Weili Dai

Weili Dai
Born 戴伟立
1961/1962 (age 56–57)[1]
Shanghai, China
Residence Las Vegas, Nevada, US
Nationality American
Education University of California, Berkeley
Occupation Co-founder and former president of Marvell Technology Group
Net worth US$570 million (March 2017)[1]
Spouse(s) Sehat Sutardja
Children 2

Weili Dai (simplified Chinese: 戴伟立; traditional Chinese: 戴偉立; pinyin: Dài Wěilì) is a Chinese-born American businesswoman. She is the director, co-founder and former president of Marvell Technology Group. Dai is considered one of the most successful women entrepreneurs,[2] and is the only female co-founder of a major semiconductor company.[3] As of 2015, she is listed as the 95th most powerful woman in the world by Forbes.[1]

Early life

Dai was born in Shanghai, China, and played semi-professional basketball in Shanghai, before aged 17, she moved to the US.[1] She has a bachelor's degree in computer science from the University of California, Berkeley.[4]

Career

Dai is one of the few female co-founders of American semiconductor companies, and since it began in 1995, she directed Marvell's rise to become one of the top semiconductor companies in the world.[5][6] During her time at Marvell, Dai worked on strategic partnerships[7] and Marvell's technology is used in products in several markets.[8][9] Dai has also become a driving force in expanding access to technology in the developing world[10] and an ambassador of opportunity between the US and China.[11] Dai advocates for getting more women involved in science and technology.[12]

Dai served as chief operating officer, executive vice president, and general manager of the Communications Business Group at Marvell. She was corporate secretary of the board and currently serves as a director of the board at Marvell Technology Group Ltd.[13] Prior to co-founding Marvell, Dai was involved in software development and project management at Canon Research Center America, Inc.

Dai promoted partnership with the One Laptop Per Child program (OLPC). Ms. Dai also is active in STEM stating, "Women are the future of technology and today's technology is fun and cool. It's not just about developing 'nerdy' stuff it's about turning technology into fashionable and user-friendly smart solutions. A woman's natural talent is design, and the look and feel, and making these things fit into our lifestyles. I believe by embracing STEM and leveraging inherent strength of women—the sense of responsibility, passion, compassion, and pride we dedicate to family and community—and applying it to business can make women the X factor in the new era of global growth and prosperity for the 'Smart Life and Smart Lifestyle.'" [14] She sits on the board of the disaster relief organization, Give2Asia, and was named to the Committee of 100, an organization representing the Chinese Americans. Sutardja Dai Hall at her alma mater UC Berkeley was named for Dai along with her husband Sehat Sutardja, CEO of Marvell and Pantas Sutardja, CTO of Marvell. Sutardja Dai Hall is home to the Center for Information Technology Research in the Interest of Society (CITRIS). In 2015, Ms. Dai was named to the Global Semiconductor Alliance's (GSA) Board of Directors, helping to foster and accelerate the growth of the silicon industry across the globe.[15] Ms. Dai also is a member of the executive committee for TechNet.[16]

