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He doesn't know technology, but he has made 4.7 billion chips.
If you really have a chance to change an industry, try it even if you lose everything.
If an entrepreneur from a non-industry background tells you that he wants to make a GPU chip to catch up with NVIDIA, he only prepares PPT. As an investor, how would you choose? Zhang Wen is such a non-industry entrepreneur. He holds a doctorate in law from Harvard University and has rich management experience. In his early years, he was a senior investor in the pan-Asian market of Wall Street. 20 1 1, Zhang Rujing, the founder of SMIC, founded Yingrui Optoelectronic Technology Company again, and Zhang Wen was invited to be the CEO of the company. On 20 18, Zhang Wen served as the president of Shangtang Technology and led the headquarters of Shangtang Technology to land in Shanghai. However, when 20 19 decided to establish Bijie technology, from the outside world, Zhang Wen was still a layman in the field of GPU (graphics processor) and had no industry background. 19, 16 In May, the United States listed Huawei as an entity, and many American chips were cut down by Huawei. Affected by this, China set off the first small climax of chip entrepreneurship. Zhang Wen also ignited the flame of entrepreneurship in his heart. He saw that China has a huge AI chip market, but more than 90% of it depends on foreign products. AI chips have unique opportunities in China: First, the theoretical framework of AI chips is constantly being broken; Second, China's data advantage, AI chip needs scene and data iteration most.
"At that time, at the big chip track, I was the only founder who didn't understand technology. At that time, I didn't even know a big GPU." Zhang Wen told early investors afterwards, "If I were you, I wouldn't dare to vote for Zhang Wen."
Things are always unexpected. Beachy Technology not only made money, but also set a record. From its incorporation on September 9th, 20 19 to the completion of the second round of financing in March, 2002 18 months, the financing amount of Bijie science and technology exceeded 4.7 billion yuan. Investors let Bijie Technology set a financing record for domestic chip startups.
Zhou Zhifeng, an early investor and partner of Qi Ming Venture Capital, decided that when we met the founding team of Zhang Wen and Bi Wei Technology, the market's demand for people, creativity and capture was right.
There are too many uncertainties in an industry with wide track, high barriers and long cycle. In the process of Hao Hao Tang's scientific and technological development, the myth of a huge scientific and technological star was shattered. There are also startups that survive in the Jedi and overtake in corners.
Although I don't know the specific technical details, Zhang Wen knows his own advantages: "My previous entrepreneurial experience has well proved my ability to integrate capital, talents and resources." Since you don't understand, please ask someone from the mountain. He found a friend of Harvard who gave him a list of GPU Daniel. If a friend told you, you will succeed if you can gather half the people. After all, it is difficult to find suitable talents from China.
Investors asked Zhang Wen, is $65,438 +0 billion enough? But Zhang Wenyi said an astronomical figure-0/0 times higher than 10: 10 billion dollars. He calculated that the starting price of the chip company is about $200 million, and thousands of software teams are needed after the film is finished. This expenditure is also in hundreds of millions. If we want to complete the ecology, 654.38 billion US dollars is only a small amount.
When there is more money, the controversy comes. The outside world labeled Mr. Zhang as a capital madman, and he also complained about the "sky-high" financing of Bijie Technology.
The promise has come true. On March 28, 2022, during the period of being blocked by the epidemic, Zhang Wen and nearly 100 core employees chose to stay in the company, and * * * ushered in the most critical node of the company. Three days later, on the evening of March 3 1, Bijie Technology's first universal GPU chip BR 100 series was successfully lit.
"People who can succeed in starting a business are basically a little paranoid." Zhang Wen does not shy away from this statement. "I have different logical thinking from others. If 90% people agree that I want to do something, I won't do it. If 90% of people object, I will do it instead. " The choice of GPU track also follows this logic.
Stock financing information: technology, capital and economic trends
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Huawei and Wang Tao: March towards the 5.5G era in an all-round way.
On July 18, 2022 Huawei Win-Win Innovation Week kicked off in Shenzhen. Wang Tao, managing director of Huawei and director of ICT infrastructure business management committee, put forward the concept of "stepping into the 5.5G era in an all-round way" in his keynote speech, which enabled users to experience the Internet as high as 10Gbps, and 5.5G realized 10 through wider spectrum, higher spectrum efficiency and higher-order MIMO technology. It allows enterprises to acquire computing power from multiple "clouds" with low cost, high agility and high flexibility, incubate more application scenarios, and accelerate digital and intelligent transformation.
Huawei has entered the network car and has tested the application of "Petal Travel" in Beijing, Shenzhen and Nanjing.
Boeing predicts that more than 4 1000 new aircraft will be needed in the next 20 years.
