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Cher Wang

From Wikipedia, the free encyclopedia

In thisChinese name,thefamily nameisWang vương.
Cher Wang
Wang at theWorld Economic Forumon 23 January 2008
Born(1958-09-14)14 September 1958(age 65)
Taipei,Taiwan
EducationUC Berkeley
OccupationEntrepreneur
Years active1997–present
Employer(s)HTC,VIA Technologies
Known forContributions to HTC and VIA; creating a fairly early model of smart phones in 1997
SpouseChen Wen-Chi
Children2[1]
Parent(s)Wang Yung-ching
Jiao Yang
RelativesCherlin Wang

Cher Wang(Chinese:Vương tuyết hồng;pinyin:Wáng Xuěhóng;born 15 September 1958) is a Taiwaneseentrepreneur.As co-founder and chairperson (since 2007[2]) ofHTC Corporationand integrated chipset makerVIA Technologies,she is one of the most successful women in computer technology.[3]Wang's father wasWang Yung-ching,[4]founder of the plastics and petrochemicals conglomerateFormosa Plastics Groupand one of the wealthiest individuals in Taiwan before his death in 2008.[5]As of 2014, she is listed as the 54th most powerful woman in the world byForbes.[6]

Early life

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Wang was born on 15 September 1958 inTaipei,Taiwan.She studied abroad atThe College Preparatory SchoolinOakland, California,and received her bachelor's degree in economics[7]from theUniversity of California, Berkeleyin 1981.

Career

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Wang joinedFirst International Computer(FIC) in 1982.[8]Wang and others founded VIA in 1987 and HTC in 1997. Smartphones are core products of both companies.[8]In May 2011,Forbesranked her, with husband Wen Chi Chen, as the wealthiest person in Taiwan, with a net worth of US$8.8 billion.[9]In August 2012, Wang was named No. 56 on Forbes' list ofThe World's 100 Most Powerful Women.[10]As of 2014,Forbeslisted her as the 54th most powerful woman in the world.[6]

VIA product VT3421, an anti-hack chip also named as TF376, was suspected of assisting the Chinese government in surveilling mobile devices of anti-communist and human rights activists. The case concluded with VIA losing and being fined millions of dollars.[11]The case was addressed in multiple tribunals before reaching closure, however. In October 2014, Cher Wang appealed the original arbitration's Final Award of the "HKIAC / A11022 arbitration". Wang asserted that the Award was contrary to public policy. In a hearing before Justice Mimmie Chan in the Hong Kong High Court (Case No.:HCCT40 / 2014), the defense counsel maintained that the Award violated Hong Kong's public order and morals.[12]In June 2015 the Judge remised the case back to Arbitrator Anthony Neoh. The tribunal upheld the conviction in October 2015. The unusual case was documented by the World Arbitration News which upholds the integrity of the HKIAC arbitration process.[13]

The hacking prevention chip VT3421/TF376 caused significant conflict in Taiwan. Eleven Legislative Senators suggested that the government suspend procurement of HTC-related communication products until the National Security Bureau and National Communication Committee completed a thorough investigation of the chip's backdoor issue.[14][15]In December 2020, the Taiwan High Court ruled that Cher Wang/VIA failed the case and put for enforcement.[16]

In March 2015, Cher Wang took over the CEO role from Peter Chou and returned to the day-to-day operations of HTC.[17]

In September 2017, HTC and Google announced a US$1.1 billion cooperation agreement, in which certain HTC employees will join Google and Google will receive HTC IP through a non-exclusive licensing agreement.[18]

Philanthropy

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Wang's Charity Foundations hold eight investment companies' stocks with a market value of over US$200 million. A news article stated that only US$27,000 (0.000135%) had actually been donated to charity.[19]Wang sued the reporter and the case failed in February 2018.[20]

In 2011 Wang donated US$28.1 million to help foundGuizhouForerunner College, a charitable college in southwest China set up by VIA Technologies' non-profit Faith-Hope-Love Foundation.[21]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 set up additional similar institutions in other parts of the country.

Wang has also made significant donations to theUniversity of California, Berkeley,including funding to enhance the American Physical Society's Oliver E. Buckley Condensed Matter Prize. The prize is given to researchers who make considerable contributions to the field ofcondensed-matter physics.[22]

Wang and Chen also fund a collaborative program between the psychology departments at UC Berkeley andTsinghua UniversityinBeijing.[23]The Berkeley-Tsinghua Program for the Advanced Study in Psychology aims to create and support collaborative psychology research between faculty and students from both universities.

In August 2012 Wang donated 6,000 HTC Flyer tablet PCs to 60high schoolsin Taipei.[24]

Personal life

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Wang is Christian. Her husband isWen Chi Chen,theCEOofVIA Technologies.She has two children. Wang says she prefers to stay out of the limelight.[8]She has been active in Taiwan's politics, however, supporting Taiwan PresidentMa Ying-jeouin his bid for re-election[25]and voicing her support for the1992 Consensus.[26]

LGBTQ controversies

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Wang has been accused of backing and funding anti-LGBTQ groups and activities in Taiwan, including cooperating with the US-based groupInternational House of Prayer.In 2018 it was reported that two non-profit organizations that Wang runs allegedly gave approximately $388 million to anti-LGBTQ groups in Taiwan over the past five years.[27]

