Stan Shih founded Acer in 1976 in Taiwan and was formerly known as Multitech. Today, Acer is under the management of Jason Chen, corporate president and CEO of Acer since 2014.
Acer’s History
In 1976, in the city of Hsinchu City, Taiwan, Multitech was founded. The founders were Stan Shih, Carolyn Yeh (his wife), and five others. With 11 employees, the company distributed electronic parts and served as a consultant in the use of microprocessors. Quite far off from how Acer is known today.
After a series of reorganization, Multitech joined the emerging IBM PC compatible market. With their success into the venture, the company became a significant PC manufacturer. In 1987, Multitech was renamed to Acer.
Throughout the years, Acer acquired and developed different technologies. While the company is commonly known as a manufacturer of computers and peripherals, Acer is generally a hardware and electronics corporation.
Who is Jason Chen?
Jason Chen became the corporate president and CEO of acer in 2014. He still continues to maintain the position until today.
Unlike former CEOs with an engineering background, Jason Chen comes from sales and marketing. His experience is quite extensive. Prior to Acer, he was the senior vice president of worldwide sales and marketing at TSMC.
Jason Chen also had an extensive history with company giant Intel. He held different sales and marketing positions for 14 years which built up his experience.
Who is Stan Shih?
A rags to riches story, Stan Shih’s life and success story is unlike any other.
Stan Shih is just like every average man. However, after receiving his bachelor’s and master’s degree in electronics engineering in 1976, he founded Multitech.
Now, the company is a major computer manufacturer with billions of dollars’ worth, being one of the top in several countries such as India and Singapore.
At the age of 75, Stan Shih has retired from his corporate position in the company. Still, he actively participates in charity programs while taking the identity of Acer and its subsidiary sponsors.
As of July 2020, Stan Shih has an estimated net worth of $8.1 billion.
Stan Shih continues to be a visionary in the world of IT. He still serves as an influence to Acer on their current and future ventures. Hear him speak and talk about how he became the single largest influence to Taiwan’s IT history.
How Big is Acer?
Acer is a multinational brand operating in 70 countries. Worldwide, the company has a total of 7,000 employees.
As of July 2020, Acer is ranked as the fifth-largest personal computer vendor in the world. In the same year, the company reported a revenue of over $8.4 billion.
Acer currently has numerous subsidiaries. One of the most notable is Gateway Inc. Acer still manufactures some laptops under the Gateway branding especially with their introductory laptop lineup.
Acer’s Reputation
From being a small startup to becoming a multinational computer giant, Acer created a huge reputation. Their laptops and computers stretch far and wide, and you have likely gone across them.
Acer’s products are known for providing a wide spectrum of choices, from introductory basic devices to advance powerful machines. They give their audience a choice, allowing them to choose a device that best fits their needs.
If you are in the market for a computer, Acer is going to be one of your probable choices. They impose a strong reputation in the world of computers making them easy to come by no matter what your needs are.
Acer continues to grow, especially in this time of a technological boom. Technology is evolving at an exponential rate due to the demand. This has created massive innovations and the company is one that is taking a huge role in that.
With decades of experience in the industry, Acer continues to reign as one of the top computer manufacturers. It is expected that they will progress in the same, if not faster, rate, overtaking their competition and further solidifying their firm hold and reputation of the industry.
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