Li Miaomiao smoothed back her fallen bangs, her bright eyes shining under the crystal lamp:

"Destiny is magical and unpredictable. When I chose Zheng Li at the one-week couples event at Jiangcheng University, I never thought that so many things would happen. After meeting him, I felt as if my life had been put on an accelerator."

Li Shuyao looked at the other party: "Well, I just feel that the gap in our social status in two years has become too big to make up. The ancients said that one fate, two luck and three feng shui, four accumulation of yin virtue and five study, do make some sense."

"Individual struggle is too small in the face of the hand of fate."

"I'll probably go to CICC. Once I gain some experience, if you want to start an investment company, see if there are any opportunities for me."

Li Miaomiao said: "Cheng Gang, do you know?"

Li Shuyao: "I know, your general manager, he was at Shunwei Capital before. When the people at CICC Investment Bank mentioned him, they said he had great luck."

"If we had known that Kechuang Biotech would be what it is today, he would never have had this position."

"That is to say, Zheng Li doesn't like to mess with things, so he hid in the Lion City early, otherwise all kinds of people with ideas would come to Zheng Li and annoy him to death."

Li Miaomiao smiled when the other party mentioned Zheng Li: "Zheng Li will definitely not meet those people. Cheng Gang wants to set up his own venture capital company."

"Specializes in angel investment in the biomedical industry. If you are interested, I can help you connect."

"In addition, Lei Jun's Shunwei Capital currently has no person in charge of investments in the biomedical field. It was Cheng Gang before. If you are interested, I can help you ask."

Li Miaomiao thinks about her sister very much.

Li Shuyao shook her head: "Forget it, how much money does Cheng Gang's venture capital company have to invest? It's not worthwhile for you to owe him this favor."

"You'd better not have any interests involved with Cheng Gang. Zheng Li will feel uneasy if you have interests involved."

"Forget it about Shunwei Capital. I've gone to the two companies you mentioned and I think Cheng Gang can give me a mid-level position. Shunwei Capital will definitely start from the research institute."

"It won't be of much help to my career. After I graduate from graduate school, I will most likely go to CICC or a foreign investment bank."

"First accumulate some experience and then see if there are any opportunities. Having you as my sister is my best connection hahahaha."

"Where do you plan to use the RMB 40 billion raised from this listing?"

"Whether it's the endorphin second-phase production base or a large-scale experiment on brain-computer connection, it shouldn't cost so much, right?"

Li Miaomiao sighed: "We plan to develop our own brain-computer connection chip, and we are currently in the early research stage."

"The brain-computer connection chip we are using now is fine-tuned to standard chips, and it is difficult to make progress to this level."

"Have you ever used a brain-computer to connect to a mobile phone?"

Li Shuyao: "The rice mix4 I have now was given to me by you! Of course I have used it."

Li Miaomiao continued: "You should also have discovered that the current brain-computer connection can only realize the function of clicking the screen. Functions such as controlling the volume and turning on and off cannot be realized."

"When you are walking, the brain-computer connection cannot function. It has many limiting factors."

"Not to mention realizing the metaverse mentioned by the media. If you want to control VR equipment through brain-computer connection, standard chips are far from enough."

The brain has about 100 billion neurons, each neuron is connected to 100,000 similar neurons, and each neuron has a different firing pattern, different coding methods, and different information processing methods.

"We plan to enter the semiconductor industry. Since 2017, everyone in the semiconductor industry has gradually learned that semiconductors are really expensive."

As an intern at CICC, Li Shuyao has also read CICC’s internal research report on the semiconductor industry:

"What kind of chip are you planning to make? It should be an ordinary MCU, not an AI computing chip."

Li Miaomiao was a little surprised: "Do you still know the difference between MCU and AI computing chip?"

MCU is what we commonly call a chip. Its full name is Mitroller Unit (Micro Control Unit). MCU is equivalent to integrating a series of things such as CPU, memory, PLC, etc. into one chip.

The AI ​​computing power chip is a module that specializes in processing a large number of computing tasks in artificial intelligence applications. It is narrower in definition than MCU and has a simpler function.

Li Shuyao nodded: "After all, I have been an intern at CICC for so long, and I still have a certain understanding of the semiconductor industry."

"MCU is okay. The MCU industry has been relatively mature over the years. Although there are few domestic related talents, there are still some."

"But it's a bit difficult to recruit people for AI chips. There are very few talents in this field in China, and they are basically all in a few big manufacturers."

"But Kechuang Biotech is considered a big company. If you want to poach people, you can still poach them as long as the price you pay is high enough."

Li Miaomiao explained: "We have to make both MCU and AI computing chips."

"In the short term, it is only for brain-computer connection applications on mobile phones and medical devices. Conventional MCU customized development is sufficient."

"But considering the long term, if we want to develop in the direction of virtual reality, AI chips must start accumulating now."

