Time magazine has named Acer Group's founder Stan Shih (
Time's "60 years of Asian Heroes" feature will be published in its special 60th anniversary Asian issue on Monday.
The list of Taiwanese and Chinese heroes include Yahoo Inc founder Jerry Yang (
Intel president and chief executive officer Paul Otellini was quoted by Time magazine as describing Shih as the man who "ended up creating a globally recognized brand of personal computers, kindling a booming high-tech industry in Taiwan ? and inspiring a generation of Taiwanese entrepreneurs."
"Thanks in no small part to Shih's pioneering example, the integrated supply chain model is now the hallmark of PC contract manufacturing worldwide. In other words, he's a big reason why your PC costs US$1,000, not US$10,000," Otellini said.
Shih said in a press statement released late on Wednesday that the honor comes alongside Acer's rapid growth internationally. Acer is now the world's No. 4 PC brand.
The Acer culture has always encouraged teamwork and placed a premium on the long-term commitment of employees and winning business partnerships, he said.