In the past few years, the semiconductor industry has been transformed to be application-driven and consumer electronics-oriented. During this change, several things have happened with the following features; 1.) Market is shifting to Asia Pacific regions, 2.) Consolidation and partnership are becoming necessary, and 3.) Cost reduction and risk sharing are of prime importance. The semiconductor market occupancy in China roots not only on its vast domestic consumption, but also on its development in hardware manufacturing of products of electronics with advancements in cost reduction and quality improvements. This will constantly stimulate the primary semiconductor chips to meet their demands. This presentation elaborates the evolution of the ongoing semiconductor industry and specifically, its opportunity in China.

This seminar is part 2 of SPRIE's 5-part series on "Greater China: Entrepreneurial Leaders."

From a venture capital investor's perspective, what are the key opportunities and challenges of doing business in China in the current environment? Why? How is China's emerging private equity investment industry? What are the major differences between "home-grown" Chinese private equity firms and foreign capital firms? Bobby Chao will address these questions, based on personal experience gained over the past twenty years.

Bobby Chao began his career as one of the five original founders of Cadence Design Systems. A year after Cadence's successful IPO, Bobby founded Ocron, a leader in Optical Character Recognition (OCR) technology and document management software. Bobby was chairman and CEO of Ocron until Umax Technologies, Inc. acquired it. He then became part of the Umax team serving as senior vice president of marketing in charge of corporate marketing and investment. Bobby was previously general partner for Technology Associates Management Company and has served as chairman and CEO of VA Linux Systems.

Mr. Chao currently serves as chairman of Dragon Venture Inc., a cross-pacific venture capital, consulting, and M&A company, bridging the U.S. and Greater China markets. Portfolio companies focus on telecommunications, Internet infrastructure, Linux, fables IC designs, and EDA. Mr. Chao is currently on the board of several companies and professional organizations.

Mr. Chao holds a B.S. in physics from Taiwan, an M.S. in physics from Georgia State University, and an M.S. in aeronautical engineering from Stanford University.

This seminar is part 1 of SPRIE's 5-part series on "Greater China: Entrepreneurial Leaders."

For a long time, researchers have asked whether the success of Silicon Valley can be replicated elsewhere. There have been various levels of attempts and various levels of success outside the United States.

Depending on how success is measured, one can draw different conclusions. How do we evaluate Hsinchu Science Park? Have they created innovative products? Have they produced entrepreneurs? How do they stack up to Silicon Valley? What is their competitive edge? As China joins the WTO, what should its strategy be?

On a long-term basis, what are the factors that will drive and deliver sustainable competitive advantages? With changes in global economic conditions, how does one re-evaluate the Silicon Valley model? As China joins the WTO, what should its strategy be? And as China becomes the manufacturer of the world, what is its impact on Taiwan and Silicon Valley?

This talk offers an analysis of experiences in Silicon Valley and Asia in the past twenty years. It also offers some reflections on the model and strategy for Greater China.

Since November 1998, Sha has been a managing partner at Spring Creek Venture, which specializes in early-stage venture investment and business consultation with Internet and infrastructure companies. Sha is currently serving on the board of directors of several start-up companies, including Appstream, Acela, Aduva, E21, LiveABC, Optoplex, Mediostream, and Tom.com.

Sha has extensive experience as a leader of high technology companies. He served as CEO for Sina.com and senior vice president of Commerce Solutions at Netscape Communications. While at Netscape, he served concurrently as president and CEO of Actra Business Systems, a joint venture formed by Netscape and GE Information Services. A company Sha built from scratch, Actra was the first company to focus on business-to-business e-commerce and e-procurement application systems. Prior to Actra, Mr. Sha served as vice president and general manager of business-to-consumer integrated application business at Netscape Communications and vice president of the UNIX Product Division at Oracle Corporation.

In his community service, Sha served as chairman of the Monte Jade West Coast association from 2000-2001. Sha currently is serving as chairman of the Monte Jade Global Association, the premier technology entrepreneur association with twelve chapters in the United States, Canada, Singapore, and Taiwan.

Mr. Sha holds an MS in EECS from the University of California at Berkeley, an MBA from Santa Clara University, and a BS in EE from Taiwan University.

As Secretary of the Technology, Trade, and Commerce Agency, Lon Hatamiya advises the governor and the legislature on all matters related to international business, serving as the voice of California's private sector in the State Cabinet. Appointed by Governor Gray Davis in 1999 and confirmed unanimously by the State Senate, Secretary Hatamiya is the first Asian-American to hold a cabinet-level position in California history. As the state's primary promoter of economic development, he directs numerous programs stimulating economic activity for international trade and investment, and under his leadership the Agency added the Division of Science, Technology, and Innovation, focusing on R&D and the commercialization of new technologies. Prior to his appointment as secretary, Mr. Hatamiya served as administrator for the Foreign Agricultural Service in the United States Department of Agriculture (USDA). He holds a degree in economics from Harvard University, and JD and MBA degrees from the University of California, Los Angeles.

