Focusing On Wang Xuehong: The Way To Start The Business Of "The Richest Woman" In Taiwan

Cher Wang

April 6th, Taiwan

This is one of the milestones of Wang Xuehong, chairman of HTC.

I am my father's daughter.

Wang Xuehong (Cher Wang) was born in 1958.

"From the very beginning, my father was always serious and busy in my impression."

Wang Xuehong was born in a big family. Wang Yongqing had three wives, and he had two sons and seven daughters.

"Elder sister Wang Guiyun is 11 years older than me, second sister Wang Xueling is 9 years older than me, brother Wang Wenyang is 7 years older than me."

Guo Fang Yue LAN did not give birth; the two bedroom Liao Jiao (Yang Jiao) gave birth to two men and three women, Wang Guiyun, Wang Xueling, Wang Wen Yang, Wang Xuehong, and his brother Wang Wenxiang; three room Li Baozhu was four gold coins for Wang family.

Liao Jiao's surname, Yang, was changed from surname to Liao because she was adopted. But in her later years, she wanted to change her original name.

At home when he was 15 years old, Wang Xuehong was thrown to San Francisco.

Lodged in a Jewish family.

There was only one Chinese in the school. The girl of this age should have adapted herself. However, Wang Xuehong felt free and had some discoveries about the environment.

Wang Xuehong recalls: the long-distance call fee was very expensive at that time. His father asked us to write to him and report what he did every day, including how to spend every piece of money.

Answering letters or being different from ordinary family letters: every once in a while, the father answers letters, which are very long and sometimes ten or twenty pages.

In his letter, he seldom talked about family ties and talked more about business. He would say how to manage, how to get to the bottom, how to solve problems, how to continue rationalization and so on.

"His writing is very careless, and for me at that time, the content is very difficult to understand."

Wang Xuehong's original interest in music, University of California at Berkeley, professional music department composing group.

"I wanted to be a pianist when I grew up."

But for a short period of time, she soon discovered that compared with her classmates, she might be lacking in talent.

I had a long talk with my teacher and pferred to the Department of economics.

However, her interest is still extensive, he chose English comparative literature, and he often listens to Bai Xianyong, a writer in Taiwan.

It is the author of Jin Daban's last night and the blood red azalea.

Wang Xuehong later received a master's degree in economics.

Formosa Plastics, 1978

In 1980, Wang Xueling and Jian Mingren set up a public computer company. It was reported that the initial capital was only $25 thousand.

The initial business is the mini computer that represents the US PRIME company.

At this time, it is quite forward-looking to set foot in PC, whether in personal career or in the perspective of industrial development.

After graduating from college in 1982, Wang Xuehong entered the mass computer.

The early work focused on sales, so at the computer exhibition in early 80s, if you saw a girl holding a table to set up a booth, or her.

In the introduction: during serving as general manager of Limited by Share Ltd PC division of Volkswagen computer, she led the company to enter the motherboard industry successfully.

No one is born to do business, even Wang Yongqing's daughter.

It is said that a large order was made in Spain, and the customer was an American, with an amount of US $700 thousand.

"When I graduated just now, I felt so excited about such a big list."

So they were busy feeding, manufacturing, delivering, and then adding goods.

The other party never paid.

Obviously, as a sales person, she didn't audit the colleagues' accounts very well.

"I think my world is over, and I must have ruined my sister and sister, too."

This newly born girl, with two employees, started the process of debt collection, stationed in Barcelona, rented a house, had no language, sought a lawyer through overseas students, and found a bodyguard. He spent so much six months without money.

When the IT enterprises in Taiwan entered the European market, it was at this time that Wang Xuehong went to Germany to sell the motherboard and gradually contacted some distributors.

"It was the trip to Europe that opened the market for the public in Europe, and the public first came to Europe."

In 1985, the public computer began to expand to the upstream of the industrial chain.

In 1987, Wang Xuehong inspected the southern part of the mainland on behalf of the Volkswagen computer. Volkswagen became one of the first Taiwanese companies to set up manufacturing bases there.

via

About the history of Weisheng, the company website showed that the company was founded in 1987 in Fremont, California.

