Fleet of Companies




In September 2018, Acer spun off its gadget product business unit and found GadgeTek Inc. (G.T.I.), a company that is dedicated to providing smart gadgets that enhance the quality of life. Some notable products include Leap Beads; Leap Beads are designed to help people keep track of recited mantras. But instead of using them in conjunction with a metal counter, a companion app will record every prayer. A lotus blossom at the top of your current results opens slightly the closer you get to your goal. In addition to prayers, the beads also record your footsteps like a regular fitness tracker.

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History

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Acer was founded in 1976 by Stan Shih (施振榮), his wife Carolyn Yeh, and five others as Multitech in Hsinchu City, Taiwan. The company began with eleven employees and US$25,000 in capital. Initially, it was primarily a distributor of electronic parts and a consultant in the use of microprocessor technologies. It produced the Micro-Professor MPF-I training kit, then two Apple II clones–the Microprofessor II and III–before joining the emerging IBM PC compatible market and becoming a significant PC manufacturer. The company was renamed Acer in 1987. In 1998, Acer reorganized into five groups: Acer International Service Group, Acer Sertek Service Group, Acer Semiconductor Group, Acer Information Products Group, and Acer Peripherals Group. To dispel complaints from clients that Acer competed with its own products and to alleviate the competitive nature of the branded sales versus contract manufacturing businesses, the company spun off the contract business in 2000, renaming it Wistron Corpora
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2013 re-organisation

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In November 2013, chairman and CEO J.T. Wang and president Jim Wong both resigned due to the company's poor financial performance. Wang had been reportedly due to leave Acer at the end of the year, and was supposed to have been succeeded by Wong. Acer co-founder Stan Shih took over as board chairman and interim president after the departure of Wang and Wong, and began to search for new candidates to assume the roles of CEO and president. On 23 December, Acer named Jason Chen, then the vice president of worldwide sales and marketing at Taiwan Semiconductor Manufacturing, as its new president and CEO, effective 1 January.
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Acquisitions and joint ventures

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In 1988, Acer acquired Counterpoint Computers. In 1990, Acer acquired Altos Computer Corporation. In 1993, Acer acquired the PC division of Commodore International. In 1997, Acer acquired Texas Instruments notebook computer business. On 27 August 2007, Acer announced plans to acquire its US-based rival Gateway, Inc. for US$710 million. Acer's former chairman, J.T. Wang, stated that the acquisition completed Acer's "global footprint, by strengthening its United States presence". Included in this acquisition was the eMachines brand. In January 2008, Acer announced that it had acquired a controlling interest of 75% of Packard Bell. In March 2008, Acer acquired Taiwanese electronics manufacturing company E-TEN. In 2009, Acer acquired 29.9% of Italian computer system manufacturer Olidata. In August 2010, Acer and Founder Technology signed a memorandum of mutual understanding to strengthen their long term PC business cooperation. In July 2011, Acer bought iGware In
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