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Taiwanese Brothers Amass $1 Billion From Boom In Display Chips

Biing-seng Wu has spent most of his career developing tiny chips that tell pixels on flat-screen displays how and when to light up. Twenty-five years ago, he teamed up with his brother Jordan Wu to develop such chips for screens. Today, products from their company, Himax Technologies Inc., can be found in everything from Lamborghinis to smartwatches, and have turned the duo into billionaires. The brothers own 24% of Himax, whose US-listed shares have more than doubled in value this year. Their stake in the Tainan, Taiwan-based firm, as well as proceeds from dividends and stock sales, give them a combined $1 billion net worth, according to the Bloomberg Billionaires Index, which is valuing them for the first time. The wealth marks a big milestone for the siblings and their company, which says it holds a 40% market share for display chips - known in the industry as driver integrated circuits - used in cars. Its customers include Ferrari NV, Volkswagen AG, Porsche and more. It's...

At Anant Ambani's Engagement Party, Ranbir-Alia Lead Celeb Roll Call

Mukesh Ambani is hosting Anant Ambani and Radhika Merchant's engagement party at his house Antilia in Mumbai. Shah Rukh Khan, Ranbir Kapoor-Alia Bhatt, Janhvi Kapoor and Ayan Mukerji led the celeb roll call. Shah Rukh Khan arrived with his manager Pooja Dadlani, while Alia and Ranbir were pictured arriving with Ayan. Ranbir looked dashing in a black kurta pyjama set, while Alia looked beautiful in a greet suit. Janhvi Kapoor looked pretty in a pink saree. Check out the pictures below:  

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The newly engaged couple, Anant and Radhika, was also pictured arriving at their house. For the occasion, Anant opted for a maroon ensemble, while Radhika looked pretty in a peach suit set. 

Check out the pictures below: 

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Mukesh Ambani's younger son Anant Ambani today got engaged to his childhood friend Radhika Merchant (the daughter of industrialist Viren Merchant, CEO of a pharmaceutical manufacturing company). The couple had a traditional Roka ceremony at the Shrinathji Temple in Nathdwara, Rajasthan.

  



from NDTV News- Special https://ift.tt/LwH8IvR

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