That's in Silicon Valley.

"I also feel that I can do something and have the chance to meet Lin Zi Mu and Chen Wenqi at the very beginning.

My elder sister and my elder sister certainly wanted me to stay, so I probably went away after three or four years.

Many years later, when accepting the "world" interview, Wang Xuehong reviewed.

Chen Wenqi and Lin Zun two have studied at California Institute of Technology. Lin zhe Mu received a doctor's degree in computer science. Chen Wenqi is a master of Science in computer science. He also received a master's degree in electrical engineering from National Taiwan University. Chen Wenqi was a senior designer in Intel.

Wang Xuehong's understanding was: at the time, in the public computer, our motherboard was the number one in the world.

But all of our components are purchased from Taiwan and Mainland China.

So we sprouted the idea of developing our own chipset.

So when I met the small electronics company running the server and workstation chipset, in 1988, Wang Xuehong gave her mother a mortgage to her house and borrowed 500 NT dollars from the bank to buy the company, which was the later Weisheng electronics.

Basically, they want to be a fabless IC design company.

Logic is still very clear, the motherboard has CPU, DRAM and chipset, first exclude CPU, DRAM investment is huge, and finally only chip group.

CPU is the brain of the computer, and the chipset is the nerve of the system. The chip set (Chipset) forms the backbone of the motherboard circuit, and integrates the complex circuits in the past on a few chips.

Wang Xuehong noticed that the chipset developed rapidly in the US, and almost all of the leading researchers were from Taiwan.

In 1992, the company headquarters moved to Taipei to link up with the industrial chain.

Wang Xuehong didn't get Wang Yongqing's financial support when he started his own business. "We never thought about it," he never gave.

But she also laughs that "intangible assets" help a lot.

"For example, when I was in Weisheng, I wanted to find a strong team.

Why do they believe me? The best point is, "I am my father's daughter."

At that time, an overseas engineer's lover refused to let him come back. Eventually, Wang Yongqing's daughter came out in person and was able to release it smoothly.

They cut into an appropriate value-added point of the industrial chain, and became the third market in the global chipset market in 1996, and promoted to second in the world in 1997.

That is to say, it is the second largest chipset supplier after Intel.

Companies in the same area also have silicon manufacturers in Taiwan.

The company website pointed out that Weisheng electronics launched the first chip solution in 1999, which is compatible with Intel Pentium III and AMD Athlon processor PC133 SDRAM storage standard.

This is a very important thing to write a book, probably before Intel launched the Rambus memory specification supporting PIII, while Weisheng recognized the trend of PC price falling, so it launched the chipset of PC133 architecture.

As long as the cost of the 1/3 is equal to the cost of the former, the memory manufacturer can switch to the new generation architecture.

Sparking public opinion, this is just a new company with less than 2000 employees.

The company website pointed out that Weisheng launched DDR SDRAM technology that can be used on the main processor platforms in 2001, thus further consolidating its leading position in this field.

In March 5, 1999, the stock of Weisheng Electronics was officially listed on 120 yuan.

But for this year, the content is really too rich.

In June of that year, Intel filed a complaint against Weisheng, asking the US Department of Commerce to ban Weisheng electronics from sending Intel compatible chipsets to the United States.

In the same year, Weisheng bought the Centaur processor unit of Cyrix and IDT of National Semi-conductor Corporation and entered the microprocessor market.

There is a history. In 1997, National Semiconductor purchased Cyrix for $550 million. At that time, it wanted to set foot in cheap computers, but after that, the price competition was fierce, so it had to announce its withdrawal from the PC processor domain, and Weisheng won Cyrix for 167 million dollars.

In April 2000, Weisheng bought S3 company for $322 million, and involved in graphics chip.

S3 and Intel have signed an interactive authorization agreement.

In November, the youth weekly weekly quoted Intel manager Nigel Singh as the former Intel Developer Forum. He believed that the company was more threatening than AMD.

He said: now, more and more first-class silicon chips are from Taiwan.

Second, their capital is low.

