Reaching the age of thirty, my income randomly doubled-Chapter 921 - 689 Making Big Money and the College Entrance Examination_2

He didn’t have much property left in Xiangjiang, except for that mansion on Baijia Dao worth more than 2 billion, and Chen An’an’s small flat in Victoria Harbour worth 120 million.

There was also an investment of several billion in a top private club.

A place he usually uses to entertain guests.

Not a place he frequently visits, having so much property already is more than enough.

When they returned to Magic City, most of the people returning home for the New Year here had already come back.

Magic City regained its past bustle.

Even Chen An’an, after playing for a while, began to focus on preparing for the college entrance exam again.

By mid-February, she had entered the more intense final semester of high school.

Er Piya was still the same, didn’t need to invest much effort in studying, yet always scored well on exams.

As for Little Third, Chen Lu, he carried three phones with him.

Submitted one, the teacher confiscated another, and he still had one in his back pocket.

At least he stopped pestering to play with Su Xiaoxi, at the cost of playing mobile games every day.

Song Yanxi was also amused and exasperated by this.

All those worries ordinary adults have, besides not having material concerns, she had them all when it came to children.

For instance, Little Third loved playing games, and Er Piya often made other students cry.

Behaving like the Second Princess wherever she went.

The Second Princess arrived, and everyone cleared the way.

So wealthy she had virtually no friends.

Spoiled brat was the most at ease, still knew to focus hard on preparing for the entrance exam every day.

What the next goal after the entrance exam will be, no one knew.

It couldn’t possibly be graduating from college and finding a good company, then earning a million a year.

Time flows, the years are like spring.

After the new year ended, everyone returned to their calm and unpretentious work life.

Chen Pingsheng moved once again to Magic City Middle School, becoming one of the many exam-supporting parents.

During this time, he also attended a parents’ meeting at the school, called both a parents’ meeting and a pep rally.

The education at these schools was unparalleled, even making parents like them nervous.

Feeling like asking their children 17 or 18 times a day, how their recent academic performance was.

If their psychological pressure was high or not.

It’s true to say that for most parents, the last year of high school is really a major obstacle in life.

A thousand times more nerve-wracking than when they themselves were in their final year of high school.

The winter passed, and spring arrived.

February ended in a hustle and bustle, and as March came.

The stock price of Tengying New Energy Cars soared past 700 billion, and Tengde Era also rose to over 600 billion.

The market value he held in these two stocks was roughly worth over 400 billion.

Each accounting for about 35%.

In mid-March, he once again cashed out 0.5% of his NVIDIA shares, obtaining hundreds of billions of RMB.

Most of which was still used to repurchase shares in these two companies.

Aiming to repurchase more than 50% to firmly maintain the group’s controlling stake.

When a major boss is willing to buy back company shares with their own money, it undoubtedly indicates a quality enterprise.

Chen Pingsheng doing this also led to a surge in the share prices of both Tengfei Automobile and Tengde Era’s battery stocks.

On March 18th, the AI software Little Teng Online released by Tengfei AI became a sensation in the AI industry.

By the 21st, the mass production of Tengfei No.1 artificial intelligence robots was achieved.

And a national smart robot competition was held in Magic City.

This robot was completed after more than five years of independent development by Tengfei AI.

It features home chatting, cleaning, monitoring, danger inspection, as well as auxiliary calling, and simple physical detection functions.

It can be said to be a relatively simple yet practical home robot.

The development of AI has now fully reached the stage of robots.

The future only awaits the release of the Tengfei AI Phone to achieve full network connectivity in households.

In fact, Chen Pingsheng had already received the AI phone jointly developed by Tengfei AI and Tengde Era.

It’s called an AI phone mainly because Tengfei AI is equipped with a series of underlying AI architectures.

Additionally, it’s paired with the best solid-state battery from Tengde Era and Samsung’s top screen.

When it comes to phone screens, Samsung has always been synonymous with high-end.

