Career
Wong was executive vice president of Nan Ya Plastics, an FPG subsidiary, until a widely publicized affair (and the resulting 14% drop in FPG stocks) led to his dismissal in December 1995. His father then “banished” Wong to the United States, where he spent one year teaching at the business school of the University of California, Berkeley. While in the United States, Wong met Jiang Mianheng, son of Jiang Zemin, the president of the PRC at that time.
In 2000, Wong and Jiang Mianheng co-founded the US$1.63 billion Grace Semiconductor Manufacturing Corp. joint venture in Shanghai, China. Though Wong serves as president and CEO of that company, Wong himself is not a stockholder, due to cross-strait investment restrictions imposed by the Republic of China (ROC). Wong also serves as chair of the Hung Jen Group (宏仁集團) and chair of the Grace THW Group (宏仁企业集团), which are heavily invested in mainland China’s petrochemical and electronics industries, respectively.
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