Pang Xuelin explained DDR technology and flash memory technology to Xia Peisu and Ni Guangnan.

Xia Peisu and Ni Guangnan looked at each other and couldn't help but smile bitterly.

Compared with Pang Xuelin, they feel that their knowledge structure is far behind each other.

Of course, in comparison, Ni Guangnan knows a little about Pang Xuelin, so he doesn't seem to be much surprised.

Xia Peisu was shocked, Pang Xuelin's professionalism in this process far exceeded the level of an ordinary technology business owner, no less than those masters and doctors under his command, and even more so in terms of breadth of knowledge.

Before meeting Pang Xuelin, although Xia Peisu had long heard Ni Guangnan say how powerful Pang Xuelin was, he thought it was an exaggeration.

But now it seems that these rumors are probably not exaggerated in the slightest.

The young man's understanding of the ICT industry as a whole is probably still above the level shown in his paper.

On the one hand, Pang Xuelin discussed with Xia Peisu and Ni Guangnan on the development of HiSilicon Semiconductor's post-learning ideas, and on the other hand, he started the formation of HiSilicon's R&D team.

Among them, Ni Guangnan served as the associate engineer of Hisilicon Semiconductor, and Li Yinan was transferred from Huawei by Pang Xuelin to serve as the deputy chief engineer.

Pang Xuelin himself served as the president of HiSilicon, and Xia Peisu was also pulled over by Pang Xuelin to serve as an advisor to HiSilicon.

As for Hu Weiwu, Pang Xuelin will certainly not let go, he will intern at HiSilicon Semiconductor, and officially join HiSilicon after graduating with a doctorate in the first half of next year.

……

Two years passed in a flash.

1 March 1996.

Los Angeles International Airport, Los Angeles, USA.

Pang Xuelin held Mu Qingqing's little hand, and the two walked side by side in the VIP passenger channel of Los Angeles International Airport.

Behind him, he was followed by Liu Qi, President of Transwarp, Ren Zhengfei, President of Huawei Company, Ni Guangnan, Chief Engineer of HiSilicon Semiconductor, Li Yinan, Vice President of HiSilicon Semiconductor, Sun Yafang, Vice President of Huawei Company, and others.

In the past two years, Pang Xuelin has been very low-key in China.

Most of the time, he spends most of his time at HiSilicon's headquarters in Shenzhen, where he leads the team in chip research and development for a new instruction set architecture.

In two years, Pang Xuelin's industry also swelled like a balloon.

Huawei has become the leading communication company in China, the hegemon in the field of program-controlled switches, and has recently begun to enter overseas markets such as Africa, South America, and Russia.

In the field of 2G communication, Huawei has also completed the research and development of base station transceiver station (BTS) and base station controller (BSC), and is currently conducting joint tests with China Telecom and China Unicom.

The R&D of mobile phones is also progressing at the same time, and the development of new mobile phones based on Nokia 1100 is progressing smoothly.

Today, Huawei's valuation has already exceeded 20 billion yuan, and it has also gained a lot of fame among domestic private enterprises.

As for Transwarp Technology, in 1994, CVD sales exceeded 5 billion, and in 1995, when the CVD price was cut in half, sales exceeded 10 billion.

In the past two years, Transwarp has successively launched a large-scale layout in the field of film and television DVD copyright, and has reached cooperation agreements with major Hollywood film and television companies by using the relationship between Scober and Don Valentine.

At the beginning of this year, Transwarp launched a new generation of DVD products, and with the cooperation of Scober, simultaneously entered the overseas market, last month alone, Transwarp DVD sales in the North American market exceeded 50 million in a single month, and is growing strongly, and is expected to exceed one billion US dollars in annual sales.

In the European and East Asian markets, the growth of Transwarp DVD is also strong.

At present, Transwarp has become the most valued technology company in China, and according to Pang Xuelin's plan, Transwarp Technology (mainly engaged in DVDs, CVDs) will be listed on the Hong Kong stock market within the year.

Goldman Sachs, **** and other investment banks have successively given Transwarp a valuation of more than 100 billion yuan.

And Pang Xuelin, who owns 80% of Transwarp's shares, will undoubtedly ascend to the throne of China's richest man.

