Smartphone maker HTC Corp (宏達電) recently lost an important executive at a time when the world’s No. 5 smartphone brand is embroiled in a patent fight with Apple Inc and facing intensified competition from Samsung Electronics Co.
Horace Luke (陸學森), who joined HTC in 2006 as chief innovation officer, left the company at the end of April, HTC confirmed in an e-mailed statement yesterday, following reports of Luke’s departure by various foreign news outlets earlier yesterday.
“Horace Luke, HTC’s chief innovation officer, has left HTC for personal reasons,” the company said in the statement.
Speculation that Luke had left started when the Chinese-language Commercial Times reported on June 23 that HTC’s annual report, which was released at its shareholders’ meeting last month, stated in a footnote that he “was no longer working as the chief innovation officer.”
The company said yesterday that vice president of design Scott Croyle — formerly a partner at San Francisco-based industrial design firm One & Co, which HTC acquired in 2008 — has taken over Luke’s responsibilities.
“Horace nurtured a culture of innovation at HTC and instilled a strong consumer design-focus among our employees, who continue to raise the bar in designing products that capture our customers’ imagination,” the firm said.
Luke has strong hardware and software innovation and design capabilities in consumer and communication electronics. He was particularly known for his effort in helping to push forward the company’s Touch Diamond smartphone in 2008 and its first Google Android smartphone, HTC Desire, last year.
Prior to joining HTC, Luke worked at Microsoft Corp and Nike Inc. Luke’s departure marked the second major personnel change at HTC this month. On July 13, the company announced the promotion of Jason Mackenzie, president of the firm’s North America and Latin America operations, to the newly created position of global sales and marketing president, a move viewed by market watchers as a strategy to strengthen HTC’s competition with Apple in the US market.
‘BIG LOSS’: This year might see the last generation of Huawei’s Kirin chips, as their production would stop next month because they are made using US technology Chinese tech giant Huawei Technologies Co (華為) is running out of processor chips to make smartphones due to US sanctions and would be forced to stop production of its own most advanced chips, a company executive has said, in a sign of growing damage to Huawei’s business from US pressure. Huawei, one of the biggest producers of smartphones and network equipment, is at the center of US-Chinese tension over technology and security. Washington last year cut off Huawei’s access to US components and technology, and those penalties were tightened in May, when the White House barred vendors worldwide from using US
’WHITE BOX’: The open platform would give local firms access to Cisco’s cloud-based mobile network to develop 5G telecom equipment and tap into the global market The Ministry of Economic Affairs (MOEA) yesterday introduced a new 5G “open lab” in collaboration with US-based information technology and networking giant Cisco Systems Inc to address the rapidly growing “white box” 5G networking equipment market. The open lab will be a platform where Taiwanese manufacturers can access Cisco’s cloud-based mobile network to develop their own 5G telecom equipment, such as small-cell base stations, network switches, modems and Internet of things (IoT) devices, a ministry statement said. The open platform would allow Taiwanese manufacturers to tap into the lucrative 5G telecom equipment market, which was previously monopolized by Nokia Oyj, Ericsson AB
CORPORATE SCANDAL: Cathay Life has invested NT$13.3 billion in Bank Mayapada since 2015, but the latest loss of NT$8.8 billion has completely written off its investment Cathay Life Insurance Co (國泰人壽) yesterday said it would recognize an investment loss of NT$8.8 billion (US$298.1 million) in Indonesia’s Bank Mayapada Internasional Tbk PT due to concerns about the lender’s operations amid a corporate scandal. The company said it would revise its earnings result for June, from a net profit of NT$6.52 billion to a net loss of NT$520 million, its first monthly loss over the past 17 months. After booking an investment loss of NT$5.2 billion in Bank Mayapada earlier this year, Cathay Life has so far recognized total investment losses of NT$14 billion in the lender, executive vice president
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday reported that revenue last month expanded 25 percent annually, but fell 12.8 percent month-on-month to NT$105.96 billion (US$3.59 billion). In the first seven months of this year, the chipmaker’s revenue surged 33.6 percent to NT$727.26 billion, compared with NT$544.46 billion a year earlier. TSMC has said it aims to grow its revenue by more than 20 percent this year. The company has since May 15 stopped taking new orders from Huawei Technologies Co (華為), its second-biggest customer after Apple Inc, due to the US’ restrictions on exports containing US technologies. TSMC has no plans to