Cher Wang

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Cher Wang
Cher Wang in WEF.jpg
HTC CEO Cher Wang shows new mobile phone motherboard at the World Economic Forum on January 23, 2008
Born (1958-09-14) 14 September 1958 (age 60)
Nationality Taiwanese
Citizenship  Republic of China
Education UC Berkeley, 1981
Occupation Entrepreneur
Years active 1997-present
Employer HTC, VIA Technologies
Known for Contributions to HTC and VIA; creating a fairly early model of smart phones in 1997
Home town Taipei, Taiwan
Net worth US$1.1 billion
Spouse(s) Chen Wen-Chi
Parent(s) Wang Yung-ching
Jiao Yang
Relatives Cherlin Wang
Awards Forbes World's Billionaires list, 2010, 2011, 2012; Forbes World's Most Powerful Women list, 2012, 2014

Cher Wang (traditional Chinese: 王雪紅; simplified Chinese: 王雪红; pinyin: Wáng Xuěhóng; (1958-09-15)15 September 1958) is a Taiwanese entrepreneur and philanthropist born in Taipei, Taiwan. As co-founder and chairperson (since 2007[1]) of HTC Corporation (which manufactured one out of every six smartphones sold in the United States) and integrated chipset maker VIA Technologies. She is considered one of the most powerful and successful women in technology.[2] Wang's father was Wang Yung-ching,[3] founder of the plastics and petrochemicals conglomerate Formosa Plastics Group and one of the wealthiest individuals in Taiwan before his death in 2008.[4] As of 2014, she is listed as the 54th most powerful woman in the world by Forbes.[5]

Education[edit]

Wang studied abroad at The College Preparatory School in Oakland, California, and went on to receive her bachelor's degree in economics[6] from the University of California, Berkeley in 1981.

Career[edit]

She joined First International Computer (FIC) in 1982.[7] Wang and others founded VIA in 1987 and HTC in 1997. In May 2011, Forbes ranked her with husband Wen Chi Chen as the wealthiest person in Taiwan, with a net worth of US$8.8 billion.[8] In August 2012, Wang was named #56 on Forbes' list of The World's 100 Most Powerful Women.[9] As of 2014, she is listed as the 54th most powerful woman in the world by Forbes.[5]

In Oct. 2014, Cher Wang refused to accept the Final Award of the "HKIAC / A11022 arbitration" and appealed to the Hong Kong High Court (Case No.:HCCT40 / 2014) before Judge Mimmie Chan. Wang asserted that the Award was contrary to public policy. VIA product VT3421, an anti-hack chip (also named asTF376) was suspected in assisting the Chinese government of surveilling mobile devices of anti-communist and human rights activists. VIA executive Li Shaolun (Steven S. Lee) admitted in the proceedings that VIA chips did have "back door". The Hong Kong HKIAC sentenced VIA with compensation.[10][clarification needed] In a hearing before the Justice Mimmie Chan, in the High Court of Hong Kong, she[who?] said she believed the Award was in violation of Hong Kong's public order and morals. In June 2015 in she remised the case back to Arbitrator Anthony Neoh. The tribunal upheld the conviction in October 2015, and VIA lost the case for millions of dollars.[11]

In March 2015, Cher Wang took over the CEO role from Peter Chou and returned to the day-to-day operations of HTC.[12]

In September 2017, HTC and Google announced a US$1.1 billion cooperation agreement, which involved certain HTC employees would join Google, and Google would receive HTC IP through a non-exclusive licensing agreement.[13]

Wang’s Charity Foundations are holding eight investment companies’ stocks with market value of over US$200 millions. However, only US$ twenty-seven thousand has been donated to charity(0.000135%) [14]

Philanthropy[edit]

In 2011 Wang donated US$28.1 million to help found Guizhou Forerunner College, a charitable college in southwest China set up by VIA Technologies' non-profit Faith-Hope-Love Foundation.[15] The not-for-profit college aims to provide three years of free or low-cost education to students from low-income families. Wang has stated that if the college proves successful she may well set up additional similar institutions in other parts of the country.

