The Italian businessman found an untapped niche in Europe and managed to make millions of dollars by repairing and manufacturing probe cards.
Giuseppe Crippa He managed to become one of the richest men in Italy for his company Technoprobe. It has clients like Apple and Samsung and allowed it to earn million of dollars with its debut on the stock market. His dream of entrepreneurship was made possible by compensation for his 35 years of work.
The Italian’s company positioned itself as one of the largest manufacturers of probe cards in the world. His business supplies technological elements for the largest exponents of the industry. Among its portfolio of buyers are also Qualcomm, Nvidia, AMD, Intel and TSMC. All this allows it to break the barrier of 446 million dollars per year.
A probe card is a tool which is used in the silicon wafer inspection process during front-line manufacturing. It is characterized by being on a circular printed circuit board with connected probe pins or needles. They allow each chip to electrically inspect for open circuits and shorts and they also measure electrical current and high frequencies.
How Giuseppe Crippa became a millionaire
The billionaire had received a severance offer to leave the semiconductor factory STMicroelectronics (STM), after 35 years in his job. This happened in 1995, Crippa took the money but avoided his own withdrawal because in his career he saw an excellent market opportunity in probe cards. The Italian recalled that: “To repair a sonar card, I needed to ship it to the United States and it took two weeks. So he came up with a process to make them in his kitchen.”
Crippa’s enthusiasm for repairing cards began a few years before his departure from STM, when he purchased microscopes and tools to learn to fix them yourself in your home. At this time he emphasizes that these devices were accessible and simpler. He did this with his son, Cristiano, and the compensation allowed him to open his own store and hire 10 employees.
The success of Technoprobe was resounding due to its work and its lack of competition in Europe. This allowed it to grow rapidly as it expanded into France in 2001 and subsequently arrived in Singapore in 2004. It finally arrived in the United States in 2007, with a branch run by its own nephew, Felici Crippa. At this site he began developing smaller, more advanced sonar cards.
The company’s founder stepped away from his CEO role in 2017 and is currently 89 years old. The new leadership of his son and nephew allowed Technoprobe to go public starting in 2022. The family still holds 75% of the company’s shares.
What is Giuseppe Crippa’s net worth today?
The technology market billionaire attracted the attention of Forbes magazine for being the main producer of probe cards for the global industry. The media analyzed the fortune of Giuseppe Crippa and his family in a total of 3.6 billion dollars.
Source: Ambito
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