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Long-time ASUS CEO Jerry Shen has stepped down after 11 years, as his vision no longer correlates with the company’s new focus on gamers and power users rather than mobile devices. While Shen had worked hard to bring products such as the ZenBook and ZenFone to prominence, chairman Jonney Shih has opted to strengthen and solidify ASUS as a PC/gaming-oriented company. The ZenFone will, however, live on.
In a statement sent to Engadget, Shen announced that he will be off to run a new AIoT startup, iFast, as chairman and CEO, with its business targeting B2B applications. Despite his departure, Shen will still maintain a link with ASUS thanks to its 30-percent stake in his new venture -- perhaps a fitting gesture for its 25-year veteran. Shen added that he will "devote myself to assisting ASUS effectively transition into the AIoT industry."
In a statement sent to Engadget, Shen announced that he will be off to run a new AIoT startup, iFast, as chairman and CEO, with its business targeting B2B applications. Despite his departure, Shen will still maintain a link with ASUS thanks to its 30-percent stake in his new venture -- perhaps a fitting gesture for its 25-year veteran. Shen added that he will "devote myself to assisting ASUS effectively transition into the AIoT industry."