Wang has also made significant donations to the University of California, Berkeley, including funding to support and enhance the prestigious American Physical Society's Oliver E. Buckley Condensed Matter Prize, given to researchers who make considerable contributions to the field of condensed-matter physics.[16]

Wang and Chen also provide funding to support a collaborative program between the psychology departments at UC Berkeley and Tsinghua University in Beijing.[17] The Berkeley-Tsinghua Program for the Advanced Study in Psychology aims to create and support collaborative, psychological research between faculty and students from both universities.

In August 2012 Wang donated 6,000 HTC Flyer tablet PCs to 60 high schools in Taipei.[18]

Personal life[edit]

Wang is an avid philanthropist who says she prefers to stay out of the limelight despite her many accomplishments.[7] She has begun to insert herself in Taiwan politics, however, by supporting Taiwan President Ma Ying-jeou in his bid for re-election[19] and by voicing her support for the 1992 Consensus.[20] Her husband is Wen Chi Chen, the CEO of VIA Technologies. Wang is Christian. She has two children.[7]

References[edit]

  1. ^ "Executive Profile: Cher Wang". Businessweek. Retrieved 5 March 2013. 
  2. ^ "Most Influential Women in Technology 2011 - Cher Wang". FastCompany. Retrieved 10 January 2013. 
  3. ^ Kovac, Matt (2005-07-11). "Taiwan's Priestess of The PDA". Business Week. Retrieved 2008-08-08. 
  4. ^ "Wang, Billionaire who led Formosa Plastic death at 91". The New york Times. Retrieved 27 July 2014. 
  5. ^ a b "The World's 100 Most Powerful Women". Forbes. Forbes. Retrieved 26 June 2014. 
  6. ^ Adams, Jonathan (2010-03-03). "Strain on HTC From Apple Suit Is Likely to Be Long-Term". New York Times. Retrieved 2010-03-03. 
  7. ^ a b c Holson, Laura (2008-10-26). "With Smartphones, Cher Wang Made Her Own Fortune". The New York Times. Retrieved 2008-10-29. 
  8. ^ Flannery, Russell (2011-05-25). "Taiwan's 40 Richest". Forbes. Retrieved 2011-05-25. 
  9. ^ "The World's 100 Most Powerful Women". Forbes. 2012-08-22. Retrieved 2013-01-15. 
  10. ^ "VIA and Falungon". One Magazine (Chinese). 
  11. ^ "VIA Annual Report" (PDF). VIA. 
  12. ^ "HTC Chairwoman Cher Wang Takes Over CEO Role From Peter Chou". Bloomberg.com. 2015-03-20. Retrieved 2017-09-21. 
  13. ^ "Google and HTC Announce US$1.1 Billion Cooperation Agreement". www.htc.com. September 21, 2017. Retrieved September 21, 2017. 
  14. ^ "False Charity". New7. 
  15. ^ Cheng-yen, Han (24 September 2011). "HTC's Cher Wang opens vocational school in Guizhou". Want China Times. Archived from the original on 17 February 2013. Retrieved 15 January 2013. 
  16. ^ "Buckley Prize Receives Major Donation from Taiwanese Company". APS News. November 2012. Retrieved 2013-01-15. 
  17. ^ Anwar, Yasmin (2010-07-15). "UC Berkeley psychologists bring science of happiness to China". US Berkeley News Center. Retrieved 2013-01-15. 
  18. ^ "HTC's Cher Wang ranked 56th on Forbes' list of powerful women". Want China Times. 24 August 2012. Archived from the original on 4 July 2013. Retrieved 17 January 2013. 
  19. ^ "Ma Ying-jeou wins Taiwan election," Financial Times, January 14, 2012
  20. ^ "I back 1992 Consensus as a true Taiwanese, says HTC's Cher Wang," Archived 21 February 2014 at the Wayback Machine. Want China Times, January 14, 2012

External links[edit]