Merida Industry Co., Ltd (MIC) is a Taiwan-based company that designs, manufactures and markets bicycles globally in over 77 countries. Founded in 1972 by Ike Tseng (1932–2012), the company designs and manufactures over 2 million bicycles a year at its factories in Taiwan (1), China (3) and Germany (1) — the latter where its R&D headquarter is based. After Tseng's death in January 2012, his son Michael Tseng became the company's President.