Awards

Newsweek named Dai one of the "150 Women Who Shake the World".[17] She was profiled by CNN International for the Leading Women Innovator Series.[18] In 2004, Dai was an Award Recipient for the Northern California Region of the EY Entrepreneur of the Year award.[19] On May 12, 2012, Dai became the first female commencement speaker in the UC Berkeley College of Engineering's 143-year history.[20] On August 22, 2012, Dai was on the Forbes list of "The World's 100 Most Powerful Women." [21] In October 2012, she was awarded the Outstanding Leadership Award by the non-profit organization Upwardly Global.[22] In March 2013, Dai was honored with the Silicon Valley Entrepreneur of the Year Award in the Established Corporation category by the Chinese Institute of Engineers/USA-San Francisco Bay Area Chapter (CIE/USA-SF).[23] On May 23, 2013, Dai was No. 88 on the Forbes list of "The World's Most Powerful Women."[21] On June 12, 2013, Dai was named a 2013 Most Influential Women in Embedded.[24] On Oct. 25, 2013, Dai was honored with the New Silk Road Award by the California-Asia Business Council.[25] On Nov. 13, 2013, Dai was awarded the Gold Stevie Award for Woman of the Year – Technology.[26] On Dec. 16, 2013, Marvell Co-founders Dr. Sehat Sutardja and Weili Dai were honored with the 2013 Dr. Morris Chang Exemplary Leadership Award [27] by the Global Semiconductor Alliance. On May 28, 2014, Ms. Dai was named to Forbes Most Powerful Women list.[28] On Sept. 8, 2014, Dai, was honored with a Gold award as the "Best Woman Professional of the Year" at the 2014 Golden Bridge Awards.[29] On Nov. 17, 2014, Ms. Dai was honored with the Gold Stevie® Award for Female Entrepreneur of the Year – Business Products.[30] On Dec. 9, 2014, Ms. Dai was honored as a Gold Winner for 2014 Women World Awards.[31] On May 26, 2015 Weili Dai was named as the 95th most powerful woman in the world by Forbes,[1][32] her fourth consecutive year on Forbes list of "The World's Most Powerful Women." On Aug. 5, 2015, Ms. Dai received a Gold recognition for "Technology Executive of the Year" from the 2015 International Best in Biz Awards.[33] On Oct. 14, 2015, Ms. Dai was named a recipient of the "Keepers of the American Dream" by The National Immigration Forum and National Immigration Forum Action Fund.[34]

Stock backdating scandal

In 2008, the company and its then chief operating officer–and the only member of its stock option "committee" during the period in question – Weili Dai paid fines,[35] to the Securities and Exchange Commission over charges of false financial information to investors by improperly backdating stock option grants to employees, totaling $10 million and $500,000 respectively. Dai was forced to step down as executive vice president, chief operating officer, and a director but allowed to continue with the company in a non-management position.[36]

Personal life

She is married to Sehat Sutardja. The couple have two children. They moved to Las Vegas, Nevada, US, after being dismissed from Marvell.[1]