The manufacturers there will become more competitive and will exceed AMD.

They are a powerful force, and we must take them seriously.

In August 2000, an article published in Forbes pointed out that shipments of Taiwan semiconductor maker Weisheng increased by 4 times in the first half of last year to 4 million.

Optimism predicts that early next year, it will surpass Intel's chipset sales.

In 2000, its stock price rose continuously, reaching 629 yuan, and became the "stock king".

A middle-level manager who worked for Wang Xuehong for many years said that she would try every means to invite the other person for the talents she wanted.

High salary, high position is certain, but she does more, will make you feel enough to be valued.

{page_break}

htc

In May 15, 1997, Wang Xuehong, Zhuo Huo Tu and Zhou Yongming joined hands with several engineers to set up the High Tech Computer Corporation (HTC) in Taoyuan, Taiwan, in the name of Tech.

HTC is different from Weisheng. Wang Xuehong's personal preference is a very important aspect.

8 years later, in the face of the JINGWAH times, Wang Xuehong recalled: I hate notebook, too heavy, but I often have to see some E-mail and so on.

I wonder if I can make something to carry with me, and at the same time have the most functions of call and computer, so that when we go out, we don't need to bring such complicated things as cell phones and notebooks.

There is also a source. In 1997, when Compaq Computer bought Digital company, Taiwan called Di Ji do, and Zhuo Huo Tu who was working in di Ji do not want to join Compaq, Wang Xuehong agreed with him.

Zhuo Huo Tu served as the head of Digital engineering department in Taiwan. He graduated from Taipei polytechnic school early, Zhou Yongming served as director of Digital server department, and graduated from the Department of electronic engineering of Taiwan Ocean University.

"Zhou Yongming is always a new idea that is unexpected, and the characteristics of the poet are so great, but the fire is rigorous and pragmatic. He will always remind you to pay attention to the cost and pay attention to the operability of the technology."

The current CEO is Zhou Yongming.

At first, it was difficult for people to keep up with Wang Xuehong's thoughts. In the September 3, 2009 financial times related report, he quoted Wang Xuehong as saying, "I want to do PDA only.

But if you say, "we want to make notebooks," recruitment will be much easier.

So we hired a group of people to produce notebooks.

At that time, Windows CE came out, of course, when the mainstream of the market was PalmOS. Wang Xuehong was acutely aware of the opportunity and became the first Windows CE fan to pay the authorization fee to Microsoft.

There is no doubt that there is a process in between. Wang Xuehong recalls that when he first took the PDA sample and showed it to Gates, he was very surprised.

The cooperation between Microsoft and HTC started like this.

In May 1998, the world's first handheld computer was formally released on mass production.

When the product is ahead, people do not understand why they want to buy it. HTC began losing money at first, then continued to lose money, with a loss of up to NT $1 billion, and lost all capital.

But Wang Xuehong decided to go ahead. "There is money on that side, and I will continue to inject capital into HTC."

In 2000, it was a turning point. HTC signed a contract with Compaq for iPAQ handheld computers.

In 2001, the total volume of palmtop shipments was 2 million 897 thousand, nearly half of that from HTC.

In March 26, 2002, Hongda shares were listed, and the bull stock market began.

In the same year, Microsoft released the Pocket PC Phone Edition operating system, no longer a PDA but a mobile phone. In May 2002, HTC launched the world's first Wireless Pocket Pocket based on Pocket PC Phone Edition.

Smart phone based on Smartphone 2002 was launched in October 2002.

So, are we going to let PC manufacturers sell their phones?

Looking at the environment, European operators are promoting the application of 2.5G, although Zhou Yongming needs to adapt to the operators' thinking.

In the end, O2, a British mobile operator, reached an agreement with HTC.

The new market opportunities have been opened. The company website reviews: HTC has established a unique cooperative relationship with the major mobile device branding industry, including five leading telecom companies in Europe, the largest four in the United States, and many fast growing telecom operators in Asia.

Back to the mainland market, in August 2002, Dopod 686 was promoted jointly with Zhang Yimou's movie hero.

