my fintech empire.

Chapter 570 [Qin Feng's visit]

Once the weekend weekend is over, it will be Monday, December 3th.

In the A-share market today, the index opened slightly higher and then fluctuated all the way down, but the ST sector and the shell resource concept sector took off in various ways at the opening, and were sought after by funds.

Therefore, today's big A market has left many stockholders speechless, especially the stockholders of the price investment group.

Good stocks are falling, but a bunch of junk stocks with poor performance are all red.

What is this called!

However, this is not surprising. The biggest logic behind the take-off of the ST sector and the shell resource concept sector today is that it was stimulated by the backdoor listing of five major subsidiaries of Qunxing Capital during weekends and weekends.

You don’t know if you don’t look for it. When you look for it, you are shocked. Investors found that Qunxing Capital, a super giant, has invested in 2000 companies in the past few years. This number is really scary.

Most of these companies have died, but there are still more than [-] companies that have received Series C financing.

And Qunxing Capital has recently backdoored five companies to land in Big A, which is obviously accelerating the listing plan of its subsidiaries. Even if 300% of the more than 20 companies that have passed the C round of financing are going to go public, that is too much. Sixty or seventy.

Coupled with the trend of Qunxingxi's subsidiary after its listing, Weibo has increased by more than 35 times, Yixing Video has increased by more than 37 times, and ATL has also increased by seven or eight times.

Expectations are too strong.

Those shell resource concepts and the value of ST's junk stocks have been injected with strong expectations. Once they are "turned over" by Qunxing Capital, it will turn from a pheasant into a phoenix in seconds, and the stock price will skyrocket several times or even ten times.

Because of this, these junk stocks are now sought after by funds and continue to rise all the way.

It’s a bet that you can be “flipped” by Qunxing Capital, come here to ambush first, and take off vertically on the spot if the bet is right. If you bet on one or two treasures, the probability of picking up the treasure is small, so bet separately, and bet more , the probability will come up.

Such as Yixing Video's crazy increase, even if you bet on 29 stocks, even if the market value of the other 29 stocks returns to zero, as long as you catch Yixing Video, you can not only reduce the losses of the other [-] stocks, but also make up for it. , and make a lot of money.

This has caused the junk stocks in the ST sector and the shell resource concept sector to take off across the board today, setting off a wave of daily limit.

……

In the afternoon, stay in the villa quietly.

A luxury car drove to the entrance of the villa, and the person who got out of the back seat was a young man, who was Qin Feng, the head of Xingyu Technology.

Hu Taomei came to the outside of the villa and opened the door, leading Qin Feng into the living room on the first floor of the villa.

After a while, Qin Feng, who was sitting alone on the sofa in the living room, saw Fang Hong coming down from the second floor. He came to the sofa in the living room, sat down on one of the single sofas, looked at Qin Feng and said succinctly: "whats the matter?"

Generally speaking, there is no major matter at Xingyu Technology, and Qin Feng will not come to him.

At this time, Qin Feng said: "It's mainly about the chip semiconductor, and Apple's entry into the Greater China market this year."

Fang Hong immediately said: "What happened to the chip semiconductor?"

Qin Feng replied in a deep voice: "The problem of domestic substitution, the upstream and downstream industrial chains can't keep up with the progress of Xingyu Technology, which makes our domestic alternative solution strategy fall into a very passive situation, and it is very uncomfortable. Xingyu Technology mainly makes chips. Design, but other links such as photolithography, etching, glue coating and development, etc. can’t keep up, so we can’t let Xingyu take over the entire chip industry chain?”

It is obvious that Qin Feng is here to complain, and wants his father, Qunxing Capital, to accelerate the promotion of domestic alternatives for the entire semiconductor industry chain. Although he is still working on it, the high-tech super industrial park in the western suburbs of the new city has been completed, and a large number of high-tech enterprises It is also stationed, especially for semiconductors.

However, this is not enough.

Qin Feng looked at Fang Hong and said in a solemn tone: "As the saying goes, if you shoot the first bird, people are afraid of being famous and the pigs are afraid of being strong. The company's smartphones have many things that cannot be separated from foreign countries, especially chips. , I am now very worried about foreign chips from Xingyu Technology."