Boeing recently released the Civil Aviation Market Outlook (CMO) in 2022, predicting that by 20465,438+0, the world will need more than 465,438+0 new aircraft, highlighting the resilience of the aviation industry in the two years since its outbreak. The latest CMO predicts that the delivery of new aircraft worth $7.2 trillion in the next 20 years will increase the global fleet size by 80% compared with the pre-epidemic level of 20 1 year. About half of the newly delivered passenger planes will be used to replace the existing models, which will improve the fuel efficiency and sustainability of the global fleet.
In the second quarter, global smartphone shipments fell by 9% year-on-year.
IBM's revenue in the second quarter was $654.38+$05.55 billion, and it is estimated to be $654.38+$056.5438+$600 million. IBM's EPS in the second quarter was $ 2.365.438 +0, and analysts expected it to be $2.29. Revenue in the second quarter was $654.38+$05.55 billion, and analysts expected $654.38+$056.5438+$600 million. Software revenue in the second quarter was $6.2 billion, and analysts expected it to be $6.3 billion. Consulting revenue in the second quarter was $4.865438 billion, and analysts expected it to be $4.64 billion. It is estimated that the annual free cash flow will be $654.38+000 billion, while the company had previously estimated it to be $ 6543.8+000-6543.8+005 billion. IBM's US stocks rose 65,438+0.37% after hours.
IBM's revenue in the second quarter was $654.38+$05.55 billion, and it is expected to be $654.38+$0565.438+$600 million.
IBM's operating EPS in the second quarter was $2.365438 +0, and analysts expected it to be $2.29. Revenue in the second quarter was $654.38+$05.55 billion, and analysts expected $654.38+$056.5438+$600 million. Software revenue in the second quarter was $6.2 billion, and analysts expected it to be $6.3 billion. Consulting revenue in the second quarter was $4.865438 billion, and analysts expected it to be $4.64 billion. It is estimated that the annual free cash flow will be $654.38+000 billion, while the company had previously estimated it to be $ 6543.8+000-6543.8+005 billion. IBM's US stocks rose 65,438+0.37% after hours.
The following are the equity financing events organized by today's equity financing information for you.
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University of Technology Laser received nearly 100 million yuan in Series A financing.
IBM's revenue in the second quarter was $654.38+$05.55 billion, and it is estimated to be $654.38+$0565.438+$600 million. IBM's EPS in the second quarter was $2.365438 +0, and analysts expected $2.29. Revenue in the second quarter was $654.38+$05.55 billion, and analysts expected $654.38+$056.5438+$600 million. Software revenue in the second quarter was $6.2 billion, and analysts expected it to be $6.3 billion. Consulting revenue in the second quarter was $4.865438 billion, and analysts expected it to be $4.64 billion. It is estimated that the annual free cash flow will be $654.38+000 billion, while the company had previously estimated it to be $ 6543.8+000-6543.8+005 billion. IBM's US stocks rose 65,438+0.37% after hours.
German-Italian communication completed nearly 1 100 million yuan Pre-A round of financing.
IBM's revenue in the second quarter was $654.38+$05.55 billion, and it is estimated to be $654.38+$0565.438+$600 million. IBM's EPS in the second quarter was $2.365438 +0, and analysts expected $2.29. Revenue in the second quarter was $654.38+$05.55 billion, and analysts expected $654.38+$056.5438+$600 million. Software revenue in the second quarter was $6.2 billion, and analysts expected it to be $6.3 billion. Consulting revenue in the second quarter was $4.865438 billion, and analysts expected it to be $4.64 billion. It is estimated that the annual free cash flow will be $654.38+000 billion, while the company had previously estimated it to be $ 6543.8+000-6543.8+005 billion. IBM's US stocks rose 65,438+0.37% after hours.
Qingxin Technology completed the 1 100 million A round of financing, exceeding the investment of Moore.
The company team has been deeply involved in the semiconductor industry for nearly 20 years and has rich experience and professional knowledge in automation machinery.
AsiaInfo Data completed the Series A financing of over 100 million yuan, and Guohua Satellite Data invested exclusively.
The company will cooperate with the superior technical foundation and industrial resources of Aerospace Science and Technology Group in informatization, digitalization and satellite application to enhance the company's strategy, products, technology and services in the core field of social governance modernization.
AUV received tens of millions of A+ rounds of financing, with Haier Group and China Jinmao leading the investment.
Founded in March, 20 18, AUX has realized low-speed automatic driving with low cost, low configuration and low power consumption through self-developed low-speed automatic driving and six-wheel chassis.
VR game publisher Netease Shadow Core completed the 100 million round of financing.
Netvios, a VR game publisher, announced the completion of the billion-level A round of financing, which was strategically invested by OPPO.