"When I was in elementary school, I saw a red flag at the entrance of the provincial government, but I have never seen it since. Unexpectedly, Du Qiu actually got one and came back."

"This car was only allowed to be held by senior officials at the provincial and ministerial level before, so it is definitely more stylish than Dafeng when driving it out."

"It's just a good thing. It's okay outside, but it's too bad inside. Just use the old sofa as a seat, it's so dirt-free."

The Hongqi ca770 was produced in 1965 and was discontinued in 1981. There were only less than 1,300 models in total. By 1995, most of them had been scrapped, and the unscrambled cars were in poor condition. The car Du Qiu got back was better maintained, at least 80% new. The highly recognizable shape and legendary history were extremely topical, which quickly attracted many passers-by to watch, point fingers and make a name for themselves.

Du Cunzhi had always had a lot of opinions about Du Qiu spending money to buy a car, and he became interested at this time. He sat in under the instigation of everyone and experienced the style of the country's leaders. On the way home, he inquired: "Xiaoqiu, where did this red flag come from?"

"Thank you from a friend in Pujiang." Du Qiu didn't want his family to think about it. When discussing with Du Cunzhi before, he only said that a powerful young man wanted to invest in Snapdragon through Yang Fan, but he didn't specifically say who it was. He explained: "The red flag looks majestic, but in fact, reliability, safety and fuel economy are not good. He can only be placed in the decorations of the home and has no practical purpose, so it is not very valuable. It is said that it can be bought for tens of thousands of yuan in the second-hand market in Beijing."

In the hearts of the older generation, Hongqi has the supreme status and is more upscale than Mercedes-Benz, which costs one million yuan. Du Cunzhi half-believed and half-doubted, and asked again: "Hongqi is not a car that ordinary people can ride. The one you mentioned last time gave it to?"

"Yes, his father used to work in the Pujiang Municipal Government, and this was the car he used to use back then."

"Even if it's only worth tens of thousands of yuan, this car is not ordinary. What did he give it to you?"

"I have a project in Pujiang. The investment amount is relatively large. I asked him to be a consultant with a high salary. He gave me this car back and forth, just a gift."

When Du Cunzhi heard that it was business dealings, he didn't ask any more questions. Jiang Danfeng, who was sitting in the back row, was a little curious and asked, "What project is it?"

"I'm still making preliminary preparations for my private investment, and I'll probably have a look next year."

Jiang Danfeng said softly and said, "Mr. Liu and the others came back on the night of the 10th. You stayed alone in Pujiang for two more days and only came back today. Is it for this project?"

"Well, this project has a relatively large investment and requires the support of the Pujiang Municipal Government, so I inspected it for two more days."

As Liu Yunlai predicted, after Snapdragon's valuation soared 10 times, Lianhe Investment Company gave up the idea of ​​investing. Anyway, with their background, there are countless businesses that can make a fortune in China that can be done in silence. There is no need to spend hundreds of millions of dollars on Snapdragon under huge risks and controversies.

As early as noon on August 10, the investment negotiations ended. Du Qiu stayed in Pujiang for two more days, mainly to see if there was any cooperation with Prince Jiang, the princelings were a double-edged sword, with both pros and cons. As long as there was no political involvement, normal business cooperation could still be done.

According to the information provided by Liu Yunlai, Mr. Jiang studied semiconductor physics in the United States. He obtained a doctorate in electrical engineering in 1991. He worked at HP for two years. After returning to China in 1993, he held an important position at the Pujiang Branch of the Chinese Academy of Sciences. He is the most skilled man among the Gongzi Party who understands the IT industry.

In Du Qiu's memory, he only knew that Mr. Jiang had done these three things: First, he served as the vice president of the Chinese Academy of Sciences, second, he participated in the founding of China Netcom, and third, he invested in and founded Hongli Semiconductor.

Before traveling through time, these three things were just gossip on the Internet, meaningless, but after traveling through time, these three things became extremely valuable advanced information.

The Chinese Academy of Sciences is China's top scientific research institution, with strong strength and abundant talents. In the era when the academic system was still rigid in the 1990s, establishing good relations and cooperation with future senior leaders will greatly enhance Snapdragon's R&D capabilities.

Only when the network hardware conditions improve can the Internet industry develop and grow, and China Netcom is engaged in the construction of network facilities.

Netcom has two stages, originally called Xiao Netcom, which was established in 1999. Its goal is to build a high-speed fiber backbone network that runs across the country, and then rent it to Telecom, China Unicom and other ISP service providers to be "operators". It has a good idea, but unfortunately it was born at the wrong time. Not long after it was founded, the Internet bubble burst, huge investments could not recover costs, and it was unable to go public to raise funds, so it fell into trouble and was on the verge of bankruptcy.

