Author: Banlou Yaofeng

BYD's semiconductor business started in 2005, but there was no progress until 2008. The main reason was the lack of key talents. Unlike the founder of Jiaxing Star, who had worked for Infineon and was familiar with this industry.

Boatman Brother is similar to Qu Li at this time. They both think this thing is important and must invest in it. The difference is that Qu Li is not an engineer and does not have the confidence of Boatman Brother.

"The financial crisis will spread to the world, and BYD will have the opportunity to recruit high-end semiconductor talents around the world..." Qu Li gave an opinion to Boatman Brother

"We have been cultivating talents..."

Well, Qu Li knew it was useless. This time he cooperated with BYD in semiconductors, but these assets were difficult to value and could even be said to be worthless because he couldn't make a penny, so he simply bought shares in BYD.

Although the price for Qu Li's investment in BYD would be lower if he waited a few months, his purpose was not to make money but to help BYD grow, so he didn't choose the time.

The plan designed by BYD is to issue 50 million additional shares in a targeted manner. Qu Li has the right to increase his holdings in the market by 50 million shares, up to a maximum of 100 million shares. Based on BYD's current total share capital of 2.025 billion, this is equivalent to Qu Li's shareholding in BYD.

The proportion cannot exceed 5%.

The Vision Fund invested and Xiangjiang Investment participated in BYD's private placement. The price was set at HK$10 in subsequent negotiations. 50 million shares would have to be paid HK$500 million and locked for 18 months, which was converted into SoftMei coins in June 2008.

About 440 million yuan.

A few months later, the price for Buffett's investment in BYD was HK$8. Of course, Qu Li couldn't compete with Buffett at this time. He could drive many investment institutions to enter the market, directly raising BYD's stock price from HK$9 at the time to HK$14 in one year.

Later it rose to HK$70.

In any case, it is very worthwhile to invest in BYD at this time. Participating in BYD's private placement has made the previously unknown Xiangjiang Investment appear in the domestic investment arena in a very unexpected way.

Sun Jianhe returned to China and contacted Spreadtrum CEO Wu Ping through Dr. Chen, and then Deng Feng from Northern Light Venture Capital made an appointment with Qu Li.

Deng Feng is known as one of the five most successful Chinese entrepreneurs in Silicon Valley. Netscreen, which he founded with his friends, was acquired by Cisco for US$4 billion. In 2005, he returned to China and founded Northern Lights, which invested in Spreadtrum. It seems that he has not withdrawn yet.

Although Qu Li grew up relying on venture capital, he has not dealt with too many venture capitals. He has never met venture capital investors who could not provide him with other resources besides money, and he has not listened to the successful experiences of others in entrepreneurship, so Northern Lights has always been excluded by him.

outer.

"Do you really want to acquire Spreadtrum?" Deng Feng rarely met Qu Li and got straight to the point.

"yes!"

Hearing this answer, Deng Feng was quite shocked. A junior high school student didn't understand the Internet or mobile phones, but he succeeded in these two industries. This time he was involved in semiconductor chip design, which was really unreasonable.

"Glory can cooperate with Spreadtrum if it wants baseband chips. There is no need..."

"Spreadtrum will be crushed by your capital anyway, leaving me with a niche to focus on making good products, and maybe even create miracles."

"..." One sentence choked Deng Feng speechless. There was serious internal strife after Spreadtrum went public, otherwise Dr. Chen would not have resigned so early. Not to mention that after all companies go public, there will be large-scale departures of the founder team, just like Jumei went public.

Afterwards, not only did there not be a wave of resignations, but staff cohesion became stronger.

"Your purpose of acquiring Spreadtrum is just for baseband chips?"

"No, it's the SOC chip of the smartphone, which can realize the baseband of the entire network."

"You may not know that only Qualcomm and VIA can provide..."

"Are you questioning our information investigation capabilities? I also know that VIA's CDMA baseband is a junk product, and Goldman Sachs is the only choice in the market."

"That……"

"We have our own plan. First, let Spreadtrum develop mobile phone SOC chips based on ARM architecture, integrate TD and WCDMA baseband, and reduce power consumption to a minimum..."

"Then let's not talk about this. I heard that you asked Chen Tong to help you set up a chip company. He has done a lot of research on the domestic semiconductor chip industry. Are you so interested in the semiconductor industry?"

"It's not that I'm interested, it's that the direction I'm going forward is inseparable from semiconductor chip design. Although the most advanced technology can be purchased directly from overseas, some things cannot be bought. I think it is necessary to do early planning."

"what are you up to?"

"..."

"I might be able to help."

"My ultimate goal is to make a self-driving car, but unlike Google, I want to build a product that integrates driving records, map navigation, danger warning, cruise control, automatic parking and other functions in one step..."

"Let's do it together!" Deng Feng didn't wait for Qu Li to finish.

"ah……"

"Don't think about it, I don't know how long it will take to realize a product like this, let alone what the market is like and whether it can be profitable."

"But such a product sounds very attractive. I understand the technology and you understand the market. We are not short of money and the probability of success is very high!"

"Can you help me find a suitable development team? This company must be a low-wage, high-equity model. High-level experts are hard to find!"

"This is about finding people to start a business. I have many friends in Silicon Valley, including talents in chip design. During the financial crisis, many people are interested in returning to China for development..." Deng Feng

"You no longer think about it, this is a long-term project, and it may be difficult to exit in 10 years."

"What if, I invest my own money."

"Cannot withdraw capital within 5 years!" Qu Li thought that 5 years would be enough time for Glory to go public.

"No problem!" Deng Feng didn't even know why he was so decisive.

"Then I wish us a happy cooperation!" Qu Li agreed to Deng Feng after hesitating for a while. He couldn't do everything by himself.

"Happy cooperation!" Deng Feng reached out and shook Qu Li's hand. Sometimes the domestic circle is very big, sometimes it is very small.

Although both parties cooperate and neither participates in the operation of the company, the shares cannot be divided equally.

"There must be someone who can make the decision. Even if we go astray, it is better than not being able to go at all."

"I think so too!" Chen Tonghui became a partner of this advanced driving assistance company, and he was responsible for establishing the team. The distribution of shares was positively related to the capabilities of the team members, but Qu Li promised no less than 10 million U.S. dollars or 100 million software

Sister coin.

Although the advanced driving assistance system is complex, Quli still splits it into a driving recorder, map navigation, and finally the assisted driving module, which definitely requires a dedicated chip. The development direction is the same as that of the current industry leader Mobileye. However, the early development of the two companies is

The difference is that Quli's products can be purchased directly by consumers, while Mobileye must have in-depth cooperation with car companies.

"What is the name of our company?"

"How is Simon?"

"Compass, Simon, compass, navigation, guidance, Simon is very good."

"Then call me Simon!"
Chapter completed!