Wu Shiqiang, who lived a day-to-day life at 700 Wilshire Avenue in downtown San Francisco, Calif., a year ago, finds it hard to imagine that he will give up his job at the San Francisco branch of Huaguo Bank and return to China a year later.

You must know that the work of the San Francisco branch was very difficult for his family to help him operate.

It takes a lot of determination to give up this opportunity, and while it sounds tempting to lead the process of starting from scratch at an investment institution, the uncertainty is too high.

It is mainly reflected in the fact that he does not have the right to decide on investment, and Zhou Xin only made a small amount of money on the company's books as working capital.

Once his performance does not satisfy Zhou Xin, causing Zhou Xin not to continue to provide funds for the company's operation, the company will soon be unable to survive.

In other words, this company, and even his career, is completely dependent on Zhou Xin's financial support, and this dependence on individuals is the biggest uncertaintie.

But he was tired of the ordinary life in San Francisco, and the life he came into contact with in Zhou Xin in just over a month was completely different.

From Google, which uses Lego bricks to build a chassis, to Robin, an ambitious Chinese engineer, to the products launched by NewPay that quickly swept the entire Americacan, he is excited about the vigorous development of the Internet.

Wu Shiqiang has been working in San Francisco, the heart of the entire Bay Area, and he can hear the entrepreneurial myths from Silicon Valley all the time, let alone witness the entrepreneurial myths of Zhou Xin.

That's faster than any previous startup myth in Silicon Valley.

At the same time, from his own experience, Wu Shiqiang can also deeply feel the changes brought by the Internet to the world.

Therefore, Wu Shiqiang decided to return to China without too much hesitation, invest in China's Internet companies, and help Huaguo's Internet enterprises, which is also meaningful.

On the eve of returning to China, Zhou Xin said when he sent him to San Francisco International Airport: "When you go back this time, you should not only pay attention to Huaguo's Internet industry, but also pay attention to which integrated circuit companies in Huaguo are."

Maybe they're rudimentary, but you need to spot their brilliance.

And we need to have a mechanism for how to invest in IC companies, and make sure that they spend the money on R&D and the product itself, rather than being spent on inexplicable things by the founders of the company.

The Internet industry is an investment made in the early stage in order to create income, which is the means, and investing in enterprises in the integrated circuit industry is the goal.

Compared with foreign countries, there is not much difference in the Internet field, and most of our gaps are concentrated in the field of basic computer technology, such as databases, operating systems, and other pure technical fields.

We need to think about investing in these more fundamental technologies.

But not now, this period is still based on income. ”

Originally, when Zhou Xin only mentioned integrated circuits, Wu Shiqiang thought that because the other party's specialty was integrated circuits, he hoped to invest in some domestic integrated circuit companies.

Later, when he heard about the operating system and even the database, Wu Shiqiang realized that the other party hoped to narrow the gap with foreign countries in the entire field of computer software and hardware technology.

Because Microsoft in the operating system field and Oracle in the database field are like two insurmountable mountains, this is not a chasm that China can cross.

In 1999, wouldn't investing in a company that was engaged in operating systems or databases in China be tantamount to taking the money to waste?

Through this period of time with Zhou Xin, Wu Shiqiang knew that the other party had a straightforward style and would not be angry because of his questioning, so he asked: "It is difficult for us to make a profit by investing in operating systems or database companies." ”

Zhou Xin nodded and said: "I know, don't think about making profits when investing in this kind of company, at least for now, it is impossible for these companies to beat Microsoft or Oracle."

It can't even occupy a small segment of the market.

Even Apple has been losing money in recent years, you must know that the Mac system has a history of more than ten years, and what is the market share of the operating system? ”

"Mac OS has less than two percent of the market, and I've been following Apple as a company, and they've been in trouble lately."

"Yes, so the operating system developed by Huaguo can't even survive.

Well, we are partners, we need full mutual trust, and I can tell you more facts.

That is, we are an investment institution, and Xinxing Investment is not an investment institution that belongs to me alone, and I will not only invest my money.

You will be able to raise money for you at Ameriken, and we need a good report card before I can raise enough money in Silicon Valley and Wall Street.

We use these funds to invest in China's Internet companies, and at the same time, we will invest some of them in less profitable areas.

Huaguo's integrated circuit enterprises, although the foundation is weak, but there is still the possibility of making money.

Investments in areas such as operating systems and databases, as well as some industrial software, are purely losing money, but we can have a foundation and cultivate talents in the field of these underlying computer technologies.

Taking the money from Silicon Valley and Wall Street to cultivate talents in the field of Internet and integrated circuits in China is the overall strategic plan of Xinxing Investment. ”

Zhou Xin never thought that he could achieve a breakthrough in the entire semiconductor industry by himself.

The persona he built at American and the emerging investments were all about raising money in Silicon Valley and Wall Street.

Originally, overseas capital would have invested in China's Internet companies on a large scale, and these investment institutions have eaten a lot of money in the 20 years of China's Internet boom.

At present, while emerging capital has taken away a part of this cake, it has divided some of it into the field of integrated circuits and computer basic technology, which has lowered the yield of the entire fund.

For example, before Silicon Valley and Wall Street, all the money was invested in Internet companies in China, and the average rate of return can be 20% if you calculate the yield of all this money.

With the addition of emerging capital, the overall rate of return of these funds is only 10%, and the other 10% is invested in the field of integrated circuits and computer basic technology, so as to cultivate talents and accumulate energy for Huaguo.

As for the key technology nodes, such as lithography machines, EDA design software, semiconductor materials, etc.

Wu Shiqiang became even more excited after listening to it, coming to Ameriken is forced by life, and everyone hopes that they can have a better life.

This does not mean that he does not want Huaguo to become better, and Wu Shiqiang is not clear how much Zhou's design can bring to Huaguo's integrated circuit and computer technology fields.

One thing is for sure, and that is that this will definitely be a benign change.