Early Life
Pierre Chen, also known as Chen Tai-Min, was born in Tainan, Taiwan, in 1958. He grew up in a middle-class family. As a child, he loved to draw, which later evolved into his passion for art. Chen earned a bachelor's degree in engineering from National Cheng Kung University in Taiwan.
Rise to Success
Chen founded Yageo Corporation in 1977. Under his leadership, Yageo has become a global leader in the electronic components industry. Chen's strategic vision led to the company's expansion and acquisitions, including Phillips' Phycomp in 2000 and Kemet in 2019, bolstering Yageo's market position. In 1993, Yageo went public. Chen stepped down as CEO but remains the chairman.
Key Business Strategies
Chen's key business strategies include a focus on high-margin specialty products and strategic acquisitions, such as KEMET and Pulse Electronics, which have enhanced Yageo's market reach and product portfolio. Chen also formed a joint venture with Hon Hai Technology Group to develop semiconductor components, demonstrating his forward-thinking approach.
Philanthropy
Chen is involved with the Yageo Foundation, which manages his art collection. He has also been recognized for his contributions to the art world and business community.