have?"

Obviously, Xiao Bai was already determined to do this.The so-called negotiation was more like a notice, and Juvinson and Mu Ziyuan gave up persuasion.The overall financial situation of the Times Department is very good, the cash flow is abundant, the debt ratio is maintained at a very low level, and there is the capital to bet on tomorrow."

We're having a meeting now, and I've already asked Dean Zhou to inform him, and he should come over soon."

Xiao Bai was talking, and Zhou Siyi knocked on the door and entered.So, Xiao Bai held a meeting to discuss the specific details.Due to Mu Ziyuan's insistence, the 100 billion yuan fund will be allocated in several stages.Of course, the funds are earmarked, and the institute is subject to financial supervision.After the meeting, Zhou Siyi was full of smiles and was in a very good mood.He has discussed these research directions with Xiao Bai many times, and he is waiting for the funds to be in place to carry out the research and development of the project.These projects will not pay off quickly, and the time horizon may be long, but it is definitely worth the long-term investment.Take the carbon-based semiconductor project as an example, the current widely used technology is silicon-based semiconductor technology, which is also a key area controlled by the times.However, silicon-based semiconductor technology is subject to Moore's Law, and the industry generally believes that when the process technology advances below 5N, the technical difficulty will increase exponentially, and it will basically come to an end.So where is the way out for the development of semiconductor technology?

So, carbon-based semiconductors offer hope.But no one knows whether this road will be successful, and long-term research is needed to produce results.There are huge risks involved, but also huge opportunities.If you go to gamble, you may not succeed, waste a lot of manpower and material resources, and lose a lot.But you don't dare to bet, what you lose may be hope for the future.It doesn't matter if the choice is right or wrong, it's actually a test of humanity and decisiveness.After the meeting, Zhou Siyi immediately followed Juwenson and Mu Ziyuan to go through the procedures for transferring money.In the first phase, he will get 35 billion yuan, which is enough for him to use for a long time.Weekend.Xiao Bai came to Xiangjiang and listened to the work reports of Cui Mingda and Tao Mingyu in the office of Yingsheng Investment."

Dong Xiao, according to your instructions, we have sold some of the property units we hold, and so far, a total of 27.9 billion Hong Kong dollars have been returned."

Xiao Bai decided to sell out a part of Xiangjiang's real estate earlier, and the principle was basically to keep half and sell half, Cui Mingda and others executed it very well, and the task has been basically completed.Cui Mingda said that at present, Yingsheng Investment has actual funds of 29.3 billion US dollars (US dollar account) and 80.2 billion Hong Kong dollars (Hong Kong dollar account)."

Some of our short-term earnings have been received, and in addition to foreign investment, costs and taxes, our funds are still growing in absolute terms."

After Cui Mingda finished speaking, he motioned Tao Mingyu to hand over the printed financial report to Xiao Bai.Xiao Bai didn't look at it when he took it, and put it directly on the desk.Seeing this, Tao Mingyu began to continue his work report."

Dong Xiao, our biggest financial investment at present is the U.S. stocks we hold.These stocks have been very strong, for example, the stock price of AMZN has broken through $800 per share, which is almost 115 times higher than when we first bought it.In addition, the trend of AAPL is the same, and the current stock price is 127 times higher than the original purchase price.The total market value of U.S. stocks held increased by an average of 93.4 times, and the dynamic total market value reached $46.7 billion. ”After Tao Mingyu finished speaking, his eyes looking at Xiao Bai were full of admiration.This investment was a decision made by Xiao Bai back then, and it was implemented in accordance with the orders of the other party from stock selection to long-term holding.Tao Mingyu has never seen such a successful investment.After listening to Tao Mingyu's report, Xiao Bai couldn't help but groan.According to his memory, it is not a dream that AMZN's stock price will rise beyond the sky and eventually stand above $3,000 per share.The share price of AAPL has risen by at least 5 times from the current stock price.The average future increase of all US stocks will not be less than 3 times, that is, the market capitalization of these stocks will exceed $130 billion at some point in the future.Of course, there is no such thing as a stock that can be sold at the highest price.Coupled with the great changes in the past few years, it is the best strategy to settle in advance."

