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Breaking-News >> TodayHistory On March 24, 1990, Wang An, the founder of Wang An Computer Company, passed away
On this day, 35 years ago, on March 24, 1990 (February 28, 1990, the founder of Wang Computer Company in the United States, died. Tragic hero Wang An died on March 24, 1990, Chinese-American Wang An, founder of Wang An Computer Company in the United States, at the age of 70. Born in Shanghai on February 7, 1920, he was admitted to Shanghai Jiao Tong University at the age of 16. In 1945, he was sent to the United States for further study as a senior engineering technician from China. In the autumn of 1945, he entered Harvard University to study. In 1948, he received a doctorate in applied physics from Harvard University. In 1951, he sold the patent rights to the memory core he invented and used the $500,000 from the proceeds to establish Wang An Laboratory in Boston. In 1955, Wang An Computer Company was officially established. Desktop computers were introduced in 1964. In 1967, Wang An's company was listed. In 1976, Wang An launched a new type of electronic word processor. 1984 was the year when Wang An reached its peak, with annual income of US$2.1 billion, including a profit of US$210 million. In 1986, Wang An's 36-year-old eldest son, Wang Lie, served as the company's president and was responsible for the company's daily business. In 1989, Wang An Company announced a "debt restructuring" due to its inability to pay US$209 million in arrears. That year, the company lost US$424 million. That year, Wang An dismissed his eldest son Wang Lie as president, and Miller assumed his position. On March 24, 1990, Wang An died of cancer, and Miller served as chairman. The company lost $716 million that year. In 1991, IBM and Wang An announced a merger. Under this alliance, Wang An Company can sell IBM computers and provide corresponding software. On August 18, 1992, Wang 'an Company declared bankruptcy. Wang An's foresight and foresight have enabled him to achieve extraordinary achievements and honors. Wang An's company employs more than 30,000 people at most and has an annual turnover of US$3 billion. In 1986, it was listed as the fifth richest man in the United States and in 1989, it entered the United States "Inventor Hall", on the same footing as major inventors such as Edison, and was awarded the "U.S. Presidential Medal of Freedom". However, its strong conservative family concept, lagging behind the internal management mechanism of the times, and erroneous predictions of the development prospects of PCs and computer networks eventually led to the tragedy of this giant in the computer industry and Wang An Computer Company. Wang An, founder of Wang An Computer Company in the United States In October 1986, Deng Xiaoping met with Dr. Wang An, Chairman and President of Wang An Computer Company in the United States News raw data sources → https://www.abtool.cn/today_detail/1b8j.html 17WorldNews[2025.09.28-06:27] 访问:89
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