Cheng is an industry visionary and successful technology entrepreneur. He is most well known for having founded and subsequently sold Arrowpoint Communications, a leading Web switching company, to Cisco Systems for $5.7 Billion in 2000, the second-largest purchase by Cisco at the time. Boston VCs who were involved in that deal call him the “$6 billion man,” a reference to the 1970s American television series, “6 Million Dollar Man,” about a spy with bionic implants. Cheng was the technical visionary behind ArrowPoint's innovative intelligent L4-7 load balancing switches, optimized for e-commerce and content delivery capabilities. After the sale of Arrowpoint, Cheng held various executive management positions at Cisco Systems, including group vice president, general manager and vice president of strategy for Cisco's Content and Multi-Service Edge Group. Prior to founding Arrowpoint, he co-founded Arris Networks with Wufu Chen. Arris developed high-density Internet access products. Arris was sold to Cascade Communications for $150 million in 1996, just seven months after founding. Cheng also founded Acopia Networks, a high-performance, intelligent file virtualization solutions. Acopia raised USD 85 million venture funding and was sold to F5 Networks in 2007 for $210 million. After Acopia, he founded Azuki Systems that provided an over-the-top (OTT) media delivery platform enabling content publishers and service providers to deploy TV Everywhere on multiscreen devices. Azuki raised $36 million in venture founding and was sold to Ericsson in 2014 for an undisclosed sum.
Cheng was named to InteractiveWeek magazine’s ‘Top 25 Unsung Heroes of the Internet’ in 2000 and the Key Industry Player by the Massachusetts Telecom Council in 2002. He served on board of directors of Acer, Arescom, DataPower, EiQ, Watercove and NetBrain. He holds a Bachelor's Degree in electrical engineering from ChiaoTung University, Taiwan and a Master's Degree in computer science from Indiana University.