As a mage, I just want to pursue the truth

Chapter 385 Bio-Photovoltaics 2
"We need to realize that there is no absolute superiority or inferiority in the technical route.

Even if Lion City's bio-photovoltaic technology has an advantage in all technical indicators, it does not mean that we have to give up our country's photovoltaic industry.

Previously, foreign countries had comprehensive advantages in the semiconductor field, from cost to technical indicators to the degree of adaptation of the entire industrial chain, which was superior to Huaguo in an all-round way.

Huaguo has never given up its support for domestic semiconductor companies, although the support for these companies was not enough before 2018.

Let them be in a half-dead stage, but never give up their own industry just because other countries' products are good.

Because the relevant considerations are based on the strategic security level.

I can see that most of you have experienced the wave of localization of the semiconductor industry chain more than ten years ago. "

"Professor Zhu is right.

For us, it doesn't make sense for companies to survive on policies.

Although he survived, neither profit nor revenue is within the scope of our investment considerations.

Not to mention relying solely on policies, only leading companies can survive.

Small and medium-sized enterprises, especially those enterprises that have watched the photovoltaic industry boom before and launched a large number of related industrial chains, but do not have technological and market advantages, are estimated to be unable to survive this year. "

"I understand your idea.

Such surviving enterprises have no investment value. "

"Yes, just like Tsinghua Unigroup, if they didn't acquire H3C, even if the other party is a school-owned enterprise of Shuimu University, we would not consider investing in a company of Tsinghua Unigroup.

First, they acquired H3C, and later caught up with the wave of localization of semiconductors, so that it can become the object of capital attention.

If it weren't for the superposition of the two factors, Ziguang Guowei, a subsidiary of Ziguang Group, would not be the first semiconductor company to soar. "

In the bull market in 2020, Ziguang Guowei was the first to start among semiconductor companies. Ziguang Guowei moved together with the brokerage sector, a week earlier than other semiconductor companies.

Professor Zhu nodded, and after thinking for a moment, he said:
"Going back to my previous sentence, there is no distinction between good and bad technical routes.

In other words, there is no absolute distinction between good and bad.

It’s just that from an economic point of view, the technical routes with advantages in the early stage will be supported, while the technical routes without advantages will disappear soon if there is no additional resource investment.

Resources are limited, and money is the amplifier of scientific research.

But in fact, some technical routes with less investment in the early stage and quick results may not be able to maintain this advantage in the later stage.

For example, silicon-based chips have developed rapidly in the early stage, and technology has developed so rapidly that there is a special Moore's Law.

Costs double every two years while prices are cut in half.

From the point of view at that time, what an advantageous technical route this is.

According to the development of the technical route, the performance of the computer will become more and more advantageous.

You said how could someone invest in biological computers?
Except for some research of a scientific nature.

For enterprises, biological computers have no advantages in terms of performance or cost.

But from the perspective of biological storage and the recently emerging virtual reality devices, biological computers seem to be a technical route with a higher upper limit.

Traditional silicon-based chips have reached the current precision, and Moore's Law has expired.

But can you blame the person who chose the carbon-based chip technology route at that time?

Can academia and industry be blamed for not pouring more money into carbon-based chips?

No, because from the perspective of the time, no one would be willing to invest heavily in the research and development of carbon-based chips.

You may invest 1000 billion yuan without seeing substantial technological progress. "

The transistors on the chip are getting smaller and more, and the temperature and leakage make the development of silicon-based chips more and more difficult.

In order to break this shackle over the years, chip manufacturers have developed from plane to vertical stacking.

"Professor Zhu, I didn't expect you to know about the chip industry."

"Photovoltaics is also a silicon wafer, and the semiconductor industry is also a silicon wafer.

I somewhat understand. "

"Then do you think Huaguo's companies can really make photonic chips?"

Professor Zhu's eyes are much bigger than usual: "Which company made photonic chips?

Is it a science and technology creature? "

"No, it's another listed company called **chip. It was a laboratory product before, and they made the world's first photonic chip prototype board in 2019.

