Global memory chip industry is enjoying a massive boom thanks to a surge in demand for microchips.
Tech giant’s CEO earned more than $10 million in 2015.
Takes over from Craig Muhlhauser, who will remain as an adviser to the board of directors through the end of December.
Signs from analysts suggest the Waterloo-based tech company needs to pull its head out of the clouds.
Support from the Southwestern Ontario Development Fund is conditional on adding 55 new jobs.
Company says new partners and access tools will accelerate global growth.
The Japanese electronics manufacturer’s other brands, including Bravia and Vaio, haven’t held their competitive edge.
Research networks will address innovation challenges related to deep mining, green aviation and electronics manufacturing.