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In the last decade, we looked at Jobs; in this decade, we look at Musk; in the next decade, we will look at Jen-Hsun Huang!
NVIDIA's market value exceeds 4 trillion, and when Jen-Hsun Huang's net worth of 143 billion is only 1 billion less than Buffett's 144 billion, holding just 3.5% of the shares, he reenters the global top ten. We need to sort out the relationships of these key figures, and there is reason to believe that the market has revalued the AI era.
In these three great decades, three Chinese entrepreneurs have played a pivotal role.
Zhang Zhongmou and Jen-Hsun Huang: From Crisis Connection to Mutual Trust and Win-Win (Age-Defying Friendship)
First encountered in a crisis (1997)
NVIDIA, on the brink of bankruptcy (with only over 50 employees), directly reached out to Morris Chang for help after TSMC's U.S. sales department ignored its cooperation requests. Morris Chang was moved by his sincerity, personally visited the U.S. for an inspection, and fully supported its chip foundry. As a result, NVIDIA's first gaming chip (such as the RIVA 128) was successfully mass-produced, not only saving the company but also making it one of TSMC's top five clients within 2-3 years.
As the starting point of trust between the two, Morris Chang also tried to lure Jen-Hsun Huang to become the CEO of TSMC, but it was unsuccessful!
2009
The yield issue with TSMC's 40nm process led to significant losses for Nvidia, and the then-CEO refused to compensate. After Jen-Hsun Huang took over as CEO, he personally calculated the losses and proposed a compensation plan of over $100 million within 48 hours, which was accepted by Huang. This move not only resolved the dispute but also laid the foundation for long-term cooperation—now Nvidia contributes over $10 billion in revenue to TSMC each year.
Zhang Zhongmou and Terry Gou: Family Ties and Business Bridges
Terry Gou is the cousin of Zhang Zhongmou's wife, Zhang Shufen.
2010
Apple urgently needs a new foundry due to competition from Samsung, but TSMC is struggling to find a way out. Terry Gou, as the founder of Foxconn (Apple's main assembler), directly visited Morris Chang's home with Apple's COO Jeff Williams. That evening, a cooperation intention was reached, and TSMC ultimately secured the order with a 20nm process, even "borrowing money to gamble" on Apple.
Intel once tried to grab the order, but Zhang Zhongmou personally went to Apple's headquarters, and Cook hinted that "Intel is not good at foundry," while TSMC consolidated cooperation with its technological strength!
In the Apple era, the global industrial chain driven by the fruit chain is expected to reach a market value of $3.9 trillion by the end of 2024, close to the GDP of France ($4.0 trillion) and the United Kingdom ($3.8 trillion). If Apple is considered an independent economy, its scale would rank fifth in the world (only behind the US, China, Japan, and Germany), with the annual output value of the Apple ecosystem accounting for about 1.2% of the global GDP.
Tesla's open patents promote the global standardization of electric vehicles. Tesla's annual global revenue exceeds $100 billion, driving the total scale of the electric vehicle industry chain (batteries, charging stations, autonomous driving) to over $5 trillion, accounting for about 5% of global GDP.
NVIDIA's market value is expected to exceed $4 trillion by July 2025, surpassing the UK's GDP ($3.8 trillion) and India's GDP ($3.5 trillion), with a global market share of over 90% in AI chips!
In the IT era, the new energy era, and the upcoming Ai era, the Asia-Pacific region, especially the Chinese population, contributes nearly 70% to the supply chain system. Foxconn and Apple, CATL and Tesla, TSMC and Nvidia, achieving success together~
The advent of the AI era almost certainly means that Chinese people have gained more influence in the transition of the entire corporate paradigm!