Naturally, the chip still uses the latest Snapdragon processor.

There are three types of chips: research and development, manufacturing, and packaging and testing.

Regarding chip R&D, both Tengfei AI and Tengfei Group have the capability to accomplish it.

But producing top-notch chips is more challenging.

Currently, domestic technology for manufacturing chips reaches about 14 nanometers, with a significant distance from the most advanced 3-nanometer technology worldwide.

Efforts are continually being made to catch up.

The chip packaging and testing process is a strong suit domestically, with four major domestic companies listed among the world’s top ten packaging and testing enterprises, holding a market share of over 25%, accounting for more than a quarter globally, and they had already declared in 2023 that they possessed 3-nanometer chip packaging and testing technology.

The chip design stage has also reached 3 nanometers.

The only drawback is likely in chip manufacturing.

It’s precisely because a large number of chip enterprises have been supported domestically in recent years that Chen Pingsheng doesn’t intend to do this himself.

The future chip industry will absolutely face a severe surplus, and once that surplus happens, the industry’s profits and prospects will be concentrated in the top two tech giants.

The rest are merely supporters.

He has always been developing the Tengfei AI system and the AI chip design built on AI functions.

In the manufacturing process, no domestic private enterprise can complete it independently.

If there is one, it’s Taiji Electronics in Wanwan.

The release of the Tengfei No.1 robot still caused quite a stir domestically.

As for the Tengfei AI Phone, it has only been mass-produced to ten thousand units and is still in the testing phase internally.

Over the years, Tengfei Group, with its investment of more than 10 billion in 2018, built a comprehensive ecosystem supply chain industrial park.

Has always maintained very strict management over quality control.

Quality control is essentially about controlling components within the supply chain.

The likes of Samsung screens and Snapdragon chips go without saying, these are the top two components in the phone industry.

For the rest, over 95% of domestic self-production has been achieved.

It only requires strictly controlling the quality of the components.

Any enterprise that manages quality control well shares a common trait.

That is providing enough profit margin for downstream component manufacturers and progressing together.

Over the years, Tengfei New Energy has been doing just that.

If there isn’t enough profit margin for downstream manufacturers, most will undoubtedly resort to cutting corners.

No enterprise can achieve 100% self-sufficiency in phone components independently.

Even Apple can’t, still needing domestic assembly and production.

It’s just that their quality control is extremely strict.

Anyone with a slight understanding of the industry knows that even components Apple flags as non-compliant are considered high-quality by regular phone manufacturers.

From this perspective, selling at high prices, including Huawei’s high price, is fairly justified.

Similarly, the Tengfei AI Phone won’t compete in the low to mid-range but will only target the most lucrative mid to high-end market.

In this regard, there are globally recognized only two manufacturers.

One is Samsung, and the other is Apple.

For well-known reasons, a very capable domestic phone manufacturer is unable to enter the global phone market.

The most challenging aspect of the phone industry is that the market is already formed.

Whether at home or abroad, it’s the same.

To break into the global mid to high-end market, it can be said to be as hard as ascending to heaven.

Chen Pingsheng also dares to boldly step into this industry thanks to the accumulation over so many years.

Currently, the ten thousand units of phones are still in the internal testing phase.

True release is still at least half a year away.

Testing, tuning, integration is essentially a grand process of discovering issues, resolving them, and perfecting them.

Only when everything here is adequately prepared, and the Tengfei AI Phone is confirmed to have a place in the same price range and global market.

Will it officially be announced to the public.

To be frank, the domestic mid to high-end market can’t possibly sell better than Huawei.

Even with the entire group having high confidence in this phone product, no one believes it can sell better than Huawei.

As for the reason, of course, it has a good aspect of the product.

The most significant part, however, is the patriotic sentiment that no manufacturer can surpass.

Not even him.

Compared to surpassing Huawei phones in domestic sales, it’s noticeably simpler to surpass Samsung phones in global sales.

This is acknowledged by the entire group, so their target has been global from the outset.