A few minutes later, Jerry Sanders took the elevator to Lin Qi's office.

"Tea or coffee?" Although Lin Qi had a lot of opinions about him, he still entertained him as the host.

"A cup of tea, thank you. Jerry Sanders said.

Soon the secretary in the office made a pot of tea and served it with exquisite tea cups.

Although Lin Qi's tea set is not an antique, it may be more than many antiques, because this is Gu Jingzhou's work. In the 80s, Gu Jingzhou once led a team to auction works in Hong Kong, and a purple sand teapot cost a few thousand Hong Kong dollars. Lin Qi bought dozens of them in one go, more than a dozen of them were Gu Jingzhou's own works, and the others were much inferior, but they were also some famous works.

In the future, Gu Jingzhou's pot will be less than 10 million yuan, and the value of other famous purple clay pots will also rise sharply with the death of the creator.

Of course, there is a limit to the price increase of art, and the period of highest return on investment is the period when these works are not sold as artworks, but only when ordinary handicrafts are sold. Gu Jingzhou went to Hong Kong to sell teapots, also because, in the early days of reform and opening up, China did not have many products, and it was able to exchange a large amount of foreign exchange in overseas markets, so he tried to exchange anything that could be sold for foreign exchange, and then used foreign exchange to introduce technology and production lines.

Many people criticized the early days of reform and opening up from which antiques and artworks were later hyped up to sky-high prices, and a large number of works of art were sold like losers. However, the rate of return on art from the perspective of human history is not very high.

For example, Zheng Banqiao's calligraphy and paintings were worth hundreds of taels or even thousands of taels of silver during his lifetime, and according to his actual purchasing power, they should be equivalent to more than 100,000 yuan in value during his lifetime. For more than 250 years, Zheng Banqiao's works have been worth millions or even tens of millions of yuan at auction, and in 250 years, the value has increased dozens of times.

Other works of art from the Tang Dynasty, Song Dynasty, and Yuan Dynasty, don't think that millions, tens of millions, or hundreds of millions of yuan are more expensive, in fact, those works can't even run out of inflation, and the annualized rate of return is no more than 1% for hundreds of years or thousands of years.

In some specific time periods, artworks and collectibles are undervalued, and there is an opportunity to buy the bottom, and then, after that time period, the price will rise again, but it does not mean that the long-term annualized rate of return of the art collection itself is high.

Any industry that can operate stably and sustainably will have a higher rate of return than art in the long run.

The same is true of Gu Jingzhou's works, the stage with the highest rate of return is a layer of jumps from thousands of yuan to tens of millions of yuan. After the work is at the level of tens of millions, the longer term in the future is time, which should gradually fail to beat bank interest and inflation.

Lin Qi initially invested in these things because he felt that the rate of return was high, but when they gradually began to pay off, Lin Qi's other businesses were so large that he could ignore the value-added value of those collectibles. Over the years, Lin Qi has successively collected some monkey tickets, antique cultural relics and the like. Leaving it alone does produce an added value on paper......

In general, after the valuation of these gadget assets exceeds 1 billion, Lin Qi can no longer look at 1 billion, it is 10 billion, and 100 billion is just like that. From the perspective of hindsight, Lin Qi still thinks that he relies on collecting and adding value to make money, and Zhen Nima is a brain-dead behavior.

If you don't invest in the business that makes the fastest money and can generate the most cash flow, and engages in the kind of collection that does not contribute to GDP and cannot improve the social environment, the rate of return naturally cannot be too high.

Industries with higher rates of return will always be able to generate a large amount of cash flow, have a large amount of market consumer demand, serve the market and a broad consumer group, and naturally get the greatest benefits from it.

That kind of collection and leakage, hoping to make a windfall by relying on the collection, from Lin Qi's current point of view, is really a group of people who are rotten to the bone. Even if he really made money by collecting, he would not gain the slightest respect from Lin Qi. Those who boast about their collecting vision will only make Lin Qi feel shallow, ignorant and ridiculous.

Money is always a resource, and resources should be invested in industries and new technologies that can generate more money. Definitely not the kind of field that doesn't create benefits in itself.

"Mr. Lin, before AMD, mistakenly listened to the lobbying of White House politicians, and there were some unpleasant contradictions and disagreements with the new venture electronics group...... I came this time with sincerity to admit my mistakes!" Jerry Sanders' face was not as good as the last time he saw him, apparently because AMD's financial statements this year have deteriorated, turning from profit to loss, which has put tremendous pressure on him.

"No, if it's just political force majeure that forces AMD to stop supplying us, I'm understandable. Lin Qi said, "But in fact, this is not the case! The U.S. government has not even explicitly banned AMD from manufacturing XRM chips, nor has it even banned the sale of Pangu computers in the United States." It's just that you unilaterally believe that the United States is imposing greater sanctions on China, as well as ...... You yourself want to replace our XRM processor market with hybrid architecture processors. It's just that it didn't work out......"

Jerry Sanders' face was a little embarrassed after Lin Qi was ruthlessly revealed, and then he reluctantly calmed down and said: "Mr. Lin, Company D, still has a chip factory that is a generation ahead of you. The chip of the Luban 1st generation architecture is handed over to us for production, and it is conservatively estimated that the performance can be increased by more than 50%. Let's go back to the past and win-win cooperation!"

Lin Qi couldn't help but feel a little emotionally when he heard this, the attitude of the CEO of AMD was so low, he almost knelt down and begged Lin Qi to eat. The reason for this is also because the core technology is in their own hands, and the market is firmly controlled by themselves.

AMD has an advanced chip factory, but there is no market and orders, so it can only come to the door to admit its mistakes.

In later generations, due to the mistake of buying chips, not only the production capacity of high-end chips such as CPUs depended on buying. Even, even the market of memory particles and flash memory particles that could be produced independently was because it could not sustain short-term losses and could not keep up with the technological development speed of its opponents, so it once gave up on its own.

However, after a few years, the country found itself abandoning these industries, and Jinnima suffered a big loss. When you want to make up for the class, the technical threshold and investment scale are obviously higher than when you gave up at the beginning. Therefore, in the high-tech industry, how can there be opportunism, and at first I was unwilling to bear a small loss, so I didn't do it for the time being. Waiting until the future to do so will require a larger investment and burn money.

Lin Qi has a good idea of the future development of the industry.

Therefore, it is clear that the money is burned, and the confidence is to burn more and more. Under the current industrial structure, AMD is actually dispensable, without AMD, the performance of Pangu computers is not worse than PCs.

Because of the advanced XRM architecture, the performance is higher when the process level is lagging behind Intel.