Sign in

    Feng-Ming (Fermi) Wang

    Chairman of the Board of Directors, President, and Chief Executive Officer at Ambarella Inc
    Board
    Since January 2004
    Age
    61 years
    Education
    Holds a B.S. degree in electrical engineering from National Taiwan University and an M.S. degree and Ph.D. in electrical engineering from Columbia University.
    Tenure
    Co-founded Ambarella in January 2004 and has served as its Chairman of the Board of Directors, President, and Chief Executive Officer since then.

    Also at Ambarella Inc

    LK[3
    Leslie Kohn [March 31
    Chief Technology Officer and Director
    CWL[3
    Chan W. Lee [March 31
    Chief Operating Officer
    C(J[3
    Chi-Hong (John) Ju [March 31
    Senior Vice President, Systems

    About

    Feng-Ming (Fermi) Wang, Ph.D., co-founded Ambarella in January 2004 and has overseen the company as its Chairman of the Board of Directors, President, and Chief Executive Officer since its inception.

    Prior to Ambarella, he held key leadership roles including serving as Chief Executive Officer and co-founder at Afara Websystems from November 2000 to July 2002, and held various positions at C-Cube Microsystems from August 1991 to August 2000, including as Vice President and General Manager from 1997 to 2000.

    He holds a solid academic background with a B.S. in electrical engineering from National Taiwan University along with an M.S. and Ph.D. in electrical engineering from Columbia University, which laid the foundation for his expertise in the digital video and semiconductor technologies.

    $AMBA Performance Under Feng-Ming (Fermi) Wang

    Past Roles

    OrganizationRoleDate RangeDetails
    Afara Websystems, Inc. Chief Executive Officer and Co-founder November 2000 to July 2002 Developed throughput-oriented microprocessor technology; acquired by Sun Microsystems, Inc. in July 2002
    C-Cube Microsystems, Inc. Various positions (last served as Vice President and General Manager) August 1991 to August 2000 (VP and GM from 1997 to 2000) Focused on digital video technologies

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$561,000AnnualRemained flat relative to FY 2023; no automatic increases
    Time-Based RSUs$2,286,218 (27,598 RSUs)Quarterly vesting over 3 yearsGranted on March 2, 2023; time-based only, not linked to performance metrics

    Performance Compensation

    Data from  FY 2024

    Non-Equity Incentive Plan Compensation

    MetricWeightTargetActualPayout Factor
    Revenue33.3%$300 million$226.5 million2.4%
    Operating Profit33.3%-$13.5 million-$36.1 million42%
    Strategic Objectives33.3%5.0 points6 points125%
    Total100%--56% Aggregate Funding

    Bonus Details:

    • Bonus Target: 100% of base salary ($561,000).
    • Bonus Awarded: $196,350 (35% of base salary) paid as fully vested stock awards in March 2024.

    Performance-Based RSUs

    MetricDetailValue
    Grant Date-April 3, 2023
    Target Shares-27,598 shares
    Grant Date Fair Value-$2,764,492
    Vesting Date-March 15, 2026
    TSR Vesting Conditions25th percentile: 0%; 50th percentile: 100%; 75th percentile: 200% (linear interpolation applies)See conditions
    Revenue CAGR ConditionBelow 10%: 0%; at 15%: additional 50% vesting (linear interpolation applies)See details
    Vesting CapNegative TSR performance caps vesting at 100% of target sharesYes