Hong Kong Island's New Rich Era

Chapter 81 North American R&D Center
Digital cameras are now like electric cars in the past, with new technologies emerging one after another and various performances being gradually improved over time. In contrast, fuel vehicles have no room for improvement.

I just don’t know whether electric cars have replaced fuel cars in the future, anyway, it hadn’t been realized before Liu Zhicheng traveled through time. But he knows that digital cameras have replaced film cameras.

In fact, it is inevitable that digital cameras will replace film cameras. Although digital cameras are rubbish now, as long as we continue to invest in research and development, we will definitely be able to solve the problem, because in theory, there is almost no upper limit to the clarity.

Steven Sassen stared at Liu Zhicheng and asked, "This research and development work may take a long time, consume a lot of research and development funds, and may not necessarily see benefits. Mr. Liu, don't you care?"

"You can rest assured about this. I will continue to invest in research and development, not only to reserve digital technology, but I also believe that digital cameras will definitely replace film in the future." Liu Zhicheng nodded and said.

Researching digital cameras is actually researching digital photography technology. For example, when mobile phones entered the era of feature phones in the past, digital camera photography technology was used and became a must-have configuration. In the era of smart phones, it goes without saying.

If I can master this technology, not to mention making mobile phones, even if I sell digital photography technology, I will make a lot of money.

In another huge security market, all kinds of cameras also come from digital technology. In the past, when walking on the road, you can see all kinds of cameras everywhere, so you can imagine how big the market is.

Facial recognition, mobile phone face scanning, and artificial intelligence all rely on digital photography technology.

Therefore, investing millions of US dollars a year in research and development funds and building up digital technology reserves in order to win the future is a worthwhile deal.

Of course, the digital camera market will not give up easily. In the past, it started to explode in the European and American markets after 85. With the maturity of computer technology, the photos on digital cameras can be uploaded, which provides wings for the rapid development of digital cameras.

"Then if our team switches to Mr. Liu, how much R&D funding can we get every year?" Steven Shassen asked again.

"I can invest no less than five million US dollars in your team every year. If there are special expenses, you can apply for it separately." Liu Zhicheng agreed generously.

Liu Zhicheng knew that these high-tech technologies would not be able to achieve results without heavy investment, so he made these promises.

Of course, the courage that gave him the courage to make such a promise came from the excess profits brought by Orange Technology's arcade machines and Hong Kong Real Estate. With the future rate of making money, spending several million dollars a year would be nothing.

Ten years later, when digital photography technology was available, the development of digital cameras brought in huge profits.

"Then does my team need to go to Hong Kong?" asked Steve Shassen.

"No need. You can stay in the United States. You can choose a place, buy the property, and set up a research and development center. I will only assign one person to oversee the finances."

"Of course, I will send some young engineers from Hong Kong to work with you and help you with some of the most basic work, but it will definitely not affect your research and development work."

The purpose of Liu Zhicheng doing this is to train a group of talents as a reserve for Hong Kong's R&D center, and also to leave a way out for himself.

Hong Kong’s high labor costs do not have much impact on the rate of return in the high-tech field. On the contrary, talent is more important.

Liu Zhicheng never thought of monopolizing the market, but only wanted to get a share in the future, especially when RB had accumulated some original patents at this time. It would be most important if Juzi Technology could obtain patented technologies in various fields as soon as possible, and use its own patented technologies to secure a part of the market.

As a Chinese, in an environment where the United States is the only dominant player, it is impossible to use technological means to monopolize the market in the future. It is enough to become one of the players.

If one is really greedy and wants to unify the world, he will definitely be targeted by all kinds of people, and in the end he will only be making things difficult for them.

As a Chinese, the core competitiveness of Orange Technology will always be in Asia. Only by relying on the mainland and establishing a foothold in Hong Kong can we succeed.

Liu Zhicheng learned from Steven Sassen that the technical patents he had previously invented all belonged to Kodak.

"Can we buy Kodak's digital camera technology patents?" Liu Zhicheng asked after thinking for a while.

"I don't think it will work. Kodak is not short of money, and it has been hiding its digital camera technology to protect its film cameras. It doesn't even develop digital camera technology itself, let alone transfer it to others." Steven Sasson shook his head helplessly.

"Well, forget it. We have just started anyway, so we can just study it again." Liu Zhicheng said.

In the field of digital cameras, there is currently no global leader. Everyone starts from the same starting line, and the competition is based on R&D investment, confidence in this industry, and related technical reserves.

Apart from being full of confidence in the future of this industry, Liu Zhicheng is absolutely weak in other aspects, so he is eager for Steven Sassen, a technical expert, to join.

As for other reasons, Liu Zhicheng does not need to think too much about it for the time being. The digital camera industry has never risen in the United States, so there is naturally no need to worry about being "targeted" now.

Steven Sassen saw Liu Zhicheng's confidence in digital cameras and his determination to invest. He knew there was no better boss than Liu Zhicheng, so he said contentedly, "Okay, then I accept Mr. Liu's invitation."

"On behalf of Orange Technology, I welcome Mr. Shasen to join us and hope that our dream can be realized soon. Your team's salary will be increased by half based on Kodak's previous salary. I hope we can have a pleasant cooperation."

Liu Zhicheng couldn't just give them candy, he also had to paint a rosy picture for them. Thinking of this, he smiled and said, "As long as you can develop the corresponding technology and products, I guarantee that everyone of you can become a millionaire."

A million-dollar reward or option is just a drop in the bucket for Orange Technology, which has made huge profits in the arcade market.

Being able to grab a large number of patents for digital technology is what is more important. As a technology company, Orange Technology’s research and development in the field of technology is the foundation of the company.

As a "prophet", Liu Zhicheng only knows the general direction of future development. It is unrealistic to ask him to engage in research and development, and he cannot develop anything. The only correct way is to invest in talents in various fields.

Of course, Hong Kong’s R&D center will continue to increase its R&D investment, digest scientific and technological advances from around the world, and transform them into productivity.

"Thank you, Mr. Liu. It's a pleasure working with you." Steven Sassen said with a smile.

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(End of this chapter)