-
HTC sells Taoyuan City factory to Inventec
In an effort to reduce overhead costs, HTC has sold its Taoyuan City factory and land to Inventec for $174 million. HTC’s Taoyuan City factory was temporarily closed in the fall of 2013 due to a decline in sales of HTC phones. At the time, HTC’s factory in Taoyuan City accounted for one-fifth of HTC total production capacity. The sale…
-
HTC cutting 15% of its workforce in an attempt to end its downward spiral
Following last week’s disappointing revenue numbers for July, HTC has announced today that the company will cut its workforce by 15%. The internal reorganization will leave more than 2,000 HTC employees jobless. HTC has not announced how quickly the jobs will be eliminated, but it is in HTC’s best interest to move as quickly as…