International Semi-Tech Microsystems or Semi-Tech Microsystems (STM) was a

Canadian Canadians (french: Canadiens) are people identified with the country of Canada. This connection may be residential, legal, historical or cultural. For most Canadians, many (or all) of these connections exist and are collectively the source of ...

-based household and consumer products firm in

Markham, Ontario Markham () is a city in the Regional Municipality of York, Ontario, Canada. It is approximately northeast of Downtown Toronto. In the 2021 Census, Markham had a population of 338,503, which ranked it the largest in York Region, fourth largest ...

. 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 Chinese can refer to: * Something related to China * Chinese people, people of Chinese nationality, citizenship, and/or ethnicity **''Zhonghua minzu'', the supra-ethnic concept of the Chinese nation ** List of ethnic groups in China, people of ...

-born

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delta i ...

businessman James Ting in 1981, the firm had manufacturing facilities in China.

Macau Macau or Macao (; ; ; ), officially the Macao Special Administrative Region of the People's Republic of China (MSAR), is a city and special administrative region of China in the western Pearl River Delta by the South China Sea. With a p ...

gambling tycoon Stanley Ho was once the firm's Chairman. The firm once traded on the

Toronto Stock Exchange The Toronto Stock Exchange (TSX; french: Bourse de Toronto) is a stock exchange located in Toronto, Ontario, Canada. It is the 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in the ...

(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 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 produ ...

Holdings and his other business Singer Corporation.

References

{{reflist Defunct manufacturing companies of Canada Companies based in Markham, Ontario Manufacturing companies established in 1981 Manufacturing companies disestablished in 2000 1981 establishments in Ontario 2000 disestablishments in Ontario Companies formerly listed on the Toronto Stock Exchange Defunct computer companies of Canada

See also

References