Fortunately, Netcom has a deep background. In 2002, China Telecom was reorganized and split into two companies, north and south. Netcom merged with Telecom and Jitong in 10 northern provinces to establish Big Netcom. Unfortunately, it was indigestion and poor operation. Not only did it suffer serious losses, it also caused netizens to complain. Not long after the 2008 Olympics, it was merged into China Unicom and disappeared from then on.

As a time travel party, Du Qiu knew that in the mid-to-late 1990s, it was a loss-making business that used money as waste paper to burn. One reason was that the fiber optic technology was not mature, but the entire industry was in a state of fanaticism and the cost-effectiveness was very poor. The second reason was that there were too few netizens at this time, and the utilization rate was very low, so they could not recover the cost at all. Those operators who built fiber optic networks frantically in the era of the Internet bubble went bankrupt after 2001 and the reorganization were terrible.

When Du Qiu was having dinner with Zhang Shuxin and others in Beijing, he said that he would use China Unicom's skin to set up an Internet access service company in the form of "China-China and Foreign". The purpose was to set up a small demonstration network in Yuncheng as a template for domestic Internet infrastructure. Anyway, when China Unicom went public to raise funds in 2000, in order to clarify the equity structure, he would spend a lot of money to acquire subsidiaries of the "China-China and Foreign Foreign" model, and then sell them, and make sure to make a profit.

By chance, I met Mr. Jiang with a deep background. Why not fool him into starting Netcom a few years in advance? If Netcom was established a few years in advance, it is very likely to seize the tail of the Internet bubble and go public in Hong Kong or the United States around 2000, killing foreign investors' money.

Even if it is not listed, it doesn’t matter. Telecom is a monopoly industry and has a guaranteed state. Since we can enjoy the huge profits brought by monopoly in the future, we will lose a few years in advance and be a cannon fodder for China’s Internet development, which is also a cycle of heaven.

However, the project Du Qiu mentioned is not Netcom, because private enterprises are not qualified to participate in the telecommunications business. The project he mentioned is Hongli Semiconductor, founded by Mr. Jiang and Wang Wenyang. Before he traveled through time, the company and Huahong merged to establish Huali Microelectronics, owned two 12-inch wafer factories and could provide 28nm chip foundry services. It is the strongest semiconductor company in China except SMIC.

Wang Wenyang is the eldest son of Taiwan’s richest man Wang Yongqing. He had great hope of becoming the second generation successor of Formosa Plastics. Unexpectedly, an extramarital affair scandal broke out in November 1995. He was kicked out of his house by Wang Yongqing. He went to the University of California, Berkeley for one year and then went to the mainland to develop. In 2003, he and Mr. Jiang jointly founded the first letter of the company Hongli Semiconductor, which represents the name of Wang Wenyang’s mistress.

With the development of his career and the accumulation of wealth, Du Qiu's desires and ambitions have become greater and greater. At first, he only wanted to do software and the Internet, but now he wanted to work with software and hardware together, preparing to enter the semiconductor manufacturing industry.

This is mainly considered from three aspects. First, China's Internet industry was very prosperous before time travel. No one except the United States took it seriously, while the semiconductor industry was weak. If we could make a career in this field, the sense of accomplishment would be much stronger than copying software or network technology.

The second reason is to share risks. After Yang Fan's tossing and Du Qiu reflects on this, he feels that all business should not be stuffed into Snapdragon. Eggs are likely to overturn when putting them in one basket. They should cast a wide net, open up more land, and have three holes in the cunning rabbit. In this way, even if there is no golden finger that is foresighted in 21 years, they can still resist various risks and be invincible.

Another reason is that it consumes funds. Du Qiu only took more than half a year to become the richest man in China. A few years later, the richest man in the world is no problem. He is innocent and has a huge amount of money. He is no different from the fat pigs to be slaughtered. Semiconductors are a capital-intensive industry and can be called a gold-eating beast. You should know that in 1995, an 8-inch wafer factory was built, not counting technology transfer fees and employee recruitment fees, the cost of various hardware alone would cost at least $1 billion!

Du Qiu's current capital cannot afford wafer factories, but the semiconductor industry is not just wafer factories, but a complete ecosystem. He spent two days in Pujiang and successfully persuaded Mr. Jiang to cooperate with him to build a chip design company, accumulate experience and reserve talents, and when the time is ripe, he will join in the wafer factory.
Chapter completed!