Yao Hsiao Tung
Overview
- Source of Wealth
- Manufacturing
- Industry
- Manufacturing
- Residence
- Singapore
- Marital Status
- Married
Biography
Yao Hsiao Tung is the executive chairman and CEO of Hi-P International, which the former DuPont executive acquired as a small tool maker in 1983.
Today it is one of Singapore's largest contract manufacturers of smartphones, tablet computers and consumer electronics with customers such as Apple.
In 2017, he acquired the stake of longtime partner Molex, a manufacturer of electrical connectors owned by U.S. billionaire Charles Koch.
He delisted the company from the Singapore Stock Exchange at a valuation of $1.2 billion in 2021, with the aim of securing greater flexibility in running the business. He plans to relist it by 2030.
In 2024, Temasek-backed 65 Equity Partners invested S$100 million ($74 million) in the company.
About
Yao was born in mainland China but moved to Taiwan as a child; he's now a Singaporean citizen.