Taiwan's Supreme Court ruled that the Civil Code's prohibition of same-sex marriage is unconstitutional and must be amended by 24 May 2019. On 4 May 2019, Wang and her "Faith, Hope & Love Foundation" along withDemocratic Progressive Partylegislator Lin Tai-hua drafted a "same-sex union" bill which contains a "fake marriage" clause. The clause would authorize prosecutors or social welfare agencies to request that a court intervene and abrogate a same-sex union if relatives within three degrees of consanguinity of either member of the union believe that it was not for the purpose of two people "living life together". The version also has a clause that says, "as one's conscience and freedom should not be affected by the enactment of this act, conveying or inculcating beliefs against the relationship described in Article 2 (same-sex union) does not constitute discrimination". The bill was called by Taiwan legislator and LGBT rights activistYu Mei-nu"stark discrimination against same-sex couples". Yu questioned anyone's right to scrutinize the sincerity of other couples' marriages.[28]

References

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  1. ^"Cher Wang".Forbes.
  2. ^"Executive Profile: Cher Wang".Businessweek. Archived fromthe originalon 10 April 2013.Retrieved5 March2013.
  3. ^"Most Influential Women in Technology 2011 – Cher Wang".FastCompany. 10 January 2011.Archivedfrom the original on 25 October 2012.Retrieved10 January2013.
  4. ^Kovac, Matt (11 July 2005)."Taiwan's Priestess of The PDA".Business Week. Archived fromthe originalon 20 September 2008.Retrieved8 August2008.
  5. ^"Wang, Billionaire who led Formosa Plastic death at 91".The New york Times.17 October 2008.Archivedfrom the original on 20 July 2014.Retrieved27 July2014.
  6. ^ab"The World's 100 Most Powerful Women".Forbes.Archivedfrom the original on 22 June 2019.Retrieved26 June2014.
  7. ^Adams, Jonathan (3 March 2010)."Strain on HTC From Apple Suit Is Likely to Be Long-Term".New York Times.Archivedfrom the original on 4 March 2010.Retrieved3 March2010.
  8. ^abcHolson, Laura (26 October 2008)."With Smartphones, Cher Wang Made Her Own Fortune".The New York Times.Archivedfrom the original on 11 May 2011.Retrieved29 October2008.
  9. ^Flannery, Russell (25 May 2011)."Taiwan's 40 Richest".Forbes.Archivedfrom the original on 27 May 2011.Retrieved25 May2011.
  10. ^"The World's 100 Most Powerful Women".Forbes.22 August 2012.Archivedfrom the original on 20 September 2017.Retrieved15 January2013.
  11. ^"VIA Annual Report"(PDF).VIA.Archived(PDF)from the original on 5 January 2017.Retrieved21 September2016.
  12. ^"Arbitration Proceedings HKIAC/AC11022"(PDF).Archived fromthe original(PDF)on 12 November 2021.Retrieved23 February2020.
  13. ^"Arbitration set aside".
  14. ^"Taiwan Legislative House Report Volume 103 No. 89"(PDF).Legislative Yuan Bulletin Volume 103 No. 89 Meeting Record. 19 December 2014.Archived(PDF)from the original on 11 November 2018.Retrieved11 November2018.
  15. ^"Legislative Yuan Bulletin Volume 103 No. 89 Meeting Record"(PDF).19 December 2014.Archived(PDF)from the original on 11 November 2018.Retrieved11 November2018.
  16. ^"VIA account and property enforced".
  17. ^"HTC Chairwoman Cher Wang Takes Over CEO Role From Peter Chou".Bloomberg.20 March 2015.Archivedfrom the original on 21 September 2017.Retrieved21 September2017.
  18. ^"Google and HTC Announce US$1.1 Billion Cooperation Agreement".htc.21 September 2017.Archivedfrom the original on 21 September 2017.Retrieved21 September2017.
  19. ^"False Charity".New7.Archived fromthe originalon 23 September 2016.Retrieved21 September2016.
  20. ^"HTC Chairwoman Cher Wang failed to reporter Yao".Archivedfrom the original on 11 November 2018.Retrieved11 November2018.
  21. ^ Cheng-yen, Han (24 September 2011)."HTC's Cher Wang opens vocational school in Guizhou".Want China Times.Archived fromthe originalon 17 February 2013.Retrieved15 January2013.
  22. ^"Buckley Prize Receives Major Donation from Taiwanese Company".APS News. November 2012.Archivedfrom the original on 19 September 2015.Retrieved15 January2013.
  23. ^Anwar, Yasmin (15 July 2010)."UC Berkeley psychologists bring science of happiness to China".US Berkeley News Center.Archivedfrom the original on 16 January 2013.Retrieved15 January2013.
  24. ^"HTC's Cher Wang ranked 56th on Forbes' list of powerful women".Want China Times.24 August 2012. Archived fromthe originalon 4 July 2013.Retrieved17 January2013.
  25. ^"Ma Ying-jeou wins Taiwan election,"Financial Times, 14 January 2012
  26. ^"I back 1992 Consensus as a true Taiwanese, says HTC's Cher Wang,"Archived21 February 2014 at theWayback MachineWant China Times, 14 January 2012
  27. ^Lang, Nico (23 November 2018)."HTC Founder's Non-Profit Backed Anti-Gay Groups Fighting Marriage Equality in Taiwan".INTOmore.Archivedfrom the original on 5 December 2018.Retrieved23 November2018.
  28. ^Lin, Sean (4 May 2019)."Controversial same-sex 'union' bill advances".Taipei Times.Retrieved16 May2019.
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