Recently, it was said that it had made a photonic chip for the personal end, but just after the announcement was made, Kechuang Biology launched a virtual reality device.

But after we researched this company, we felt that it still has investment potential. "

"Sorry I'm not in this field, I don't know much about photonic chips.

Judging from my personal intuition, since it was not launched by Kechuang Biotech, does this product already have a similar product abroad, and then we developed a similar product as a catch-up.

If we are pioneers, we need to be more cautious about the authenticity of things and find more angles to verify. "

The research on photonic chips, American probably started in 2015, and Huaguo Enterprises was about three years behind.

On the eve of the fall of the chip curtain in 18, companies in Huaguo gradually began to do research in this field.

The earliest investors were Baidu Ventures and an American semiconductor investment institution, which jointly invested 1000 million yuan. Later, CICC, Matrix Partners, and Baidu participated in the A round of financing, raising 600 million yuan.

If it weren't for the fall of Xinmu, this company would not have received so much investment.

A total of nearly 20 billion yuan has been raised successively. You must know that SenseTime only raised 20 billion yuan.

The company has been falling since its listing on the Science and Technology Innovation Board. Like SenseTime, its listing peaked.

"The main reason is that this company has products before.

Later, there were also specialized photonic computing processors for the enterprise side, which were specially designed for algorithmic computing in the field of artificial intelligence. "

"It shouldn't be, if there is such a processor, then I should have heard of it in school.

This is still a domestic company.

I often communicate with students in the School of Computer Science, and I still have some understanding of which parts have been localized. "

"Professor Zhu, the main reason is that the photonic chips previously developed by this company are mainly for specific neural network algorithms.

Hundreds of times faster than high-end GPUs only in these specific recurrent neural networks.

But his universality is not high enough.

So it may be used in some specific occasions.

If they can adapt to all occasions and are hundreds of times faster than the mainstream high-end GPUs on the market, then the company's price-to-earnings ratio should be several hundred, not the current less than fifty. "

"Are there similar photonic chips suitable for all scenarios abroad?"

"not yet."

"Then why are they able to produce it before foreign countries.

I do not doubt the level of domestic enterprises.

It's about the chip scam, which is called bragging at best, and I've seen too much of it.

Especially this so-called technological breakthrough, I always question it first.

As far as the development of science and technology, especially the most cutting-edge technological breakthroughs, has never been strongly correlated with money or policies.

rather weak correlation. "

"Yes, Professor Zhu, what you said is very reasonable.

In recent years, places like Yanjing, Shenhai, and Pengcheng have implemented a number of relevant policy packages to promote investment in high-tech industries and promote the development of high-end green and intelligent manufacturing.

What future industrial highlands, industrial clusters around VR and 6G and so on.

One set after another.

As a result, why did Gusu become an industrial highland and an industrial cluster?

Even Gusu's GDP is about to catch up with Shen Hai.

Whether it is new energy, biomedicine, artificial intelligence or VR, a large number of high-tech jobs are concentrated in Gusu.

Can Gusu compare with places like Shenhai in terms of policy advantages?

I didn't believe it before, but this company still has a history of research and development in the field of photonic chips, and it has a long history.

In addition, even the virtual world has come out, and the photonic chip does not seem so mysterious.

After all, this is also an industry with many years of accumulation. "

"I'm not completely dismissing the possibility.

Just saying be cautious. "

"Thanks to Professor Zhu, we may still need to invite more experts in related fields to conduct research in order to obtain more accurate results."

At this time, another fund manager answered: "I don't think they will lie.

After all, it is also a listed company. Although it has been losing money these years, there are big funds holding shares.

They just may have exaggerated part of the truth.

Suitable for all scenes, this may have moisture.

In addition, we don't need to find experts, just ask people from other listed companies in the same industry. "

No matter what era or industry, peers will always be enemies.

"Professor Zhu, we would like to ask you another question, that is, is it possible to reproduce bio-photovoltaic technology?
For example, buy related products, and then reverse engineer specific technologies. "

"I just want to ask you a question. Has any other manufacturer cracked the brain-computer connection technology of Kechuangbiology ten years ago?"

