Late October 1994.

Shenzhen, Huaqiangbei.

The development trajectory of Huaqiangbei in this world is similar to that of history, but the degree of prosperity and influence is beyond the original trajectory.

Originally, Huaqiangbei was mainly due to the geographical location, which was convenient for the import and export of electronic components and assembled products, so it formed a bazaar of electronic products. On the basis of the number and variety of electronic parts and accessories more complete than any region in the country, Huaqiangbei's electronic manufacturing industry has gradually prospered.

As for Huaqiangbei, it is famous for copycat factories, but it does not mean that the prosperity of Shenzhen's electronics manufacturing industry is because there are many copycat factories. In fact, to a greater extent, it is because there are a large number of formal electronics manufacturing factories and a large number of industry-related talents. A large number of talent overflowed, and a bunch of copycat electronics factories appeared.

At the same time, the number of cottage factories is large, in addition to the imperfect legal system, even if there are relevant laws, the implementation cost is relatively expensive, resulting in some large enterprises, even if they see small enterprises copycats, but also because of the number of too many, the cost and energy to deal with these cottage factories, it is very cost-effective, therefore, as long as the cottage electronics factory is not large-scale, it is difficult to hold a large number of patents to sue.

And Huaqiangbei in this era prospered faster and earlier than in history, and the scale is far larger than in history, and it is not famous because of copycats, but because of the number of compatible machine brands exceeds 100. In addition, 150 million computers a year are assembled and produced from Shenzhen and sold all over the world.

Not only are there Pangu compatible machines, but even some PC compatible machines also choose to be OEM produced here. Because, the CPU architecture of the PC compatible machine is different, but there are still a lot of electronic components that are not much different, and they can be purchased in Shenzhen.

For example, CD-ROM, DVD-ROM, power supply, chassis, hard disk, network card, sound card and other components are compatible with Pangu compatible machines and PCs. Coincidentally, most of these components can be purchased in Shenzhen, which is cheaper and more abundant than the rest of the world.

Because, the world's fourth and fifth largest semiconductor companies, Lishan Semiconductor and Xinchuangxin are located in Shenzhen. In addition, Linmeng Technology, a semiconductor equipment and materials manufacturer, has formed a local ecology of precision electronic processing industry.

Upstream of this ecological chain are naturally some thousands of R&D and production enterprises.

But in the same way, the local chip processing capacity is developed, such as graphics cards, memory, motherboards, inductors, capacitors, power supplies, network cards, sound cards, camera modules, and display parts...... It can be said that there is everything, everything is all-encompassing.

Some large manufacturers can customize CPU, memory, graphics card, hard disk and other parts in large quantities directly from the factory. However, for some small-scale self-employed individuals who are compatible with machines and DIY assembly for business, they generally can't scrape together millions of dollars to go to the factory to place blind orders.

Therefore, the local hardware wholesale in Huaqiangbei is also rapidly prospering. A large number of hardware agents and retailers purchase large quantities of hardware and sell it to small-scale retail investors or consumers. With the formation of the scale of the market, attracting the order market of small and medium-sized enterprises all over the world, the current Huaqiang North batch retail market has three or five billion transactions in the off-season, and there are two or three billion sales in the peak season.

This is not because the local consumption power is so strong, but more importantly, manufacturers from all over the country and a large number of overseas manufacturers have made small-scale purchases in Huaqiangbei on a large scale, which has led to the increasing scale of business transactions here.

To a certain extent, now on the Shenzhen Stock Exchange, the trading volume of stocks in one day is far inferior to the trading volume of Huaqiangbei's electronic hardware products.

Even, after it was difficult to make money in the stock market, many people who speculated in stocks in Shenzhen began to transfer their money and time to hardware speculation.

For example, the hype of memory modules has become a hot spot for some bottom-buying hoarders.

"Lao Zhang, come with 1,000 16MB memory sticks, the price can be based on the market price!" said a young man in his early thirties, to the stall owner of an electronics shopping mall.

"You want Pangu, or PC. Lao Zhang asked.

"Pangu's comes with 800, and the PC platform comes with 200. The young man laughed.

"Okay, now the memory price of Pangu and PC is about the same, and I don't know if the number can be rounded. It's all 278 yuan for you, how about it?"

"Okay, Brother Xie Zhang!"

"Let me ask more, the memory module of Pangu computer, the domestic market can find the next home, you want so much for PC, how to get rid of it?"

"Brother Zhang, my friend runs a DIY company in Hong Kong, Pangu and PC are all done, most of the PC hardware is not produced in China, but the memory module is supplied in large quantities in China, which is cheaper than the international one. Therefore, it is no problem to bring goods to Hong Kong, where the DIY order is very large, and it can be digested on the same day, and it is still profitable to send it to overseas customers. ”

"The price of memory is changing almost every day now, it's not easy to do!"

"Who's to say it's not? But if I buy it today and sell it tomorrow, the risk is still very low. I have been paying attention to the news of the memory module industry at home and abroad, and now the news reports that the memory price war is fierce, and the chip manufacturers such as Xinchuangxin and Samsung continue to launch a price war and sell at a price lower than the cost of their international counterparts. In my opinion, selling below the cost price of most manufacturers is not sustainable. Sooner or later, prices will rebound, and the current sales are already below the cost price, and the risk of another decline in the next year has been rooted. Unlike those latest factory CPUs, they are sold at a price of 1500~2000 yuan, and in a few years, they will fall to three or four hundred yuan, and in a few years, it will be easy to buy dozens of dollars to pick up garbage. The young man smiled, "So, on the one hand, I can make the difference, and I can make a few hundred or thousands of profits a day." At the same time, I also hoarded some memory modules on the profit part, and once the price went up, I gradually got rid of the hoarded part, which is similar to speculating in stocks. Short-term speculation to do T+0 and lock a part of the position to do long-term, the lightning market is coming, you must have goods in the hands. When everyone knows that the market has skyrocketed, it means that it has already risen, and the risk outweighs the opportunity!"

"You're still smart, but ...... Have you ever made money trading stocks?"

"Well, I was lucky enough to make some money. Later, I felt that it was not possible to make money in a daze, and I needed to make money with my ability, so I began to learn value investing. After that, I began to study the classic theories of Graham, Warren Buffett, and Munger, and studied the value of enterprises and industries. Then, he began to transform into an electronic hardware ......" the young man returned with a sense of humor.

However, Lao Zhang felt a little sad and felt the impermanence of fate.

Although he has not lost money on stocks, he has been injured by the memory module in the past few months! When the 16MB memory module was 600 yuan, he was already hoarding. After that, it got lower and lower, and the losses were almost millions. If it weren't for the fact that the main business of wholesale and retail in the electronics market could still be recouped, he would have gone bankrupt a long time ago.

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