Even in the ranking of the world's richest people, it occupies a place.

However, perhaps because Pang Xuelin's performance has been relatively low-key in the past two years, he rarely accepts media interviews, or the rapid rise of Microsoft, Bill Gates has become the richest man in the world, and there is not much news about Pang Xuelin in the media.

Only this time, Pang Xuelin is destined to have no way to keep a low profile.

Because Yahoo, which has been remotely commanded by him in the United States for two years, will be officially launched on March 7 this year.

This is largely consistent with Yahoo's historical developments.

Historically, Yahoo IPO went public on March 7, 1996, and its stock price soared from $13 to a maximum of $43 on the day of its launch, and although the closing price fell back to $33, it had made it the third-highest growth company in Nasdaq history by that time.

Yahoo was worth $850 million on that day, and at that time, the company had only 49 employees.

Both Yang Zhiyuan and Ferro are worth more than $130 million on their books, and early investor SoftBank made a profit of nearly $200 million.

Within months of going public, Yahoo's share price fell more than 44 percent from its IPO high, but until March 1998, Yahoo was the only profitable search company.

At this time, about 35% of Yahoo's traffic share comes from home, and the rest comes from overseas. Ten days after its listing, the company began to expand into overseas markets, and it and SoftBank founded Yahoo Japan with a 40 percent and 60 percent stake, respectively, marking the first time an American Internet company has set up a branch overseas.

On the one hand, the overseas strategy can bring more traffic and higher advertising revenue to Yahoo, and on the other hand, it is also pushing up Yahoo's stock price.

In 1997, Yahoo acquired Rocketmail and launched its own mail service, and in the years that followed, Yahoo launched its own games, groups, and instant messaging services.

In early 1999, Yahoo bought the online virtual community GeoCities, then the world's third-most trafficked website, for $3.57 billion in stock, and within 100 days, Yahoo bought the online radio site Broadcast for $5.7 billion in stock, which at the time had only 570,000 users.

By 2000, the Yahoo empire was worth $128 billion, and even Warren Buffett's Berkshire Hathaway, which had a market capitalization of $108 billion, was going to bow to the upstart Internet company.

It's a pity that since then, the Yahoo empire has begun a process of decline day after day.

In the middle, Google and Facebook missed the two Internet giants, and Yahoo began to decline step by step.

In 1998, two of Google's founders approached Yahoo to sell PageRank for $1 million, but Yahoo refused the request of the two Stanford doctors. This did not prevent the two companies from working together, and in 2000 the two sides reached an agreement for Yahoo to adopt Google's search engine.

Two years later, in 2002, Yahoo offered nearly $3 billion to buy Google, which was eventually rejected.

This time, the initiative in the negotiations was in the hands of Brin and Page, who asked for $5 billion.

In 2002, Google's revenue was only $240 million, while Yahoo's revenue was less than $840 million, and its stock price hovered around $7. If it wants to successfully acquire Google, it means that Yahoo will have to bet its entire wealth on this search company with a very different model from its own, and it is no longer an acquisition, it is more close to a merger.

Eventually, Yahoo abandoned the thrilling acquisition.

Two years later, Google went public, and Yahoo found itself in the search market leader to a toddler laggard. By 2006, Yahoo's branded advertising growth had halved, from nearly one-third to less than one-quarter of the search-related advertising market, while Google accounted for 68 percent of the market.

For Yahoo, the more serious hidden danger than the business decline is that Google's acquisition of YouTube, as well as Facebook's continuous expansion, Yahoo's video and social market are divided, which directly leads to Yahoo's complete disadvantage in the subsequent content and social tide.

In 2006, Yahoo also saw the potential of Facebook, but on the other hand, due to the embarrassing financial situation, Semel, a professional manager, eventually lowered the $1 billion offer to $850 million, and this seemingly shrewd and financially sound business decision eventually led Zuckerberg to reject Yahoo.

Even Yahoo was tempted to buy YouTube, but in the end, Google got the first time at a higher price of $1.65 billion.

In the following years, Yahoo, which has been caught in executive internal friction and investment failure, has slipped into the abyss step by step.

In 2016, Yahoo's voyage finally came to an end, and after more than 20 years of wandering, after witnessing the boom of the Internet, this once the most novel and interesting Internet company in Silicon Valley finally ended on the stage of history by being acquired as everyone expected.