In two years, there should be a more aggressive rally in U.S. stocks.Let's plan ahead, take AMZN as an example, when AMZN's stock price breaks through $2,000 per share, it will start reducing positions.Other stocks, synchronously follow the operation. ”After saying how many years of "continue to hold", Xiao Bai suddenly changed his style and decided to sell the U.S. stocks in installments.After he finished speaking, Tao Mingyu and Cui Mingda didn't react all of a sudden, and were stunned for a while.Over the years, especially Tao Mingyu, paying attention to the trend of U.S. stocks every day has become a part of his life.The ups and downs of the stock price made him excited.Now that he suddenly learned that it was time for the game to end, his feelings became complicated.Cui Mingda coughed on the side, and Tao Mingyu hurriedly said, "Okay, Xiao Dong, I will follow your instructions." ”"Alright, that's it for today."

Xiao Bai immediately ended this work report and sent Cui Mingda and Tao Mingyu out.Subsequently, he sat in his office and looked through the various statements of Yingsheng Investment, and had a clearer understanding of the company's operation."

That's a lot of cash in the company!"

Xiao Bai has a lot of core assets, but the two most important ones are undoubtedly Times Technology Group and Xiangjiang Yingsheng Investment.One focuses on domestic, industrial investment and scientific and technological research and development investment.The other is based in Hong Kong for financial investment and venture capital.These two companies belong to Xiao Bai's personal companies, and the biggest feature is that the cash flow is very abundant, and they are about to become the ATM of the times.Xiao Bai has a point of view, money can't be spent indiscriminately, but it can't be spent all the time.The trend of currencies is to depreciate, so it is also important to keep money flowing.But how to spend it is a science.Xiao Bai stayed in the office until he got off work in the afternoon, then got up and left, and took a car to the restaurant that had been booked in advance.In the evening, he asked Lin Jiadong, Zhang Yilin, Jiang Yifan and others to have dinner together."

Mr.

Lin, Mr.

Zhang, the previous lawsuit made you worry a lot.I would like to toast you with a glass of wine, thank you very much!

”Xiao Bai and Lin Jiadong and others sat in the private room to push the glass and change the lamp, and while the wine was booming, Xiao Bai talked about Liang Jinsong's lawsuit.This lawsuit was protracted, and Lin Jiadong and Zhang Yilin did a lot of work underneath.Xiao Bai should say thank you here."

Xiao Dong, you're welcome, aren't you?

We are our own people, and we don't engage in those vain things.Come on, come on, Yifan also raise a glass, let's drink one together. ”Lin Jiadong was a little dissatisfied with Xiao Bai's politeness, so he immediately pulled Jiang Yifan and drank a cup together."

Xiao Dong, you really have the character to do what you say.I heard that the property units you put out before are very popular, right?

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”Zhang Yilin put down his glass and changed the topic.The interests of the few of them are now very closely tied to Xiao Bai, and it can be said that they are both prosperous and lossy, and some of them are up to the point, and it will be boring to talk too much."

It's okay, all the properties I put on the market have been sold.But I keep half of it, so there's no need to sell it all. ”Xiao Bai chatted with a few people while drinking, and the topic of conversation shifted from business matters to all aspects of social life.It wasn't until about nine o'clock in the evening that a few people finished tonight's dinner."

Xiao Dong, T Power is ready to sign a settlement agreement.Anyway, Mr.

Liang's non-compete period has ended, and there is not much value in continuing to do it. ”When he came to the parking lot, Zhang Yilin took the opportunity to reveal a message to Xiao Bai.As for the source of the news, he didn't say, and Xiao Bai didn't ask."

It's okay, it's almost over.Zhang Dong, thank you, wait until you have time to hang out together. ”Xiao Bai smiled and nodded, then greeted a few people and got into his car.They were separated and went back to their respective homes.Back at the hilltop villa, Xiao Bai called Liang Jinsong to tell him about it.Then let the other party not have pressure, and the lawsuit should be over soon.When he hung up, he went upstairs to take a shower.Tian Chunxiu didn't come over this weekend, she recently went to the mountain city again.Liu Xiaoling will bring the two little ones to Xiangjiang tomorrow morning, and Xiao Bai will accompany them to Disney for a walk.After resting in Xiangjiang for two days, Xiao Bai returned to Shencheng early on Monday morning."

Xiao Dong, this is the latest issue of the compilation of business information."

As always, Xiao Bai walked into the office on time.Tong Wanqing had already made hot tea and prepared a few plates of snacks.Taking advantage of Xiao Bai's time to drink tea and eat snacks, she sent this issue of the compilation of business information.Xiao Bai ate two pieces of dim sum and went to wash his hands.Then I sat down in my chair and flipped through it.He flipped through it quickly, and a piece of news suddenly aroused his interest, so he stopped what he was doing and read it several times.