Chapter 356 - Virtual Technology (1/2)
Chapter 356: Virtual Technology
Within a few years, Xing Hai Technologies was going full throttle into the deserts. They had slowed down their investments and explorations in other scientific fields.
In fact, due to the rapid development of science and technology, the GDP growth rate of the Z nation had been above 8% for five consecutive years.
Many new industries had sprung up and numerous vents had erupted. Amongst the industries were “indoor stereoscopic agriculture”, “new energy”, “quantum computer”, “artificial intelligence and robots” and “virtual reality”. Amid these vents, Xing Hai Technologies only invested meager amounts in “indoor stereoscopic agriculture”, having decent technical capabilities in the field and occupying less than 5% of the industry’s total market shares.
They showed absolutely no interest in “virtual reality” and completely ignored any opportunities it may have presented.
“Virtual reality” was no longer considered a new industry but it had welcomed its second spring in the past couple of years.
Currently, VR games occupied 60% of the gaming market. VR social, VR education, VR shopping, VR streaming, VR concerts and various other VR applications sprouted like mushrooms after the rain. Its global market scale had exceeded a whopping one trillion dollars. In the future, the industry had hopes of breaking through three trillion dollars barrier or even making more than five trillion dollars. Many capitalists were increasing their investments in this industry.
In fact, the outbreak of the “VR industries” had certain conjunctions with Xing Hai Technologies.
Firstly, graphene chips had become widely used. Their performances were several or even dozens of times higher than that of traditional silicon chips, with their smaller volume and lower power consumption. They satisfied the requirements of running VR applications as the chips were able to provide the hardware basis.
Secondly, one of Xing Hai Technologies’s research centers had made a breakthrough in holographic projection technology. The size of the device could even be reduced to fit into a helmet. The image generated attained 8K HD standard and had totally knocked out the concept of frame rates. The reason was that there was no frame rate in holographic projection, or in other words, it had infinite frames per second. The imagery perceived was consistent with reality. This solved the problem where people were prone to dizziness after putting on a VR helmet.
Added to the completeness of other sensor technologies, the several obvious defects of VR devices had been entirely solved. Hence, the industry welcomed its second wave of popularity.
But Xing Hai Technologies had no interest in this field. The investment that Xing Hai Technologies placed in the field was almost zero. This had attracted the attention of many critics and professional netizens within the local technology circle.
“Strange! Xing Hai Technologies has absolutely no interest in doing investing in VR and has completely shut themselves out this vent.”
“Currently, high spec VR devices can be sold at more than 50,000 dollars on the market. Even the low spec ones are tagged at 10 thousand dollars and above. Even so, supply is still overwhelmed by demand. Global shipments have exceeded 10 million units in 20X7. This year, shipments should be able to exceed 15 million units. Everyone is desperately trying to profit from VR and Xing Hai Technologies is actually indifferent towards it.”
“Have they gotten the large-scale enterprise defect? Have they become conservative and lost the motivation to move forward?”
“I don’t get what are they thinking either. I’ve left a post on Chen Jin’s Weibo calling for him to get into VR. I’m a hardcore Xing fan and am already used to Xing Hai Technologies’s products. I always feel that Xing Hai Technologies provide the best product experience and make products of the highest quality. If Xing Hai Technologies does VR equipment as well, I believe that theirs will be the best among all.”
“True, an industry without Xing Hai Technologies feels a little immature and incomplete.”
“But the tycoon is all in environmental protection now. He didn’t even look at the trillion-dollar VR industry which will potentially bring him hundreds of billions of revenues every year.”
“Uhm, things aren’t necessarily as they seem.. I feel that Xing Hai Technologies might be holding on to something big. They might be in the process of inventing something even more advanced than the VR helmet. This is a future industry that could possibly eliminate the PC. It is impossible that Xing Hai Technologies would stay out of this,” some netizens analyzed.
…
Some netizens had really hit the mark.
A big move.
Xing Hai Technologies was indeed preparing to make a big move.
August of 20X8.
At Xing Hai sixth R & D Center, Chen Jin himself and some of the company’s executives came to have a look at one of their new products.