International Semi-Tech Microsystems or Semi-Tech Microsystems (STM) was a

Canadian Canadians () are people identified with the country of Canada. This connection may be residential, legal, historical or cultural. For most Canadians, many (or all) of these connections exist and are collectively the source of their being ''C ...

-based household and consumer products firm in

Markham, Ontario Markham () is a city in Regional Municipality of York, York Region, Ontario, Canada. It is approximately northeast of Downtown Toronto. In the Canada 2021 Census, 2021 Census, Markham had a population of 338,503, which ranked it the largest in ...

. Semi-Tech Corporation's former head offices were at 131 McNabb Street (Warden Avenue and 14th Avenue) and near Woodbine Avenue and 14th Avenue (2880 14th Avenue). Founded by Chinese-born

Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...

businessman

James Ting James Henry Ting Wei (丁謂, born 1951) is a Shanghai-born Chinese-Canadian former business executive who was once one of Hong Kong's most successful businessmen before being charged with illegal business practices. Early years Ting was born in ...

in 1981, the firm had manufacturing facilities in China.

Macau Macau or Macao is a special administrative regions of China, special administrative region of the People's Republic of China (PRC). With a population of about people and a land area of , it is the most List of countries and dependencies by p ...

gambling tycoon Stanley Ho was once the firm's Chairman. The firm once traded on the

Toronto Stock Exchange The Toronto Stock Exchange (TSX; ) is a stock exchange located in Toronto, Ontario, Canada. It is the List of stock exchanges, 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in th ...

(SEM.A and SEM.B). It was renamed Semi-Tech Corporation in 1994 as it diversified into consumer products. The company had bad bonds and millions of dollars of Canadian shareholders were burned. By late 1999, the company had just $600,000 in cash and unpaid debts of $650 million. It filed for bankruptcy in 2000. Ting was convicted of false accounting on Semi-Tech and its successor

Akai Akai (, ) is a Japanese brand & former electronics manufacturer, established as Akai Electric Company Ltd in Tokyo in 1929. It was best known outside Japan for its tape recorders during the 1960s and 1970s. The company became bankrupt in 2000 ...

Holdings and his other business

Singer Corporation Singer Corporation is an American manufacturer of consumer sewing machines, first established as I. M. Singer & Co. in 1851 by Isaac Singer, Isaac M. Singer with New York lawyer Edward Cabot Clark, Edward C. Clark. Best known for its sewing mac ...

References

{{reflist Defunct manufacturing companies of Canada Companies based in Markham, Ontario Manufacturing companies established in 1981 Manufacturing companies disestablished in 2000 1981 establishments in Ontario 2000 disestablishments in Ontario Companies formerly listed on the Toronto Stock Exchange Defunct computer companies of Canada Defunct computer hardware companies

See also

References