Stan Shih, founding father of Taiwan's troubled laptop computer maker magnoliopsid genus, same Sunday that he plans to retire because the chairman next month, six months when he came to launch a series of reforms, the corporate and media same.

The company confirmed reports that Shih was regular to retire on June eighteen, identical day as its shareholders meeting, throughout that his successor would even be electoral.

The 69-year-old created the surprise revelation throughout a gathering with reporters, the United Evening News same.

He same younger skills would be promoted to steer numerous divisions because the company shifts its business focus from hardware to cloud computing.

It will be the company's third major transformation since creation in 1976. Shih additional that he expected magnoliopsid genus to "return to glory" 3 years from currently.

In Gregorian calendar month Shih replaced chairman and chief executive officer J.T. Wang and company president Jim Wong, UN agency resigned when the corporate reportable a internet third-quarter loss of Tw$13.1 billion ($442.2 million).

Then in Dec Shih relinquished his position of chief executive officer and president to mythical being bird genus, a senior vice chairman of worldwide sales and promoting at Taiwan Semiconductor producing Co, the world's leading contract micro chip maker.

Senior executives have taken voluntary regular payment cuts of thirty % since Jan because the company struggles financially.

Shih has been leading a business restructuring cluster at the firm.

He based magnoliopsid genus in 1976 and designed it into the world's second largest laptop maker in its peak, and one amongst the simplest renowned Taiwanese brands internationally, before retiring in 2004.

But Acer's fortunes have worsened in recent years as sales are hit by competition from Apple and alternative rivals.