"No.

But this is not because we can't crack it, but because there are technical patents.

Kechuang Bio's solution is the best technical route.

Attempts to circumvent the other party's technical solutions have no way to achieve their effect. "

"What about Kechuang Bio's lithium metal cathode material?
Have you cracked it yet?

It's also technology from ten years ago. "

"That belongs to the fact that the accuracy of the material cannot be achieved."

"As far as these technologies are concerned, I think they belong to Blue Star's previous technology accumulation, and they are within our understanding.

It took us ten years and we haven't reverse engineered it yet.

Like bio-photovoltaic technology, a technical route that only experts have heard of, why do you think it can be reversed?
From my knowledge, I never thought that commercially available bio-photovoltaics could be realized within ten years.

Not to mention to seize the traditional photovoltaic market.

It is mostly used as a green embellishment or decoration in the homes of high-end people.

As a large-scale energy solution, there are too many technical constraints. "

In the past ten years, Huaguo has caught up with foreign countries in many fields.

For example, traditional silicon-based chips have been able to achieve domestic production of the entire 14nm industry chain.

For Huaguo, meeting this goal is already a strategic victory in the Silicon Curtain.

American has launched a blockade against China in high-tech industries such as semiconductors, and at the same time does not reject continuing cooperation with China in the economic field.

The confrontation of this new situation has been likened by the media to a silicon curtain, trying to lock the upper limit of Huaguo's development in the field of silicon-based chips.

However, when the technical route is determined, the role of money as a resource amplifier can be maximized, combined with the massive supply of researchers, the time for Huaguo to break through the 14nm blockade is earlier than expected by the industry.

The industry's expectation is 15 years, but it has actually been achieved in ten years.

要知道2020年的时候申海微电子的28nm光刻机屡屡跳票，当时说2021年交付，后来变成2022年，结果在2022年又推迟到了2023年的上半年。

After delivery, the yield rate is limited and there are a lot of problems.

Moreover, the lithography machines produced by Shenhai Optoelectronics are not domestically produced, and many of them still rely on the supply of high-end materials from Neon.

As a result, in just seven years, Huaguo achieved the national production of 14nm chips.

It was a huge shock for American. At that time, American seriously suspected that an insider had leaked their technical information.

So much so that a new wave of McKinseyism has emerged within American.

Under such circumstances, it is even more impossible for Luo Shu to return to China.

In the middle, American even rejected all foreign students in the field of science and engineering in Huaguo.

You must know that even for international students in science and engineering, many master's programs are simply set up to generate income for the university.

What they earn is the money of overseas students from Huaguo.

After these students were banned from going to American, the largest flow of students was England.

It is also thanks to American who gave England a piece of cake in the education industry, otherwise London, which lost its international financial business, would directly go bankrupt and reorganize the government.

"There is another thing I would like to trouble everyone with. My son graduated from graduate school this year, and he has always wanted to work in the financial industry.

He himself was also a undergraduate and master of finance major in Guanghua School of Management. Can you provide some internship positions for my son.

As for whether there is a chance to become a regular in the future, it depends on his ability. "

Although Professor Zhu is a professor, he is not an academician after all, and his resources are still limited.

At the same time, the financial industry has been sluggish in recent years, and the market is short of money, which has led to a particularly high employment rate in the financial industry.

For a family like Professor Zhu who cannot provide direct monetization resources, even if his son graduated from Guanghua, it is difficult to find a department of the same level as before.

At this time, internship experience is very important.

Among the fund managers present, they were all domestic first-tier private equity institutions, and it was for this purpose that Professor Zhu accepted the other party's invitation.

However, Professor Zhu only hoped that his son would go for an internship and eventually get a job. He still hoped to be able to go to the core department of CICC headquarters.

"It's easy to say, you can send me a copy of your son's resume through WeChat later, and let us deal with it when I get back.

Internship trivia.

In the future, if your young master wants to become a full-time employee, that's up to you. "

　The group exploded, my account was banned, and I will create a new group to inform everyone after the ban is unblocked.

　　
　
(End of this chapter)