Acer Inc (宏碁) founder Stan Shih (施振榮) yesterday announced through his iD SoftCapital Foundation (智融基金會), which is part of iD SoftCapital Group (智榮集團), that his son Maverick Shih (施宣輝) has joined Acer’s board of directors, in the latest development in his succession plans.
In a statement, Acer yesterday said that it received notice from its juristic-person director Hong Rouan Investment Corp (宏榮投資) that Maverick Shih would replace Stan Shih’s wife, Carolyn Yeh (葉紫華), as its representative on the board, effective immediately.
A graduate of the University of Southern California with a doctorate in electrical engineering, Maverick Shih in 2005 returned to Taiwan to set up the research and development branch of iD SoftCapital.
Maverick Shih later joined fingerprint sensor provider Egis Technology Inc (神盾) while investing in Berlin-based automotive software designer Advanced Telematic Systems, which is now part of Here Technologies Co.
He joined Acer when it acquired US cloud services provider iGware Inc in 2011.
With effect from Thursday next week, Maverick Shih has resigned from all of his management positions at the firm, including his position as president of the build-your-own-cloud (BYOC) smart products business, Acer said.
However, he would continue to serve as chairman for Acer Cyber Security Inc (安碁資訊) and Acer Synergy Tech Co (智聯), as well as keep his juristic-person director representative positions at Acer’s affiliated companies, it said.
In the meantime, the BYOC smart products business is to be managed by cochief operating officer Jerry Kao (高樹國), while all other divisions would be merged into corporate marketing, business planning and operations, which would be overseen by cochief operating officer Tiffany Huang (黃資婷), Acer said.
Taiwan Transport and Storage Corp (TTS, 台灣通運倉儲) yesterday unveiled its first electric tractor unit — manufactured by Volvo Trucks — in a ceremony in Taipei, and said the unit would soon be used to transport cement produced by Taiwan Cement Corp (TCC, 台灣水泥). Both TTS and TCC belong to TCC International Holdings Ltd (台泥國際集團). With the electric tractor unit, the Taipei-based cement firm would become the first in Taiwan to use electric vehicles to transport construction materials. TTS chairman Koo Kung-yi (辜公怡), Volvo Trucks vice president of sales and marketing Johan Selven, TCC president Roman Cheng (程耀輝) and Taikoo Motors Group
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
RECORD-BREAKING: TSMC’s net profit last quarter beat market expectations by expanding 8.9% and it was the best first-quarter profit in the chipmaker’s history Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which counts Nvidia Corp as a key customer, yesterday said that artificial intelligence (AI) server chip revenue is set to more than double this year from last year amid rising demand. The chipmaker expects the growth momentum to continue in the next five years with an annual compound growth rate of 50 percent, TSMC chief executive officer C.C. Wei (魏哲家) told investors yesterday. By 2028, AI chips’ contribution to revenue would climb to about 20 percent from a percentage in the low teens, Wei said. “Almost all the AI innovators are working with TSMC to address the
FUTURE PLANS: Although the electric vehicle market is getting more competitive, Hon Hai would stick to its goal of seizing a 5 percent share globally, Young Liu said Hon Hai Precision Industry Co (鴻海精密), a major iPhone assembler and supplier of artificial intelligence (AI) servers powered by Nvidia Corp’s chips, yesterday said it has introduced a rotating chief executive structure as part of the company’s efforts to cultivate future leaders and to enhance corporate governance. The 50-year-old contract electronics maker reported sizable revenue of NT$6.16 trillion (US$189.67 billion) last year. Hon Hai, also known as Foxconn Technology Group (富士康科技集團), has been under the control of one man almost since its inception. A rotating CEO system is a rarity among Taiwanese businesses. Hon Hai has given leaders of the company’s six