HTC Corp (宏達電), the world’s fifth-largest smartphone maker, began operations at its new European headquarters in Slough, England, yesterday in an effort to strengthen ties with its partners and operators throughout Europe.
HTC’s prior European headquarters had been in London and expanded from just five employees in 2005 to more than 500 people as of this year, the Taoyuan-based company said in a statement.
“HTC is growing on all fronts in 2011,” CEO Peter Chou (周永明) said in the statement. “We’re attracting new, exciting talent to the senior management team and increasing our commitment to local markets through investment in people and partnerships.”
“Our new European office is a natural next step to show our commitment to the EMEA [Europe, the Middle East and Africa] market,” Chou added.
The new facility will house the senior management, sales, marketing and engineering teams for its HTC EMEA and HTC UK businesses, the statement said.
HTC’s smartphone shipments surpassed 20 million units for the first time last year, up more than 100 percent from the previous year. Its consolidated sales hit a new high of NT$278.8 billion (US$9.6 billion) last year, growing 93 percent from 2009.
The world’s No. 5 smartphone maker sold 9.7 million smartphones in the first three months this year — an increase of 192 percent year-on-year.
The company predicts second-quarter shipments will hit 11 million to 11.5 million units, up 110 percent to 113 percent from a year earlier.
Real estate agent and property developer JSL Construction & Development Co (愛山林) led the average compensation rankings among companies listed on the Taiwan Stock Exchange (TWSE) last year, while contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) finished 14th. JSL Construction paid its employees total average compensation of NT$4.78 million (US$159,701), down 13.5 percent from a year earlier, but still ahead of the most profitable listed tech giants, including TSMC, TWSE data showed. Last year, the average compensation (which includes salary, overtime, bonuses and allowances) paid by TSMC rose 21.6 percent to reach about NT$3.33 million, lifting its ranking by 10 notches
Popular vape brands such as Geek Bar might get more expensive in the US — if you can find them at all. Shipments of vapes from China to the US ground to a near halt last month from a year ago, official data showed, hit by US President Donald Trump’s tariffs and a crackdown on unauthorized e-cigarettes in the world’s biggest market for smoking alternatives. That includes Geek Bar, a brand of flavored vapes that is not authorized to sell in the US, but which had been widely available due to porous import controls. One retailer, who asked not to be named, because
SEASONAL WEAKNESS: The combined revenue of the top 10 foundries fell 5.4%, but rush orders and China’s subsidies partially offset slowing demand Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) further solidified its dominance in the global wafer foundry business in the first quarter of this year, remaining far ahead of its closest rival, Samsung Electronics Co, TrendForce Corp (集邦科技) said yesterday. TSMC posted US$25.52 billion in sales in the January-to-March period, down 5 percent from the previous quarter, but its market share rose from 67.1 percent the previous quarter to 67.6 percent, TrendForce said in a report. While smartphone-related wafer shipments declined in the first quarter due to seasonal factors, solid demand for artificial intelligence (AI) and high-performance computing (HPC) devices and urgent TV-related orders
MINERAL DIPLOMACY: The Chinese commerce ministry said it approved applications for the export of rare earths in a move that could help ease US-China trade tensions Chinese Vice Premier He Lifeng (何立峰) is today to meet a US delegation for talks in the UK, Beijing announced on Saturday amid a fragile truce in the trade dispute between the two powers. He is to visit the UK from yesterday to Friday at the invitation of the British government, the Chinese Ministry of Foreign Affairs said in a statement. He and US representatives are to cochair the first meeting of the US-China economic and trade consultation mechanism, it said. US President Donald Trump on Friday announced that a new round of trade talks with China would start in London beginning today,