Dopod released the first smart phone Dopod 686 with Windows Mobile system, emphasizing that it is the first truly smart phone released in China.

In 2001, returnees Yang Xingping arranged for Dopod, and Wang Xuehong invested in his personal name and worked with China Electronics Group Company to produce and sell Dopod mobile phones in the mainland.

In an interview with Yang Xingping, there was a passage: I think design can become the driving force to drive China to create in China.

I am not talking about traditional industrial design, but combining user experience design, business model design with industrial design.

The company introduces the relationship between HTC and "double Dopod": HTC has two Dopod, Dopod international Limited by Share Ltd and Dopod Communication Corp.

Dopod international Limited by Share Ltd headquarters in Taiwan, the factory in Hsinchu, Taiwan; and Dopod Communication Corp headquarters in Shanghai, factories in Wuhan.

Weisheng and HTC are developing at the same time, so there are two points to be divided into:

In September 7, 2001, Intel filed a complaint against Weisheng, which sells P4 and CPU chipsets P4X266 and P4M266, which have not been licensed by Intel, violated Intel's 5 patents.

For only two days, Intel's P4 chip and the 845 chipset part were designed to invaded the patent.

Subsequently, the global market share of the wafer group fell and market value continued to fall.

In 2002, Weisheng acquired the CDMA2000 Design Department of LSI Logic, thus creating the company of Weishi Electric Co., Ltd., expanding the chip platform to the telecommunications industry.

Our headquarters is located in San Diego, California.

Mose had been there for 40 years to reach the holy land of Canaan.

Later, when interviewed, Wang Xuehong recalled: at first, when Chen Wenqi took the name of the Canaanite plan, I said, "it's hard, it will take 40 years."

Company website introduction: in 2002, Weisheng implemented "Canaan action", and Weisheng divided its main business items into different business units according to core product categories.

In 2003, Weisheng electronics and Weichang Technology Co., Ltd. were established. They are the development of Weisheng optical memory division and network business department, and are the direct embodiment of Wilson diversification strategy.

Chen Wenqi said that the Canaan plan is to launch a platform solution for the next generation of computers, not only enhancing graphics, wireless communication, but also compatible with all operating systems, and also locking down low cost and large number of new applications.

The pressure of managers suddenly grew larger. There were reports that Wang Xuehong would always love to sing a forest herd to KTV. She would not sing with her colleagues on the stage.

In the wake of the lawsuit against Intel, the legal department was only a few people in 1998. After that, the number of patent lawyers increased to 30, while the number of legal consultants employed in six involved cities was one hundred or two hundred.

Wang Xuehong later recalled that she had participated in more than 100 hearings around the world.

It has been reported that in the morning, Wang Xuehong will start with a long run.

"God has always told me that lazy people will be very bitter. If you go to bed again, your" barn "will be robbed by others.

IT partner

In April 2003, Weisheng reached a settlement with Intel. Both sides announced the withdrawal of all proceedings and signed a 10 year mutual authorization agreement on the existing product line.

It involves complex market equilibrium thinking, and can write a book, which is understood by different parties.

After that, the relationship between Weisheng and Intel is "competitive and cooperative."

In an interview with the twenty-first Century economic report, Wang Xuehong pointed out: in cooperation, hardware manufacturers may choose Intel's CPU while choosing the Weisheng chipset. We are different links in the industrial chain. In terms of competition, we have competition in CPU.

In August 6, 2003, people were informed of a good news. Chen Wenqi, the general manager of the golden bachelor, finally got married, and the other half was his immediate superior, Wang Xuehong.

After the company came off duty, a notice was posted on the website of Weisheng. It was released by Chen Wenqi. He thanked God for his blessing and shared the joy with you.

Chen Wenqi joined 36 when he was in Weisheng, and then corresponded with his career success. His personal problems became the concern of the industry. "My great event, God will arrange for me."

However, the life of no one is quite unruly, and his T-shirt is covered by his outside suit.

Of course, usually no tie.

In fact, the two people's business has been rumored for a long time. A few years ago, there was a saying that two people registered in Las Vegas, but it has not been confirmed.

