In 1976, Acer Inc. was named as ‘Multitech International’ and started by designing hand-held electronic games and later went on to distribute semi-conductors which they had imported for lower costs from developing countries. The company was found by Stan Shih Chen Jung and his friends in 1976 with an initial investment of $25,000.
In 1981, the company name changed to ‘Acer Inc.’, and became a Taiwanese Multinational hardware and electronics corporations, headquartered in Xizhi, New Taipei City, Taiwan. Their products include desktop PCs, laptop PCs, tablets, servers, storage devices etc.
In the early 2000s, Acer implemented a new business model, shifting from a manufacturer to a designer, marketer and distributor of products, while performing production processes via contract manufacturers. In 2015, Acer was the sixth-largest personal computer vendor in the world. Currently, in addition to its core IT products business, Acer also has a new business entity that focuses on the integration of cloud services and platforms, and the development of smartphones and wearable devices with value-added Internet of Things (IoT) applications. Acer is celebrating its 40th anniversary in 2016 and is one of the world’s top 5 PC companies. It employs 7,000 people worldwide and has a presence in over 160 countries. Please visit www.acer.com for more information.