Verizon bought Yahoo's main business, including search and email, for just $4.83 billion, and since then, Yahoo has become a holding company with a 15 percent stake in Alibaba Group and a 35.5 percent stake in Yahoo Japan, which is worth more than $40 billion based on their performance on the stock market.

In 2017, Yahoo finally officially changed its name to Altaba, and since then, there has been no Yahoo in the world.

But in this world, it is clear that Yahoo is not going to decline as it has historically.

In the past two years, Pang Xuelin has firmly controlled 90% of Yahoo's shares, and with the continuous cash flow of Transwarp Technology and Warwick, Pang Xuelin, who has deep pockets, has nowhere to go for any capital that covets Yahoo.

In addition, through Yahoo, Pang Xuelin has successively completed the development of Yahoo Mail, Yahoo Communication, Yahoo Portal, Yahoo Search, Yahoo Website Navigation and other products.

Among them, the heads of Yahoo Search are Li Yanhong, Larry Page and Sergey Brin.

The addition of these three bigwigs has made Yahoo Search, which integrates hyperlink analysis technology and rankpage technology, the most popular search engine among American netizens as soon as it came out.

However, Pang Xuelin is also very clear that today's Yahoo has developed to a bottleneck.

Whether it is the overall public opinion environment of American society or the entire national interests of the United States, it is impossible for a Chinese to control the existence of Yahoo, which has gradually shown the prospect of an Internet giant.

Therefore, Pang Xuelin must go public through the operation of the company, tie some people to the Yahoo chariot, and escort Yahoo's next development.

During this trip to the United States, Pang Xuelin rang the bell for Yahoo's listing on the NASDAQ.

"Mr. Pang, welcome to the United States!"

As soon as Pang Xuelin pulled Mu Qingqing out of the VIP passenger exit, he saw Yang Zhiyuan, Fei Luo, Benson Rafael, Chambers, Morgridge and others greet him.

Pang Xuelin smiled, and it was not surprising to Chambers and Morgrid's appearance.

In the past two years, Pang Xuelin has been increasing his holdings in Cisco's shares, and today he owns 12% of Cisco's shares, which can be called Cisco's largest individual shareholder.

Today, Cisco's market value has already exceeded $100 billion, and Pang Xuelin's assets in Cisco alone have exceeded $12 billion.

Not to mention, he also has companies like Transwarp Technology and Yahoo under him.

For such capital tycoons, Chambers and Morgridge naturally have to be cautious.

Maybe in less than two years, people will become the big bosses of Cisco.

"Lao Yang, Ferro, Raphael, thank you for your hard work."

Pang Xuelin stepped forward and shook hands with Yang Zhiyuan, Ferro and Benson Rafael respectively.

It is worth mentioning that Benson Raphael, who originally worked for Don Valentine of Sequoia Capital, has also joined Yahoo as Yahoo's CFO.

Benson Rafael is very well-connected in the American capital circle, and this time Yahoo went public, all of which were operated by Benson Rafael.

Then, under the introduction of Yang Zhiyuan, Pang Xuelin shook hands with Li Yanhong, Larry Page, Sergei Brin and other Yahoo executives one by one.

After everyone greeted one after another, Pang Xuelin boarded the convoy prepared for them by Benson Raphael and went directly to a manor on the outskirts of Los Angeles.

Half a year ago, Pang Xuelin, through Benson Raphael's connections, spent $250 million to buy this ancient manor built in 1879 and registered it in Mu Qingqing's name.

Here, it will also become Pang Xuelin's place of residence in the United States.

That night, Pang Xuelin held a grand buffet banquet in the manor to entertain VIPs from all over the United States.

Among them are Don Valentine, Bill Gates, Warren Buffett and other bigwigs.

As an indigenous American, these people are naturally no strangers to Pang Xuelin, who appeared in the American capital circle.

In the past two years, the two companies invested by Pang Xuelin, Cisco and Yahoo, have already become legends in the American technology industry.

As for the other company that cooperates with Transwarp, Scober has also become a giant in the DVD field.

Therefore, for the banquet held by Pang Xuelin, everyone happily went.