Chapter 1029: Jensen Huang

Chapter 1033– Jensen Huang

After finalizing the details of Gbox’s cooperation with Bill Gates, Microsoft sent a team to evaluate Aiwa Little Tyrant’s asset. At the same time, Feng Yu returns to San Francisco.

Feng Yu is not going to San Francisco to meet Sergey. Instead, he is going to meet a Chinese man, Jensen Huang.

Santa Clara is a small city along with the San Francisco Bay Area. It is located in the center of Silicon Valley.

There is a small company in this city, and its small office is located not far from Google. Today, someone important will be visiting this company.

“Mr. Feng, nice to meet you.” Huang Jensen said in mandarin. But his mandarin has a weird accent as he is a Taiwanese and had migrated to the US before he was ten.

“Nice to meet you too. Who are these two?” Feng Yu looks at the two Caucasians beside Huang Jensen.

“This is Chris, and this is Cutis. They are my partners.”

“Hi.” Feng Yu smiles as he shook their hands. These are all elites, and Feng Yu still need them to make money for him.

The two partners were surprised. They had never expected the World’s Second Richest man had visited their company and even shook hands with them.

When they worked with other companies in the past, those companies will normally send their number 3 or number 4 men to negotiate with them. All those companies had never thought highly of them.

But Jensen Huang told Chris and Cutis that this person in front of them was visiting them to tell them a piece of good news.

“Jensen, I am impressed with the three of you for setting up such a potential company. It is not easy.”

“What we had achieved is nothing compared to you.” Jensen Huang is not modest. Although he is not even 40 years old and is the co-founder and CEO of this company, compared to Feng Yu, he is indeed nothing.

“Hahaha… let’s not talk about all these. My assistant had mentioned it to you. Have you discussed it with your partners?” Feng Yu is glad to speak Mandarin overseas.

“Mr. Feng, your conditions are very attractive, and we are willing to accept. But we are unable to persuade those two Venture Capital companies, and they are pushing us to be listed.” Jensen Huang replied.

When Jensen Huang and his other co-founders started this company, they accepted investments from two Venture Capital companies.

But now, Feng Yu wants to acquire his company and had promised to invest a significant amount of funds into the company. Jensen Huang and his co-founders will continue to manage the company, and Feng Yu will still reward them with the company’s shares based on their performance. This is a better deal than the Venture Capital Companies.

Also, Feng Yu is a Microsoft Director, and also the Chairman of Lenovo Group. Their company will have better development if they can work with either of these companies.

The three founders of this company discussed and felt they should accept Feng Yu’s offer. But when they speak to the two venture capital companies, they were rejected.

Those two venture capital companies knew all the businesses Feng Yu invested are all profitable. Since Feng Yu wants to acquire this company, they will get much higher returns if this company is listed.

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The venture capital companies do not want to accept Feng Yu’s investment as their shares will be diluted, and none of Feng Yu’s companies are listed. If the company is not going to get listed, they can’t recover their initial investments.

Feng Yu frowned. Companies that had accepted investments from venture capital companies will have a clause in their contracts to get the company listed within a timeframe.

Of course, these venture capital companies included this clause in their contracts to protect themselves.

Feng Yu understands why these two venture capital companies are doing this, but that does not mean he can accept it.

“Are those venture capital companies big companies?”

“Huh? No…, these two are small investment companies with assets less than 100 million USD.” This is in comparison to Feng Yu’s company.

Feng Yu turns to Ralph, and Ralph immediately says. “Boss, I will contact them to buy the shares from them, and if necessary, we will acquire them. Huang, can you give me the contacts of these two companies?”

Feng Yu nodded. Ralph had worked for him for quite some time and knew what to do even when he did not say anything.

Jensen Huang and his partners were shocked. Is this how the World’s Second Richest man does things? To acquire their company, he is willing to take over those two venture capital companies who own their company’s shares.”

But Jensen Huang and his partners were overjoyed, as this shows the confidence Feng Yu has in their company.

If Feng Yu cannot acquire their company, he will most likely acquire 3dfx or Canada’s ATI Technologies. This will limit their company’s development, and their shares will plunge after they got listed.

“Mr. Feng, you will not be disappointed with us. Our 3D graphics processors will catch up with 3dfx and overtake Canada’s ATI Technologies!”

Currently, 3dfx is the best in the graphics card industry, followed by ATI Technologies. Both companies are about the same standard, and Jensen’s company is lagging behind them.

In terms of scale and strength, ATI Technologies had sold over 10 million graphics cards, and Jensen’s company had only sold slightly over 1 million.

“I trust you all, or else, I will not visit your company. The market value of your company is less than 100 million, and you all are trying to raise 300 million USD from the market to develop your new product. But 300 million USD is not enough. I will invest 500 million USD into the company and do not need to get listed. I believe you all will not disappoint me.”

Jensen Huang and his partners are overjoyed. When Feng Yu’s assistant contacted them, they had not talked about the investment amount. But now, Feng Yu told them that he would invest 500 million USD for them to develop their new product.

Jensen Huang and his partners are confident that they can win those two companies and be the industry leader!

“Good. After Ralph settled the shares issues with those two venture capital companies, the money will be transferred to the company. I still have something on, and you all can carry on with your work.”

Jensen Huang and his partners walked Feng Yu out.

Feng Yu got into his car and looks at the signboard outside of the company. Nvidia!

Translator’s notes:

Santa Clara, California

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