Everyone cheered up. There was a lot of discussion in the technology industry about why Neon wanted to sell Toshiba Storage. It was also good to listen to Luo Jia’s ideas today.

Luo Jia said lightly, "The reason is actually very simple, because the Neon authorities have no money anymore."

"This is not sensational. Just look at the annual budget of the Neon authorities, and you can clearly find the problem. Taking the 2018 fiscal year as an example, the total expenditure of Neon is 97.7 trillion yen."

"And what is Neon's total income?"

"It is only 59.1 trillion yen. Since 1999, 30% of the annual expenses of the Neon authorities come from borrowing. That is to say, if Neon is compared to a company, the company has been operating in debt."

"Of course, if Neon owes so much money, will they go bankrupt?"

"Not, at least not in a short period of time, because Neon people still have more than 90 trillion yen in deposits, plus stocks and bonds, the country's capital is still very strong."

"Just as we all know, Europe has many problems, refugees, trade unions, and excessive social welfare, but Europe is still alive today, with no reason and a strong foundation."

"Let's go back to Toshiba Storage, $18 billion, Neon is not that I can't afford it, why should I sell Toshiba Storage?"

"Because in this highly capital-intensive R&D field, it is far from enough to help Toshiba overcome the current difficulties. In the field of memory chips, Toshiba's technology is already behind South Korea's Samsung and Hynix, and also behind North American Micron."

"If Toshiba wants to survive, it must invest a few $18 billion to continue research and development, which is what makes the Neon authorities the most trouble."

"And you should also know that Sony's camera has been knocked out by us, and Shingo's photoresist has also been knocked out by us. Now, we are starting to use Panasonic and Sony batteries again, and we will also use Toyota, Honda and Nissan cars in the future!"

"According to the current pace, Neon's industries have been destroyed one by one. Can the authorities come here to rescue them? They saved Toshiba Storage, what should I do if Shin-etsu and JDI?"

"Just a few months ago, Neon's last company that produced display panels, JDI, sold 33% of its equity to our consortium, and that's just the beginning."

Speaking of this, Luo Jia let out a long sigh, glanced at the audience, and said very seriously: "The reason I talked to everyone is to tell everyone that technology research and development has become a game that not everyone can play."

"Recently, our Star Technology has made some achievements, which everyone has seen."

"What you can't see is that our R&D expenses will surpass Huawei this year and become one of the companies that spend the most money on R&D in China and even the world."

"I won't talk about the specific numbers. As a private enterprise that is not listed, how much money it costs to do research and development is our business secret. Anyway, as long as you understand, the supercapacitors signed today and all the technology products we launched in the past are all piled up with daily numbers of money."

"As a company on the forefront of global competition, we have a deep feeling about this large-scale turn in R&D trend. The era of small enterprises has completely passed, and we will only be the world of giants in the future."

“There is a good example in the field of rail transit that we are familiar with.”

"What did our high-speed rail experience from nothing to something, from something to strength? Why can CRRC become the world's strongest player?"

"After looking at the financial statements, you will know that CRRC's revenue this year will reach 23 billion euros, ranking second is the German Siemens rail department, 7.8 billion euros, third is the French Alstom rail, 7.6 billion euros, fourth is the Canadian Bombardier, 7 billion euros, fifth is the Neon Hitachi rail, 3.8 billion euros, and sixth is Neon Kawasaki, only one billion euros."

"This is the power of scale. CRRC's revenue scale has reached the sum of the second, third and fourth places!"

"And with the rapid rise of CRRC, their performance from Siemens to Alstom, is declining every year, and their market share is constantly being eroded by CRRC."

"There are some trolls on the Internet, and they always say that my country's high-speed rail uses overseas technology."

"This kind of ignorance is really terrible. When we didn't have it at first, of course we had to introduce technology from abroad. But now the situation is that after CRRC became bigger, its R&D investment exceeded the total of other players around the world, and it has embarked on the road of independent R&D."

"As CRRC grows larger and its R&D investment becomes higher and higher, other competitors will feel more and more difficult, and they can't catch up even if they want to."

"So everyone has seen that money is really a good thing. Only with money can there be R&D, only with R&D can there be progress, and only with progress can there be market."

"The Neon Kawasaki Track I mentioned just now, all of them delivered 548 locomotives to the Washington Metro in May 2018, were exposed to serious quality problems."

"Why?"

"Isn't it because Kawasaki has no money and wants to make more money by cutting corners. They even want to withdraw from the market competition and sell the factory to their old rival Hitachi Track. Can Hitachi Track swallow Kawasaki?"

"I don't think so, because Hitachi can't beat CRRC at all, and he's almost losing his pants."

"It can be seen from this that the so-called quality of neon manufacturing is completely a joke, just because they once dominated the market and had the ability to invest heavily in research and development. If our country's enterprises can also achieve market dominance, the things they create will definitely not be worse than them."