Atrica's President and CEO, Vivek Ragavan, will speak about the compelling productivity gains that are motivating Metro service providers to build their next-generation networks using Optical Ethernet technology. He will discuss this in the context of markets both in the U.S. and Asia. Vivek Ragavan, who has more than 20 years of executive management experience in the telecommunications industry, was most recently President and CEO of Redback Networks. Before that he was a founder, and served as President and CEO of Siara Systems, which was acquired by Redback in March 2000. Prior to Siara, Ragavan was President of ADC Telecommunications' Residential Broadband Group, where he was responsible for ADC's broadband communication access and transport businesses. Earlier, Ragavan was Vice President of Engineering at General Instrument where he led the company's development of a leading digital video transport system. He received a BSEE from Northwestern University and an MSEE from Cornell University.

Although China's software industry has grown substantially over the past decade, it could have grown even more had it not been for several obstacles, the most important being rampant violations of the copyrights of software developers. In response to this situation, software companies and associations, domestic and foreign, have lobbied the Chinese government to adopt policies to help the industry. While they have had some lobbying success, in part thanks to both companies and relatively vibrant associations, the industry still faces large hurdles, and a basic dilemma: if it is to fully grow, the industry needs the government to adopt (and implement) more favorable policies, but the government for the moment is likely to be more influenced to adopt policies favored by competing interests that are economically and politically more powerful than the software industry. Scott Kennedy is an assistant professor in the Department of East Asian Languages and Cultures and an adjunct assistant professor in the Department of Political Science at Indiana University. He received his Ph.D in political science from George Washington University in 2002. His dissertation, "In the Company of Markets: The Transformation of China's Political Economy", examines the growth in business influence on the policy making process in China. He recently finished editing a book, "China Cross Talk: The American Debate over China Policy since Normalization, A Reader" which is an anthology of op-eds, congressional testimony, speeches and editorial cartoons that present the most memorable scenes from the debate of the past quarter century. Kennedy has published articles in numerous popular and academic periodicals, including The China Quarterly, Problems of Post-Communism, Asian Wall Street Journal, and the China Business Review. From 1993 to 1997, Kennedy was a research assistant at the Brookings Institution in Washington, DC. He received his M.A. in international relations from Johns Hopkins University's Paul H. Nitze School of Advanced International Studies in 1992 and his B.A. in foreign affairs from University of Virginia in 1989. He has lived in China off and on for four years since the late 1980s, and has traveled throughout East Asia.

The success of India's export-oriented software industry is well known. Whether information technology (IT) can contribute to development beyond the obvious income effects generated by software exports depends on how pervasive are IT's impacts on the economy, ranging from improving the efficiency of existing businesses, to enabling new kinds of goods and services. In a developing country such as India, it is of particular interest whether such benefits can reach the poor, and even help in directly reducing the deprivations associated with poverty. Professor Singh's talk and paper will examine two ongoing experiments that aim to provide IT-based services to rural populations in India. Several features distinguish these experiments from others: a combination of public and private efforts, with "nonprofit" organizations acting as catalysts; goals of commercial sustainability, both for the local entrepreneurs and the nonprofits; and an eclectic approach to the services that are sought to be provided. The paper's main contribution is to draw some preliminary lessons from comparing two different approaches in localities that are geographically close and economically similar. While the ultimate goals of the two organizations studied are quite similar, he identifies some important differences in implementation that may have more general implications for the success of such experiments. Nirvikar Singh is currently Director of the Business Management Economics Program at the University of California, Santa Cruz, where he is Professor of Economics. He teaches courses on business strategy, technology and innovation, and electronic commerce, as well as graduate microeconomic theory. He has consulted for the World Bank and for high-tech start-ups in Silicon Valley. Professor Singh's current research topics are electronic commerce, business strategy, technology and innovation, governance and economic reform in India, federalism, international water disputes, and economic growth.

Struggling over how to choose between doing well and doing good? Come hear a panel of business leaders who have achieved both, creating successful businesses while also giving back, supporting social initiatives, and/or promoting social good. Panelists will discuss the detailed tactics of how they were able to structure and manage their companies in order to create socially responsible businesses.

Sponsored by GSB Center for Entrepreneurial Studies, GSB Public Management Program, and the Stanford Entrepreneurship Network composed of the Stanford Project on Regions of Innovation and Entrepreneurship, the Stanford Technology Ventures Program, BASES, Medical Device Network, Office of Technology Licensing, Stanford Law School, Office of Corporate Relations, and the US-Asia Technology Management Center.