Of course, as a company employee, who dares to ask.

About the performance of Weisheng, in 2006, the vision, August, published the text of "very Wang Yongqing's Wang Xuehong". There is a summary: in 2001, it earned 5 billion 300 million NT dollars, earned 400 million in 2002, 1 billion 600 million in 2003, and 5 billion in 2004.

It was better last year, but it only earns 120 million.

In the past five years, Weisheng not only failed to make money, but also lost 739 million yuan.

But during this period, Weisheng practiced a new direction. Chen Wenqi pointed out: "what is the most essential requirement of IT?

Is it the only way to develop chips to accelerate computing speed?

Does chip performance need to be at the expense of increasing energy consumption? "

The company website points out that the Weisheng Linglong processor family and the Weisheng C7 processor family are specific to various devices based on low power consumption and performance standards.

Meet the higher performance requirements of mainstream desktops and laptops, no fan operation, and battery energy saving for mobile devices.

Then go to the story of HTC: Zhou Yongming and Andy Rubin, one of the founders of Danger, a smart phone company, have long known Andy Andy.

Lubin later founded Android company, and we know that Google acquired Android in July 2005.

Lubin said that Android is not a mobile phone operating system, but a "cloud", which provides the environment for third party developers.

At this time, Android is not the key. The key is that the mode of OEM has hindered the potential of the company in innovation, and the product needs to be branded.

But the difficulties can be imagined, "the discussion lasted for three years, and many times heated debate."

Wang Jinghong, director of marketing in 2010, accepted the interview with "Chinese entrepreneur". "The Board considered the worst consequence. It only sprained the foot or died, and finally felt that it would not die. Failure could come back again."

In 2007, we know that iPhone has been released. Zhou Yongming has a positive understanding that Apple has a high reputation, so it can drive the smartphone market as a whole.

The first self owned brand is "HTC Touch". Through its TouchFLO touch screen technology, it can be dragged by fingers, and sales volume has broken through millions.

In November, Sprint Nextel, the third largest mobile operator in the US, CO operated with HTC for the sale of Touch phones, using the Windows Mobile 6 operating system, and the two-year contract price was $249.99.

Media commented on confrontation with apple.

On the morning of 15 October 2008, Wang Yongqing died in the United States, enjoying 92 years old.

Not long before Wang Yongqing died, Wang Xuehong ate with his father. "I also gave him a cell phone made by HTC. He played with his cell phone and talked about the situation of mainland investment in different places in Taiwan.

I didn't expect him to be away in a few days. "

Wang Xuehong recalled, "let me know from this matter that you want to do it, do not hesitate."

Wang Xuehong wrote in the expectation of embracing father in heaven: looking back, I have been doing things for so many years that my father has always been the benchmark of my heart.

I always think that I am Wang Yongqing's daughter, and no matter what, I can't hurt my father's reputation.

Wang Xuehong was elected director of Formosa Plastics in June 2009.

{page_break}

Richest man

In fact, shortly after the launch of Weisheng, Wang Xuehong became the richest woman in Taiwan.

In the Taiwan fortune list in 2001, third of them were Wang Yong, father of Wang Yongqing, fourth, Wang Yongqing, Wang Xuehong ranked fifth, followed by IT Godfather Acer founder Stan Shih.

In BusinessWeek 2005, Wang Xuehong was the only woman among the 25 "Asian stars".

Wang Xuehong recalled: I remember that I had just been elected the first richest woman in Taiwan. My father's friend asked him what he felt. He shook his head and slowly said, "she is far away."

A few years later, I was chosen as "the star of Asia". My friend asked his father again, though he did not laugh, there was still a hint of pride in his eyes.

In 2008, HTC launched its first Android smart phone, G1.

Since then, it has become the largest Android mobile phone manufacturer.

So HTC crossed the two major platforms and talked about Gates in an exclusive interview in 2009. I remember once when Bill Gates saw the smart phone we developed, he said, "you are the greatest Hard Suits Inc."

He did not want to say that we are the greatest company, because he took Microsoft for granted.