"Technical rehearsals start long in advance."

Li Shuyao applauded: "Good ambition! Good idea!"

Li Miaomiao was helpless:

"Technology research and development is a painful and powerless process, especially when you are at the forefront of the technology."

"Now that I see that the budgets are all big, I finally understand why domestic companies are unwilling to invest more in research and development and do basic innovation."

"The investment in cutting-edge R&D is too high. We need to build the structure of a semiconductor company in the fourth quarter of this year. We estimate that it will cost 1 billion RMB just to recruit people."

The salary of a regular MCU engineer with certain work experience is more than 300,000 yuan, the salary of a senior architect is 1.5 million yuan, and the salary of a master-level architect is at least 2 million yuan.

The salary here is just the minimum stated, and it may actually be higher.

The good thing is that science and technology companies are now considered giants in the industry and are at the forefront of the field of brain-computer connection, so they don’t need to pay too much of a premium.

If it is a chip start-up company and the founder does not have strong background endorsement, the premium may be 50% to 100%.

As for AI chip engineers, they are even more expensive. Senior engineers with a little experience cost one million less.

In terms of chips, the state has also taken the lead in investing money in recent years, otherwise most companies would not be able to survive.

Li Miaomiao continued: "One billion is just to build the framework. It is expected that 10 billion will be spent next year, and basically all the patent licensing fees for brain-computer connection will be invested next year."

"As the person in charge of finance, I feel heartbroken when I look at the amount in the budget."

There are very few domestic companies that can burn money to make chips. Apart from specialized semiconductor companies, the only companies that can persist are Huawei, Qiandu, Ali, and Goose Factory.

It’s not that the giants really can’t afford it.

Li Shuyao reminded:

"Eleven billion sounds like a lot. Burn a quarter of your 40 billion raised funds, but if you are willing to use brain-computer connection chips to set up a company."

"It's not a problem for this company to introduce external capital investment, and with Zheng Li's industry status, it can easily attract 2 billion yuan." "Do you know Qiandu's Kunlun chip? The first AI chip in China, announced in 2018.

Research and development, using Samsung’s 14nm process.”

"It has been more than three years now, and the output is less than 30,000 pieces. Most of them are bought by Qiandu themselves and used in their Apollo self-driving cars."

"Kunlun chips are said to be AI chips, but in fact the biggest application scenario is in autonomous driving."

"If Qiandu doesn't build its own car, is it possible to rely on the data accumulated by Qiandu Maps to complete corner overtaking in the field of automatic posture?"

"If they want to develop self-driving chips, can they beat Tesla? Let alone Tesla, the new domestic car-making force Qiandu may not be able to beat it."

"But even so, Qiandu's Kunlun chip was used to establish a separate company. The financing completed in March this year was valued at 2 billion yuan."

"You really pulled out the brain-computer connection chip to raise funds, and raised so much money casually."

Qiandu has been having a hard time in the past few years. The mobile Internet has not caught up, and it is becoming increasingly difficult to do business on the PC side.

The rise of private domain traffic has weakened Qiandu's function as a traffic portal.

Qiandu hopes to overtake others in the field of autonomous driving and artificial intelligence, and they have invested huge amounts of money in this field.

Li Shuyao saw many similar cases during her internship at CICC. She was familiar with recent capital operation cases in the market: "Qiandu's Kunlun investor includes IDG Capital."

"If you want to invest, Shunwei Capital, IDG, Temasek, and Goldman Sachs will all be willing to invest, but BoCom International may not."

Li Miaomiao's position determines that she can see at a higher level than Li Shuyao:

"We can still afford to burn 10 billion RMB ourselves."

"Qiandu will take out Kunlun because their chips have no source of income. In recent years, Qiandu has been worse than every year."

“It’s a bit incapable of trying to burn out AI chips that can be promoted on a large scale by ourselves.”

"Do you think Goose Factory, Huawei, and Ali will take out chip companies to introduce external investment?"

"Will Huawei's Kunpeng and Ahli's Pingtou brother provide financing?"

Pingtou Ge is a wholly-owned subsidiary of Ali Damo Academy.

"If one day Kechuang Biotech takes out semiconductor companies for financing, then we must have encountered great difficulties."

"Nowadays, it is possible to support a chip company just by licensing patents for brain-computer connection."

“When the English department’s brain-computer connection technology is developed, we will even be able to support two schools.”

Li Miaomiao's tone was full of money.

There was only one word in Li Shuyao's eyes: envy.

"There is no humanity in the trenches. No wonder it is said that monopoly business is the best thing to do."

"During our internal discussions, we all said that if you are willing to do some customized development in the field of brain-computer connection, the valuation can be higher and the revenue can be higher."

Li Miaomiao doesn’t understand what customized development is.

"Customized development?"
To be continued...