Fang Hong was quite surprised. Qin Feng's judgment was very sharp and forward-looking, but he said calmly, "The chip is stuck? Why do you see it?"

Hearing this, Qin Feng analyzed: "This year is the year when Xingyu Technology and Apple will face the competition directly. I am not afraid of the competition on the table, but I am afraid of the opponent's insidious tricks such as teasing the legs and sprinkling lime powder. My conclusion Yes, no matter what, Apple can’t make it up in the Greater China market.”

Fang Hongyan said succinctly: "Go on, let's start."

Qin Feng said in an orderly manner: "I made a deduction myself. Assuming that I am the head of Apple and enter the Greater China market this year, it would be best if I can directly grab the market share of Xingyu Technology through the competition of the product itself. , but if I can’t grab it and I can’t compete, I can’t let it go in such a big market, I will definitely go to K Street to lobby Washington, cut off the supply of Xingyu Technology’s chips, and directly seal my throat with a sword.”

In a market with such a huge population, Xingyu Technology has already achieved an annual sales volume of 3000 to [-] million units, and it is still growing at a high speed. This market is still in an incremental state, and it will be even more unimaginable in the next few years.

Qin Feng went on to say: "As long as Xingyu Technology's chip supply is cut off, new products will be impossible to come out, and Apple will be able to eat up the blank market left behind. Taking another step back, if it doesn't happen For these things, Apple’s products have come in and are very popular, and if we want to complete the domestic substitution of chip semiconductors, we must not let foreign companies dominate our market.”

At this moment, hearing what Qin Feng said, Fang Hong only felt two words, don't worry!

Under his control, Xingyu Technology can really sleep with peace of mind, and there is no need to worry too much at all, but Fang Hong still said calmly: "How do you say that?"

Qin Feng explained clearly: "It is becoming more and more difficult to amortize the cost of chips and semiconductors. In the past, a segmented field could allow multiple companies to survive, and the R&D costs of each company could be amortized, but in Under Moore's Law, there are fewer and fewer companies that can amortize R&D costs, such as lithography machines, the global market can only allow Asmore to survive, and there are too many companies that cannot survive."

The reason is simple, that is, R&D costs are getting higher and higher, so a huge market is needed to amortize R&D costs.

After a pause, Qin Feng looked at Fang Hong and said, "Let's put it this way, what would happen if Xingyu Technology's annual sales of 3000 to [-] million mobile phones become the sales of Apple's iPhone series? That would mean a huge spread. Apple's research and development costs are offset, and there are more profits to support him to develop more advanced chips, so as to continue to lead the market."

"Our country is such a huge market, the economy is developing at a high speed, and the largest middle-class group will be born in the future. Based on our population base, the expected increase in future market users can be said to be of the same order of magnitude as all developed countries in the world. For a technology-intensive industry such as smartphones, you can imagine how much the amortization of the cost of owning this market will be.”

Immediately afterwards, Qin Feng added: "This is the case with Apple, and the logic of the entire chip semiconductor industry is also the same. my country's imports of chips consume almost the same amount of foreign exchange as imports of oil, and it may even exceed oil imports in the future. quantity."

Speaking of this, Qin Feng sighed: "I don't know how much cost foreign chip semiconductor companies have amortized relying on the Greater China market. This should have been left to our own semiconductor companies. The most important thing is that it will lead to domestic substitution forever. Even if we can’t catch up, we are trying our best to catch up, but our market has been helping our opponents to amortize their research and development costs.”

"Under Moore's Law, the replacement of opponents is accelerated. You have finally caught up with this generation. The performance of their new products is two generations ahead of yours. How do you play this? It can be said that as long as Moore's Law does not fail, we may never be able to catch up. superior."

Qin Feng finally said firmly: "If we want to achieve domestic substitution, we cannot allow foreign semiconductor companies, including Apple, to have such a large sales volume in our market. If the sales volume does not increase, their cost amortization will be inhibited, and it is difficult to amortize. After that, the R&D speed of the opponent will inevitably slow down, so that we can catch up and realize the real gap narrowing or even catching up."

……

(End of this chapter)