Acer Inc., a Taiwanese multinational electronics corporation, was founded in 1976 by Stan Shih, Carolyn Yeh, and five others as Multitech. The company started as a distributor of electronic parts and later shifted its focus to manufacturing microprocessors. In 1987, the company rebranded as Acer and expanded its product line to include personal computers. Acer's headquarters are located in New Taipei City, Taiwan, reflecting its Taiwanese origins and its status as a major player in the global technology industry. Acer's first product, the Micro-Professor MPF-I, was released in 1976, marking its entry into the technology market.