Subsequently, the Japanese branch, the North American branch, as well as Africa, Europe, the Middle East, Southeast Asia, South Asia, Oceania, Latin America, India and other larger business departments have successively reported on the work.

The work report of the Japanese branch is undoubtedly a highlight. Last year, although there were some problems in the Japanese economy, the business of the new start-up department in Japan stabilized and rebounded, and Pangu Computer exceeded 50% of users in the Japanese computer market for the first time. Xinfei Electronics Co., Ltd. is currently assigned to the new venture Japanese company in charge, although the market value of Xinfei company is listed has been declining, but the business has gradually relied on the patent fee model, to obtain a large number of VCD and CD-ROM market patents, at present, the annual patent fee is not less than 2 billion US dollars, so that although the sales performance has been sold, the market share of CD-ROM and VCD has been reduced to 20%, but the profit is a record high, reaching 2.6 billion US dollars!

At the same time, Uejima mentioned that under the influence of Japan's economic recession, many small and medium-sized enterprises in the fields of games, music, animation, etc. are struggling to operate, and the Japanese branch invested more than 30 billion yen last year for the acquisition of small and medium-sized enterprises in the cultural and creative field. And in the next few years, these companies may provide a lot of profits and IP!

In this regard, everyone present applauded the beautiful performance of Ueshima Yazi.

Representatives of the Russian branch that had just been established last year also came up to report the work, but not Diana, because now Diana is in a hospital in Moscow, has hired the best doctors, and is preparing to give birth, so naturally she cannot attend the meeting.

The meeting was attended by Kaspersky founder Eugene, who felt that it was more reliable to rely on large companies after joining the company for a period of time, so Kaspersky became more and more cooperative with the work of the new entrepreneurship department.

Now in the Pangu system, users can choose a variety of security antivirus software, Kaspersky is the recommended first choice, the international version of the price of 10 US dollars per year, the Chinese Simplified Chinese version is free for 1 year, after the expiration of only 9.9 yuan per year. At present, Kaspersky is planning to build a global security brand and strengthen its investment in the Internet business.

With the work reports of the major subsidiaries, the meeting was actually held for more than two consecutive days.

After that, Lin Qi took the stage and said: "Last year was a difficult year, and the political climate at home and abroad affected our business environment. However, we are a company that attaches great importance to the independence of core technology, and after encountering AMD's gradual stuck, we immediately accelerated the mass production and promotion of 1-micron lithography machines, so that some leading semiconductor companies in China have begun to enter the era of 1-micron technology. It is only half a generation away from the international mainstream 0.8 microns. Of course, now internationally, 0.5 microns seem to have gradually entered the promotion stage. In the next two to three years, 0.5 microns should be widespread in the semiconductor industry around the world. Our process accuracy of 0.8, 0.5 microns and even longer is continuously invested and tackled. It can be said that the technology is not my own mastery, and I can't eat or sleep well. So, in order for me to eat and sleep well, I ask you to work harder and let us master the core technology by ourselves......"

"Last year, I invested about $5 billion in technology research and development, a record high. However, I don't think it's enough. This year, it's at least $8 billion! Perhaps, everyone says, if you reduce a little bit of investment and use money to advertise, your sales performance and profits will be much better. But I said, naïve, many of the current technology investment has a future cash cow. There are so many directions in the future, if you choose only one or a few, it is undoubtedly a gamble, but if we try to invest in every technical direction, we will always invest in the right direction. The cost of R&D in the wrong direction may be very expensive, but the return in the right direction can cover the cost of our wrong direction, and the overall return is huge! To put it simply, the larger the scale, the less we gamble, and try our best to grasp every possibility in the future in our own hands. If we really didn't expect it to be thought of by others, then, once we are sure that this market has prospects in the future, we need to enter at any cost, and it is okay to acquire, license each other's patents, and spend money to buy......"

During Lin Qi's speech, many employees of the new entrepreneurship department and representatives of the upstream and downstream units of the industrial chain were shocked. On the one hand, it is because of the pattern of the new entrepreneurship department, and on the other hand, it is more important to pay attention to research and development.

Moreover, despite the fact that the total R&D investment of the Department of New Entrepreneurship is relatively large, in fact, there are also a lot of projects. Small projects can cost hundreds of thousands of dollars a year. Relatively large projects, such as CPU architecture research and development and lithography machine research and development, etc., have a budget of no less than $1 billion a year.

There are thousands of investment projects of all kinds every year. Among them, some non-critical core projects, in order to avoid occupying internal human resources and energy, are adopted to cooperate with the upstream and downstream of the industrial chain for research and development, and then only share technology. For example, some upstream and downstream parts manufacturers have shown some R&D capabilities in the process of cooperation, and have production capacity in this field, so that the new entrepreneurship department may pay for the cooperative enterprises to tackle key research and development, and after that, the results are shared, and the actual order is also given priority to the team that has completed the scientific research outsourcing.

It is also under the cultivation of a large number of project outsourcing in the Department of New Entrepreneurship, many teams have emerged in China, especially R&D teams that mainly accept scientific research outsourcing. Scientific researchers can also complete marketization and order-based by accepting orders. In this way, although there will be some teams who blindly take orders, in fact, they do not have the ability. However, the new entrepreneurship department will continue to screen and eliminate, and those with the ability to tackle key problems in scientific research will receive better and better projects and receive more and more support.

It is precisely because of this that the industrial chain of the new entrepreneurship department has more endogenous growth momentum than other industries. At least, the upstream and downstream of the industrial chain attach importance to scientific research investment, but ...... Seeing the one-year investment in scientific research of Xinchuang Electronics Group, these representatives of upstream and downstream enterprises are breathtaking, and they must strengthen their company's R&D investment after going back.

Mr. Lin is so right, the core technology must rely on its own research. Those so-called high technologies are also gradually developed and improved from a relatively low threshold.

The world's top technology giants are not just born or unattainable, and many companies have nothing to do with high-tech at the beginning, but in the process of development, they have gradually accumulated and invested, and gradually become the world's top technology giants.

In this regard, the new venture electronics group is a good demonstration, so that domestic enterprises have been encouraged - independent investment in scientific and technological research and development, can also see a huge return on capital. It is an indisputable fact that the overall level of science and technology in China is lagging behind that of Western countries, but it does not mean that domestic talents are not good as a whole.

This is wrong!

On the contrary, due to insufficient R&D investment in China, a large number of talents have been idle. Sometimes, the cost of independent research and development is lower, but in these years, many domestic companies would rather buy outside than give their teams a chance to tackle key problems independently.

On the contrary, the new entrepreneurship department would rather invest in R&D than buy ready-made solution technology directly, and if time permits, it will also choose to develop its own. Because, if you develop it yourself, the follow-up technology upgrade and maintenance are independent and controllable. Moreover, if you look at it for a long time of ten or twenty years, it is often more cost-effective to invest it yourself than to buy ready-made technology.