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Semi-Tech
International Semi-Tech Microsystems or Semi-Tech Microsystems (STM) was a Canadian-based household and consumer products firm in Markham, Ontario. Semi-Tech Corporation's former head offices were at 131 McNabb Street (Warden Avenue and 14th Avenue) and near Woodbine Avenue and 14th Avenue (2880 14th Avenue). Founded by Chinese-born Hong Kong-Canadian businessman James Ting in 1981, the firm had manufacturing facilities in China. Macau gambling tycoon Stanley Ho was once the firm's Chairman. The firm once traded on the Toronto Stock Exchange (SEM.A and SEM.B). It was renamed Semi-Tech Corporation in 1994 as it diversified into consumer products. The company had bad bonds and millions of dollars of Canadian shareholders were burned. By late 1999, the company had just $600,000 in cash and unpaid debts of $650 million. It filed for bankruptcy in 2000. Ting was convicted of false accounting on Semi-Tech and its successor Akai Holdings and his other business Singer Corporation. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Singer Corporation
Singer Corporation is an American manufacturer of consumer sewing machines, first established as I. M. Singer & Co. in 1851 by Isaac M. Singer with New York lawyer Edward C. Clark. Best known for its sewing machines, it was renamed Singer Manufacturing Company in 1865, then the Singer Company in 1963. It is based in La Vergne, Tennessee, near Nashville. Its first large factory for mass production was built in 1863 in Elizabeth, New Jersey. History Singer's original design was the first practical sewing machine for general domestic use. It incorporated the basic eye-pointed needle and lock stitch, developed by Elias Howe, who won a patent-infringement suit against Singer in 1854. Singer obtained in August 1851 for an improved sewing machine that included a circular feed wheel, thread controller, and power transmitted by gear wheels and shafting. Singer consolidated enough patents in the field to enable him to engage in mass production, and by 1860 his company was the la ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James Ting
James Henry Ting Wei (丁謂, born 1951) is a Shanghai-born Chinese-Canadian former business executive who was once one of Hong Kong's most successful businessmen before being charged with illegal business practices. Early years Ting was born in Shanghai in 1951 and moved to Hong Kong in 1958, where he studied at Rosaryhill School from 1963. Ting moved to Australia and moved to Canada with his wife to study engineering at the University of Toronto. After graduation, Ting founded International Semi Tech Microsystems, a computer assembler, in Toronto in 1981. Building the empire With Semi-Tech Ting expanded beyond computer components to acquire various high profile businesses like Singer Corporation, Sansui Electric, G.M. Pfaff and Akai. At its peak in 1997, Ting's business empire employed 100,000 people in 120 countries with sales of $5 billion. Before the empire collapsed in 1999, Ting sold them to Grande Holdings, which he founded in 1987. Collapse and downfall These businesses ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1981 Establishments In Ontario
Events January * January 1 ** Greece enters the European Economic Community, predecessor of the European Union. ** Palau becomes a self-governing territory. * January 10 – Salvadoran Civil War: The Farabundo Martí National Liberation Front, FMLN launches its first major offensive, gaining control of most of Morazán Department, Morazán and Chalatenango Department, Chalatenango departments. * January 15 – Pope John Paul II receives a delegation led by Polish Solidarity (Polish trade union), Solidarity leader Lech Wałęsa at the Vatican City, Vatican. * January 20 – Iran releases the 52 Americans held for 444 days, minutes after Ronald Reagan is First inauguration of Ronald Reagan, sworn in as the 40th President of the United States, ending the Iran hostage crisis. * January 21 – The first DMC DeLorean, DeLorean automobile, a stainless steel sports car with gull-wing doors, rolls off the production line in Dunmurry, Northern Ireland. * January 24 – An 1981 Dawu ea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manufacturing Companies Disestablished In 2000
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to a range of human activity, from handicraft to high-tech, but it is most commonly applied to industrial design, in which raw materials from the primary sector are transformed into finished goods on a large scale. Such goods may be sold to other manufacturers for the production of other more complex products (such as aircraft, household appliances, furniture, sports equipment or automobiles), or distributed via the tertiary industry to end users and consumers (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers). Manufacturing engineering is the field of engineering that designs and optimizes the manufacturing process, or the steps through which raw materials are transformed into a final product ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manufacturing Companies Established In 1981
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to a range of human activity, from handicraft to high-tech, but it is most commonly applied to industrial design, in which raw materials from the primary sector are transformed into finished goods on a large scale. Such goods may be sold to other manufacturers for the production of other more complex products (such as aircraft, household appliances, furniture, sports equipment or automobiles), or distributed via the tertiary industry to end users and consumers (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers). Manufacturing engineering is the field of engineering that designs and optimizes the manufacturing process, or the steps through which raw materials are transformed into a final ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Markham, Ontario
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Manufacturing Companies Of Canada
{{Disambiguation ...
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grande Holdings
Grande Holdings Ltd () () is a Chinese manufacturer of consumer and professional audio and HiFi components based in Kowloon, Hong Kong. In the past, Grande Holdings has purchased several Japanese HiFi manufacturers, including Akai and Nakamichi. It also owns Kawa, a Chinese domestic hifi company, and has owned Singer Corporation, a company best known for its sewing machines. The company has since sold off Singer as a brand. History The company was founded by James Ting, a Chinese businessman originally from Shanghai, Christopher Ho, and Stanley Ho (), Macau's richest and most famous entrepreneurs. In 1999 prior to the collapse of International Semi Tech Microsystems, Grande Holdings acquired Singer, Pfaff, Akai and Sansui Electric assets. Singer and Pfaff were later sold off to SVP Worldwide. Controversy In 1999 during the Asian Financial Crisis the company courted controversy when one of its main subsidiaries in Hong Kong, Akai Holdings Ltd, fell apart after recording a $1. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ATI Technologies
ATI Technologies Inc. (commonly called ATI) was a Canadian semiconductor industry, semiconductor technology corporation based in Markham, Ontario, Markham, Ontario, that specialized in the development of graphics processing units and chipsets. Founded in 1985 as Array Technology Inc., the company listed publicly in 1993. Advanced Micro Devices (AMD) acquired ATI in 2006. As a major fabrication-less or fabless semiconductor company, ATI conducted research and development in-house and outsourcing, outsourced the manufacturing and assembly of its products. With the decline and eventual bankruptcy of 3dfx in 2000, ATI and its chief rival Nvidia emerged as the two dominant players in the graphics processors industry, eventually forcing other manufacturers into niche roles. The acquisition of ATI in 2006 was important to AMD's strategic development of its AMD Fusion, Fusion generation of computer processors, which integrated general processing abilities with graphics processing function ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Akai
Akai ( ja, 赤井, ) is a Hong Kong manufacturer of consumer electronics. It was founded as Akai Electric Company Ltd in Tokyo, Japan, in 1946. Grande Holdings in Hong Kong purchased the Akai brand, and now distributes various electronic products such as LED TV, washing machines, clothes dryers, air conditioners and smart phones, through collaborations with other electronics companies bearing relevant expertise. inMusic Brands in the United States took over Akai's brand, starting the ‘Akai Professional’ label, that distributes high-end audio electronics products. Corporate history Akai was founded by Masukichi Akai and his son, Saburo Akai (who died in 1973) as , a Japanese manufacturer in 1929 or 1946. Although reliable sources are not yet found, according to the several sourceskotobank.jp :ja:Akai Professional), Masukichi Akai established ''Akai Press Industry'' in 1923, then his son, Saburo Akai established ''Akai Electric Company Ltd.'' in 1946, and Masukichi served ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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