References

  1. 1 2 3 4 5 6 "Ousted Marvell founders invest in Las Vegas condos after moving there". Forbes. Forbes. Retrieved 26 May 2015.
  2. ↑ Warren, Christina. "Women in Tech: How One Entrepreneur Blazed a Trail". Mashable. Retrieved April 23, 2012.
  3. ↑ "Women! Embrace your inner geek". CNN. 20 March 2012. Retrieved 12 November 2012. only female co-founder of a global semiconductor company in the world.
  4. ↑ "25 Notable Chinese-Americans" (PDF). Forbes. Retrieved 2017-03-14.
  5. ↑ Herel, Suzanne (6 June 2011). "Meet the Boss: Weili Dai, Marvell Technology Group". San Francisco Chronicle. Retrieved 2 May 2012.
  6. ↑ Wong, Samson. ""Fair and Care" vs. Goldman Sachs". Asian Week. Retrieved April 23, 2012.
  7. ↑ Stone Rabinowicz, Zara. "Seven Top Ladies In Tech Over 50". Chip Chick. Retrieved April 23, 2012.
  8. ↑ Dishman, Lydia. "Innovation Agents: Marvell Technology Group's Weili Dai, Semiconductor Pioneer". Fast Company. Retrieved 2 May 2012.
  9. ↑ Goudreau, Jenna (13 September 2011). "With Bartz Out, Marvell's Weili Dai Pushes Women In Tech". Forbes. Retrieved April 23, 2012.
  10. ↑ Dignan, Larry. "Marvell co-founder talks technology in education, R&D". Smart Planet. Retrieved 2 May 2012.
  11. ↑ Flannery, Russ. "Marvell Technology's Mobile Connector". Forbes Asia Magazine. Retrieved 2 May 2012.
  12. ↑ Kucera, Danielle. "Technology Industry's Gender Gap Seen Hampering Competitiveness". Bloomberg BusinessWeek. Retrieved 2 May 2012.
  13. ↑ "Marvell - Company - Investor Relations - News Release". Investor.marvell.com. Retrieved 13 March 2017.
  14. ↑ Phoebe Parke. "How to get girls into STEM -- The experts speak". Cnn.com. Retrieved 13 March 2017.
  15. ↑ "Marvell - Company - Newsroom - GSA Appoints Ms. Weili Dai, President and Co-Founder of Marvell, to GSA Board". Marvell.com. Retrieved 13 March 2017.
  16. ↑ "Executive Council". TechNet.org. Retrieved 13 March 2017.
  17. ↑ "150 Women Who Shake the World". The Daily Beast. Retrieved 2012-04-17.
  18. ↑ "Video - Breaking News Videos from CNN.com". Edition.cnn.com. 2010-07-16. Retrieved April 17, 2012.
  19. ↑ "Marvell Founders Receive 2004 Ernst & Young Entrepreneur of the Year Award". Thefreelibrary.com. Retrieved 2017-03-14.
  20. ↑ Dai, Weili (14 May 2012). "Weili Dai's commencement address to UC students". San Francisco Chronicle. Retrieved May 21, 2012.
  21. 1 2 "Weili Dai". Forbes. Retrieved August 22, 2012.
  22. ↑ "Marvell Co-Founder Weili Dai Honored with Outstanding Leadership Award by Upwardly Global - Yahoo! Finance". finance.yahoo.com. Retrieved 12 November 2012.
  23. ↑ "» Chinese Institute of Engineers names Marvell co-founder Entrepreneur of the Year Asia Connect Miami". archive.org. 13 November 2013.
  24. ↑ "2013 Most Influential Women in Embedded: Weili Dai, Cofounder, Vice President, and General Manager of Communications and Consumer Business, Marvell Technology Group Ltd. - Embedded Computing Design". Embedded-computing.com. Retrieved 13 March 2017.
  25. ↑ "Marvell - Company - Newsroom - Marvell President and Co-Founder, Weili Dai, Honored with New Silk Road Award by the California-Asia Business Council". Marvell.com. Retrieved 13 March 2017.
  26. ↑ "Marvell - Company - Newsroom - Marvell President and Co-Founder Weili Dai Honored with the Gold Stevie® Award for Woman of the Year - Technology". Marvell.com. Retrieved 13 March 2017.
  27. ↑ "Marvell - Company - Newsroom - Marvell Co-Founders Dr. Sehat Sutardja and Weili Dai Honored with the 2013 Dr. Morris Chang Exemplary Leadership Award by the Global Semiconductor Alliance". Marvell.com. Retrieved 13 March 2017.
  28. ↑ Howard, Caroline. "The World's Most Powerful Women 2014". Forbes.com. Retrieved 13 March 2017.
  29. ↑ "Marvell - Company - Newsroom - Weili Dai, Marvell President and Co-Founder, Honored as Gold Winner for Best Woman Professional of the Year at the 2014 Golden Bridge Awards". Marvell.com. Retrieved 13 March 2017.
  30. ↑ "Marvell - Company - Newsroom - Marvell President and Co-Founder Weili Dai Honored With Gold Stevie Award for Female Entrepreneur of the Year". Marvell.com. Retrieved 13 March 2017.
  31. ↑ "Women in Business and the Professions World Awards". Womenworldawards.com. Retrieved 13 March 2017.
  32. ↑ "Weili Dai". Forbes.com. Retrieved 13 March 2017.
  33. ↑ "2015 International winners: Executive categories - Best in Biz Awards International". Intl.bestinbizawards.com. Retrieved 13 March 2017.
  34. ↑ "Keepers - National Immigration Forum". Immigrationforum.org. Retrieved 13 March 2017.
  35. ↑ "Marvell and ex-COO pay fines over backdating charges". Siliconbeat.com. 2008-05-08. Retrieved 2017-03-14.
  36. ↑ Alan Rappeport (May 7, 2007). "Marvell CFO Resigns amid Options Probe: Microchip maker discloses a pre-tax charge of as much as $350 million". CFO Magazine. Retrieved August 24, 2013.
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