MarketStan Shih
Company Profile

Stan Shih

Stan Chen-Jung Shih is a Taiwanese businessman and engineer who is the co-founder and honorary chairman of Acer Inc.

Early life
Stan Shih was born on December 18, 1944, in Lukang, Changhua County, Taiwan, which was under Japanese rule at the time. As a child, Shih was reserved and introverted. Initially, he showed a stronger interest in the liberal arts but did not excel academically. However, his focus shifted after he won first place in a science and mathematics competition during high school, which encouraged him to pursue those subjects more seriously. He graduated from high school in 1962 and later enrolled at National Chiao Tung University (NCTU), where he studied electronic engineering at the Electronic Engineering Research Institute. During his time at NCTU, Shih became more outgoing and actively participated in campus activities. Despite opportunities to study abroad, he chose to remain in Taiwan to stay close to his mother, eventually obtaining a bachelor’s and master's degree in 1971. == Family ==
Family
Stan Shih married Carolyn Yeh (Yeh Chi Hua) on Teacher's Day, September 28, 1971. Stan and Carolyn met though a mutual classmate during Shih's junior year of college. The two went on to have three children together: two sons and a younger daughter, Shih's oldest son Maverick Shih took on his mother's job in 2015 and is currently president of Acer's Build Your Own Cloud (BYOC) and Cloud Computing division. == Involvement in Acer ==
Involvement in Acer
Originally named Multitech in 1976, Acer was founded by 32-year-old Stan Shih alongside five other coworkers and his wife, Carolyn Yeh. Under his leadership, Acer grew into a global powerhouse dominating computer hardware and electronics, reaching a valuation of $5.8 billion by 1996. Shih drew inspiration from companies like Sony for their creativity and Philips for their journey from a small country to international success. However, Shih returned to Acer to lead its restructuring efforts following a disappointing quarterly performance in November 2013, during which he proposed reducing the workforce by 7 percent to mitigate losses. He officially retired for a second time in June 2014. Shih remained active in charity work during his retirement, including serving as Taiwan's Special Envoy in the APEC Australia 2007. In November 2013, Shih returned to Acer after being reinstated as president and chairman. Currently, he serves on the boards of Acer Inc., Taiwan Semiconductor Manufacturing Co., Nan Shan Life Insurance Co., Ltd., Taiwan Public Television Service Foundation and Chinese Television System. He is the chairman of Cloud Gate Culture and Arts Foundation, the head of Taiwan Connection Fun Club, One Song Orchestra Fun Club, the convener of the Cultural Tech Alliance, Taiwan and the chairman of CT Ambi Investment and Consulting Inc. ==References==
tickerdossier.comtickerdossier.substack.com