Circuit maker 2000 student edition
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It debuted with a stock price of $155.95 yuan (S$33.16), which skyrocketed to $283.00 yuan (S$60.17) in just seven months by February 2020, supported by chip demand in the ever growing IoT world and the internet boom induced by the pandemic. Going public, hitting billionaire statusĮspressif listed in the public market in July 2019 on the Sci-Tech Innovation Board, commonly known as the STAR board, of the Shanghai Stock Exchange.
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Other than being a chip maker, Espressif also builds software that supports the development of IoT applications. It has also ranked first in the Wi-Fi MCU market for three consecutive years. Since 2017, the brand has been listed in Forbes’ 20 IoT ranking as one of the most innovative firms. Swee Ann also made his fortune in China and worldwide subsequently selling the company’s flagship ESP32 chips which now power goods such as speakers, wearable devices, and home appliances. Measuring just a few millimetres, the Wi-Fi chip has made creators come up with products like smart devices – temperature and air humidity sensors – and even complex wireless web servers and robots. Today, his tiny ESP8266 has amassed a cult following from tech hobbyists.
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The low-cost Wi-Fi chips caught the attention of makers globally, including in the US, and commercial clients started contacting Swee Ann for orders. He developed it in 2011 and took it to production in 2013. The famed ESP8266 microchip was his fruit of labour. The entrepreneur decided to jump on the IoT trend, which was a topic of interest for some in the tech community. Espressif started off designing software for analogue circuits, at one time it was even a chip design consultancy, until Swee Ann settled with the decision to make his own chips.Īt that point, Swee Ann realised that computing power was increasing, and with an increased power more processes could run on the chip. In April of 2008, Swee Ann founded Espressif Systems. He wanted to automate the chip-making process and that sparked the idea to create Espressif.Ī post shared by Vulcan Post Early mover in IoT trend: Espressif In 2004, he changed jobs and went to Chinese semiconductor firm Montage Technology as Engineering Director and worked there for slightly over three years.īy then, Swee Ann was getting bored of building chips, he wanted to challenge himself to make chips in a smarter way.
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The entrepreneur who had interned in British Telecoms previously, went to work with bluetooth chip maker Transilica Inc as his first full-time job in March 2000 as a RFIC Design Engineer.Ī year later, he then moved on to US firm Marvell Semiconductor to work as a Senior Design Engineer for three years. Swee Ann then carried on to undertake a masters in electrical engineering and completed it in the year 2000. He eventually went to study at Hwa Chong Junior College in 1992 to 1993, before heading to the National University of Singapore to pursue a degree in electrical engineering. The young version of him already knew that he wanted to be an engineer when he grew up. Like bees to honey, he was drawn to the tech world and was fascinated with engineering and biology.
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The Primary Two kid started looking at the code written for existing programmes in his computer and tried to figure out how it worked. He “poked around” the inner workings of his Apple II computer. When Swee Ann was eight years old, he was already tinkering with tech. Image Credit: Espressif Just a local boy who went to local schools How did this average Singaporean rise up to reach billionaire status? We take a look at his journey. This “normal” self-made Singaporean is now one of the richest people in the country, and his net worth is in close ranks with old money families the Liens (owns a minority stake in United Overseas Bank) and OG department store owners the Tays. This year, he also made it on Forbes’ Singapore 50 richest with a net worth of US$1.55 billion (S$2.10 billion), supported by the share price buoyancy of his company due to the pandemic-driven demand for chips. The self-made billionaire has a knack with technology and making devices, and has created a robust ecosystem for the Internet of Things (IoT) space, thanks to his mini semiconductor chips that are as small as a five cent coin. This 46-year-old man is none other than Teo Swee Ann, the CEO and President of Espressif Systems. He is Singaporean, and his love for engineering made him study the subject, work in the sector, and eventually build his own engineering startup.