Market research firm NPD data show that in the fourth quarter of 2010, the share of HTC in the US market exceeded that of apple and RIM, becoming the largest smartphone manufacturer, with a market share of 20%.

In 2010, HTC's share price continued to rise, becoming one of the top three companies in Taiwan technology company. The top two were Taiwan integrated circuit manufacturing and Hon Hai Precision.

This day has arrived. In March 2011, Forbes released the list of global billionaires. Wang Xuehong Chen Wenqi became the richest man in Taiwan with $6 billion 800 million. The runner up was the Fubon Cai Wancai family, whose total assets were about $6 billion 300 million, and last year's champion Terry Gou was 5 billion 700 million dollars, ranking third.

The market value surpassed NOKIA is a startling change. HTC's market value is 30 times higher than that of five years ago.

Goldman Sachs analyst Robert Chen (Robert Chen) pointed out that HTC is in a very advantageous position, and it will benefit from the trend of broadband convergence and the huge growth potential of emerging markets.

Wang Xuehong had further imagination. At the media conference in 2007, she talked about the future: the sunglasses I was wearing might be a terminal device. When I walked on the road, I saw a picture taken. When I wanted to listen to the symphony, it began to ring. When I wanted to deal with the company's affairs, the air showed a screen, and I processed mail and files on the blue sky and white clouds.

Isn't that good?

Wang Xuehong also took care of new energy sources. In 2010, he joined in the solar energy battery factory Shengyang branch's capital increase.

There are more than 10 enterprises in Wang Xuehong as chairman of the board. In fact, there are as many as more than 30 enterprises, whose management is a typical Buffett mode.

"What I do every day is to understand them and challenge them."

When interviewed by Global Entrepreneur, Wang Xuehong said, "more importantly, they can feel that they have no worries."

On one occasion, Wang Xuehong answered the Proust questionnaire: what do you think is the most luxurious?

Wang Xuehong: no need to buy things everywhere.

What is your most treasured property?

A: children are our best industry.

In 2005, the media published "Wang Xuehong's IT Empire dream". In the article, I talked about family: Wang Xuehong has two sons, the oldest is 16 years old, the second is 10 years old, and he lives in the United States.

Wang Xuehong said she never interfered in the direction of her children's future development, but in her mind, she hoped that the two children would become clergyman in the future instead of wishing them to inherit their careers.

Yang Jiao died in March 3, 2011 at the age of 88.

According to reports, including the eldest son Wang Wenyang, daughter Wang Xuehong and others are accompanied by her side.

Wang Xuehong later said, "my mother is the most important and influential person in my life. Although my mother has been separated from us for a while, I know that she is in heaven with the Lord."

In March and April, 15 days after the media, Wang Xuehong, who believed in Christianity, found her husband fixed with her husband Chen Wenqi and her eldest son. He took a taxi to the church and had 250 yuan curry.

How did she feel about being the new richest person in Taiwan?

Is there any pressure?

Wang Xuehong said, "am I smiling?"

Then he held the reporter and asked, "do you want to go to church with me today?"

On the night of March 31st, the Hongkong Television Broad-casts Limited (TVB) announced that the equity trading between the investment group formed by Wang Xuehong and De Xiang Chen Guoqiang and Providence Equity Partners LLC and Shaw Brothers Co., Ltd. had been completed.

After the completion of the paction, investment group held about 26% of TVB shares.

The Television Broad-casts Limited of Hongkong was officially launched in November 19, 1967.

At the beginning, there were only about two hundred employees, and now there are 4200 full-time employees.

With the analysis of Taiwan economists, Wang Xuehong's focus is to combine mobile communications with the media industry to occupy the smart phone market.

"I am very pleased to have the honor to participate in the development and growth of TVB, and I hope it will bring continuous innovation and long-term progress to TVB."

Wang Xuehong said.

epilogue

Unlike most of us, entrepreneurs experience a different life. They are anxious every day. They choose each day. They need to explore every day and always focus on tomorrow.

Of course, everyone will experience their own life trajectory and accept uncertain changes. But for some people, the trajectory of entrepreneurs is the only choice.