"So, the only solution to this problem is to continue to invest heavily, and there is no way to go except that."

"In this world, only two countries have R&D investment, accounting for more than four percent of GDP, one is Israel and the other is South Korea."

"Their international competitiveness is obvious to everyone, especially Israel, which has a population of only 8.7 million. And after taking a few steps from Israel to the surrounding area, they directly entered the war zone. How harsh and harsh the environment is."

"But even in such a harsh environment, Israel has risen a large number of high-tech companies with the highest proportion of R&D investment in the world and has always occupied a place in global competition."

Everyone nodded. If Israel is far away and doesn't know much about it, South Korea is a tough example.

Many people probably don’t know that there is a reason for South Korea’s rise. Their R&D investment ratio is the second highest in the world, and they have used 4.2% of the annual GDP for R&D.

Sweden ranks third, with R&D investment accounting for 3.2% of GDP, a full percentage point lower than South Korea.

In the world, Israel and South Korea have the most investment in R&D, so the results they finally achieved are also the craziest. As two small countries, it is really not easy to be able to achieve today in the international competition with strong players.

In the past two years, Star Technology has started fighting with South Korea, but Luo Jia has always warned straight men not to underestimate South Korea.

With their crazy scientific research investment, although it shows that the mobile phone and battery are knocked out, maybe one day they will explode with new growth points.

After all, the enemy who attaches importance to R&D is always the most difficult to deal with.

At this point when the speech was held, Luo Jia released the ppt he made.

On this ppt, not only clearly lists the proportion of R&D investment in various countries to GDP, but also analyzes the overall competitiveness of each country.

There are many types of rankings, and Luo Jia's list is arranged according to the importance that countries attach to R&D.

Israel ranks first on the list. Although they are very small, they are the country that attaches the most importance to R&D in the world.

South Korea ranks second, Sweden ranks third, Neon ranks fourth, Germany ranks fifth, Denmark ranks sixth, Finland ranks seventh, North America ranks eighth, Belgium ranks ninth, France ranks tenth, China ranks eleventh, Iceland, Norway and the Netherlands.

Basically, the importance of R&D and the global competitiveness of various countries are showing a positive correlation.

The more important a country that attaches importance to R&D, the more developed the technology, the stronger the global competitiveness will be.

Among the five European pig countries, Italy ranks the highest, but it has reached the 20th place in the world. The proportion of R&D to GDP is only 1.2%. As for Greece, Spain, and Portugal, it is even worse.

Luo Jia did not use them as an example, but gave an example of Russia.

This successor to the former Soviet Union, a former superpower, has now lost R&D investment to a level of only 0.9% of GDP, which is quite sad to say.

But this world is so cruel. No matter how powerful Russia was, today they do not attach importance to research and development. They lie on the credit book of history and drink vodka, which is destined to be eliminated in the new century.

I have to say that the form Luo Jia made is too clear and too shocking.

Whether or not you attach importance to R&D directly determines the level of international competitiveness.

After clearing his throat, Luo Jia began to make a final summary.

"Today I will tell you so much, mainly to explain three things."

"First, R&D is the ultimate competitiveness. Only by paying attention to R&D can we have a place in this cruel world. A country that does not pay attention to R&D, even if it is as powerful as Russia, will be eliminated."

"Secondly, the era of low-cost R&D is gone forever. Today's high-tech R&D requires giant companies to take charge of financial and manpower in daily numbers."

"The third and most important point is that there are not too many giant companies in my country, but too few."

"Suppose we can have a hundred giant companies like Huawei that dare to invest heavily in R&D, and it is possible to complete a counterattack against the great powers."

"So, I sincerely hope that you can support companies like Huawei and continue to grow bigger and stronger. After all, the bigger they are, the more hope our nation will have."

"As for some other companies in my country, although their revenue scale is large, they do not pay attention to R&D, and they are just a little bit of a waste of money."

"I suggest that companies like this be let them die."

"Thank you everyone, my speech today is over."

After saying that, Luo Jia walked off the stage, and warm applause came from the audience.

Today, Luo Jia has explained the R&D from the perspective of the enterprise and explained it thoroughly. The R&D work in the new century has become a game among giants. A game of super capital has no second way except to use massive capital to promote it.

At this moment, Professor Ouyang was sitting in the private room with an old man.

The old man was silent for a while, frowned and thought, and suddenly laughed.

"This kid is so thrifty. He said that R&D is so difficult. He also hopes that we will fully support Huawei and make Huawei a giant." The old man looked at Luo Jia's figure in the distance, "I'm afraid he wants to become a giant himself, but he is very cunning and does not mention himself, and just uses Huawei as an example."
Chapter completed!