Acer Inc (宏碁), the world’s fourth-largest PC maker, yesterday said the board has tapped company founder and former chairman Stan Shih (施振榮) to be the chairman and interim president as the company tries to turn itself around.
Former chairman and CEO Wang Jeng-tang (王振堂) and president Jim Wong (翁建仁) stepped down with immediate effect.
In the statement, Shih said George Huang (黃少華), one of his co-founding partners at Acer, will join Acer to help lead the company during the transition.
“Chairman and chief executive officer J.T. Wang and corporate president Jim Wong have both stepped down to shoulder responsibility for the company’s recent [poor] performance,” Acer said. “The company will hand over the corporate presidency to the appropriate candidate as soon as possible.”
On Nov. 5, Acer announced that Wang had tendered his resignation as chairman and chief executive officer, after reporting third-quarter operating losses of NT$2.57 billion (US$86.97 million), bigger than the NT$613 million operating losses recorded in the previous quarter.
The company later announced Wang would retain the chairmanship until his tenure ends in June next year, while Wong would take over from Wang as Acer’s new chief executive officer from Jan. 1 next year.
However, after both Wang and Wong resigned with immediate effect, Acer’s board of directors appointed Shih chairman, until the end of his term on the board.
The board also decided to vacate the position of chief executive officer, Acer said. The chief executive officer’s duties will be handed to the chairman or president.
“This [the resolution] is expected to boost the company’s decisionmaking efficiency,” the statement said.
In the future, both Wang and Wong would act as advisers to the company to ensure a smooth transition, Acer said.
“Due to the situation Acer now faces and my personal social responsibilities, I must stand up and take the reins without salary,” Shih said.
“I will honor and complete all the public affairs and engagements that I have committed to, but I will also fully support Acer’s information and communication device business, and transform the company,” he added.
NO VIRUS BLUES: A SEMI Taiwan official said that the virus does not slow down the global semiconductor industry’s investment in manufacturing equipment The production value of the nation’s semiconductor industry is expected to grow 16.7 percent this year from last year, outpacing the global industry’s 3.3 percent growth, industry association SEMI said yesterday. That would help Taiwan safeguard its second spot in the global semiconductor market with a production value of more than NT$3 trillion (US$102.73 billion), SEMI Taiwan president Terry Tsao (曹世綸) told a media briefing in Taipei for the Semicon Taiwan trade show beginning today. The global semiconductor industry’s production value is expected to increase to US$426 billion this year, SEMI said. In terms of semiconductor equipment investment, equipment billings from Taiwanese firms
Intel Corp has received licenses from US authorities to continue supplying certain products to Huawei Technologies Co (華為), a company spokesman said yesterday. Washington has been pushing governments around to world to squeeze out Huawei, saying that the telecom giant would hand data to Beijing for espionage. From Monday last week, new curbs have barred US companies from supplying or servicing Huawei. This week, the state-backed China Securities Journal reported that Intel had received permission to supply Huawei. China’s Semiconductor Manufacturing International Corp (SMIC, 中芯國際), which uses US-origin equipment to make chips for Huawei and other companies, last week confirmed that it had sought
Swancor Renewable Energy Co (上緯新能源) yesterday announced plans for a 4.4 gigawatt (GW) offshore wind project off Miaoli County as part of its commitment toward Taiwan’s energy transformation, the company said in a statement. The “Formosa 4” project includes three deep-water wind farms 18km to 20km off the coast, Swancor Renewable CEO Lucas Lin (林雍堯) said, adding that planning for the project began last year. A proposal for Formosa 4 was this week submitted to the Environmental Protection Agency (EPA), the company said. Swancor Renewable jointly developed the Formosa 1 project, a 128 megawatt (MW) wind farm about 4km off Miaoli and the
INVEST IN TAIWAN: A metal components casting firm and the world’s largest maker of aluminum bicycle rims also obtained approvals to join the program Solar Applied Materials Technology Co (SOLAR, 光洋應用材料), a part of Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) “green supply chain,” has pledged to invest NT$1 billion (US$34.1 million) to build a new plant at the Tainan Technology Industrial Park (台南科技工業區), the Ministry of Economic Affairs said yesterday. SOLAR has been collaborating with TSMC to extract precious metals from waste and reuse them as “sputtering target” material in high-end semiconductor manufacturing, a TSMC press release issued in May said. Established in 1978, SOLAR also offers key materials and integrated services to customers in the optoelectronics, information and communications technology, petrochemicals and consumer electronics industries,