HTC America Holding Inc, a unit of Taiwanese smartphone vendor HTC Corp (宏達電), must develop and release software patches to fix vulnerabilities found in millions of smartphones and tablet computers under a settlement announced yesterday with the US Federal Trade Commission.
The vulnerabilities placed sensitive information about millions of consumers at risk and potentially permitted malicious applications to send text messages, record audio and install additional malware without a user’s knowledge or consent, the commission said in a news release.
Malware placed on devices could be used to record and transmit information entered into devices, including financial account data and calendar entries, or get access to a user’s location, the commission said.
“We have addressed the identified security vulnerabilities on the majority of devices in the US,” HTC America said in an e- mailed statement. “We’re working to roll out the remaining software updates now and recommend customers download them once available.”
HTC Corp was the top maker of smartphones in the US in the third quarter of 2011 before it lost market share to Apple Inc and Samsung Electronics Co. It dropped off the list of the world’s five biggest smartphone vendors in the three months ended on December last year.
The settlement requires HTC America to establish a comprehensive security program and undergo independent security assessments every other year for the next 20 years. HTC America and its partners are in the process of deploying the security patches required by the settlement, the commission said.
It also prohibits the company from making false or misleading statements about consumer data security and privacy on HTC devices, the commission said in its release.
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said second-quarter revenue is expected to surpass the first quarter, which rose 30 percent year-on-year to NT$118.92 billion (US$3.71 billion). Revenue this quarter is likely to grow, as US clients have front-loaded orders ahead of US President Donald Trump’s planned tariffs on Taiwanese goods, Delta chairman Ping Cheng (鄭平) said at an earnings conference in Taipei, referring to the 90-day pause in tariff implementation Trump announced on April 9. While situations in the third and fourth quarters remain unclear, “We will not halt our long-term deployments and do not plan to
‘SHORT TERM’: The local currency would likely remain strong in the near term, driven by anticipated US trade pressure, capital inflows and expectations of a US Fed rate cut The US dollar is expected to fall below NT$30 in the near term, as traders anticipate increased pressure from Washington for Taiwan to allow the New Taiwan dollar to appreciate, Cathay United Bank (國泰世華銀行) chief economist Lin Chi-chao (林啟超) said. Following a sharp drop in the greenback against the NT dollar on Friday, Lin told the Central News Agency that the local currency is likely to remain strong in the short term, driven in part by market psychology surrounding anticipated US policy pressure. On Friday, the US dollar fell NT$0.953, or 3.07 percent, closing at NT$31.064 — its lowest level since Jan.
The US dollar was trading at NT$29.7 at 10am today on the Taipei Foreign Exchange, as the New Taiwan dollar gained NT$1.364 from the previous close last week. The NT dollar continued to rise today, after surging 3.07 percent on Friday. After opening at NT$30.91, the NT dollar gained more than NT$1 in just 15 minutes, briefly passing the NT$30 mark. Before the US Department of the Treasury's semi-annual currency report came out, expectations that the NT dollar would keep rising were already building. The NT dollar on Friday closed at NT$31.064, up by NT$0.953 — a 3.07 percent single-day gain. Today,
The New Taiwan dollar and Taiwanese stocks surged on signs that trade tensions between the world’s top two economies might start easing and as US tech earnings boosted the outlook of the nation’s semiconductor exports. The NT dollar strengthened as much as 3.8 percent versus the US dollar to 30.815, the biggest intraday gain since January 2011, closing at NT$31.064. The benchmark TAIEX jumped 2.73 percent to outperform the region’s equity gauges. Outlook for global trade improved after China said it is assessing possible trade talks with the US, providing a boost for the nation’s currency and shares. As the NT dollar