In the world of business and technology, there are some stories that truly are amazing. In the case of Stan Shih, who founded Acer Computers, the story is one that deserves a wider audience; few Americans know his name, but his inventions have influenced almost everyone on Earth.
Stan Shih was more than a typical business executive or a computer expert. Instead, Shih is one of the few executives who made an effective transition between the very different worlds of engineering/computer programing and multi-billion dollar business executive. Shih’s significance to the world began in 1971. At that time, the Taiwan-born developer created Taiwan’s first desktop calculator. Successfully marketing his calculator, Shih did not rest on his first major industrial accomplishment. Instead, the next year, Shih helped form Qualitron Industrial Group and spearheaded the creation of the pen watch.
What Stan Shih became known for, at least in Asia, was founding a little computer company called Multitech International Corp. Multitech International Corp. grew and it soon evolved into a computer manufacturer known as Acer. Shih led the company from a $25,000 startup to become one of the largest computer manufacturers on Earth. When Shih left Acer in 2004, it was fifth in the personal computer vending market.
In his tenure as Founder and CEO of Acer, virtually every respectable publication in the business world named him one of the most influential people in the world. In 2006, Time Magazine credited Shih with revolutionizing Taiwan’s industrial sector to create the infrastructure to make it a dominant PC-manufacturer. Shih deserves those accolades; it was his leadership and skill that nurtured the developing market to make it one of the most important technology sectors in history. Far from the toys and trinkets Taiwan produced before, Shih’s Acer made a viable, seemingly limitless, production industry for the country.
Since retiring from the day-to-day management of Acer, Stan Shih has shifted his focus to business pursuits. Never forgetting how the IT industry made his career, Stan Shih founded iD SoftCapital, which is a financing company for emerging technology companies. As the Group Chairman of iD SoftCapital, Stan Shih continues to shape the technology world by making business decisions that fund what he believes are the most profitable emerging technologies.
From the desktop calculator to the next generation of computer and electronics products, Stan Shih has left an indelible footprint on the world!
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