Smartphone vendor HTC Corp (宏達電) announced on Thursday the appointment of Jack Tong (董俊良) as president of its China operations, where the Taiwanese company is squeezed by other high-end and low-cost phone makers.
Tong, who will still serve concurrently as HTC’s North Asia president, is expected to “actively explore China’s smartphone market and further enhance HTC’s sales growth and management efficiency” in his new position, the company said in a statement.
Tong’s predecessor, Ray Yam (任偉光), will focus on the development of HTC’s emerging business in China, the statement said.
China’s smartphone market, which accounted for 20 to 25 percent of HTC’s total shipments last year based on analysts’ estimates, is forecast to grow 75 percent this year.
However, HTC’s brand awareness among Chinese consumers grew slowly to 28.4 percent in the second quarter of the year from 23 percent a year earlier, a survey by global market research firm TrendForce Corp (集邦科技) showed.
By contrast, Chinese brand awareness of Apple Inc’s iPhone jumped from 54.9 percent to 80.6 percent over the same period, while that of Samsung Electronics Co surged from 59.9 percent to 79.6 percent.
Even domestic Chinese handset makers have made huge progress in brand recognition over the past year, with Xiaomi Technology Co (小米) rising from 3.9 percent to 15.4 percent, Lenovo Group (聯想) growing from 8.5 percent to 15.2 percent and Huawei Technologies Co (華為) gaining from 3.5 percent to 15.2 percent, TrendForce said.
HTC’s second-quarter net income dropped 83 percent from a year earlier, while revenue fell 22 percent.
Last month, the Taiwanese company said sales may drop for an eighth quarter in the three months ending Sept. 30 amid intensifying competition.
ADVANCED: Previously, Taiwanese chip companies were restricted from building overseas fabs with technology less than two generations behind domestic factories Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), a major chip supplier to Nvidia Corp, would no longer be restricted from investing in next-generation 2-nanometer chip production in the US, the Ministry of Economic Affairs said yesterday. However, the ministry added that the world’s biggest contract chipmaker would not be making any reckless decisions, given the weight of its up to US$30 billion investment. To safeguard Taiwan’s chip technology advantages, the government has barred local chipmakers from making chips using more advanced technologies at their overseas factories, in China particularly. Chipmakers were previously only allowed to produce chips using less advanced technologies, specifically
BRAVE NEW WORLD: Nvidia believes that AI would fuel a new industrial revolution and would ‘do whatever we can’ to guide US AI policy, CEO Jensen Huang said Nvidia Corp cofounder and chief executive officer Jensen Huang (黃仁勳) on Tuesday said he is ready to meet US president-elect Donald Trump and offer his help to the incoming administration. “I’d be delighted to go see him and congratulate him, and do whatever we can to make this administration succeed,” Huang said in an interview with Bloomberg Television, adding that he has not been invited to visit Trump’s home base at Mar-a-Lago in Florida yet. As head of the world’s most valuable chipmaker, Huang has an opportunity to help steer the administration’s artificial intelligence (AI) policy at a moment of rapid change.
TARIFF SURGE: The strong performance could be attributed to the growing artificial intelligence device market and mass orders ahead of potential US tariffs, analysts said The combined revenue of companies listed on the Taiwan Stock Exchange and the Taipei Exchange for the whole of last year totaled NT$44.66 trillion (US$1.35 trillion), up 12.8 percent year-on-year and hit a record high, data compiled by investment consulting firm CMoney showed on Saturday. The result came after listed firms reported a 23.92 percent annual increase in combined revenue for last month at NT$4.1 trillion, the second-highest for the month of December on record, and posted a 15.63 percent rise in combined revenue for the December quarter at NT$12.25 billion, the highest quarterly figure ever, the data showed. Analysts attributed the
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) quarterly sales topped estimates, reinforcing investor hopes that the torrid pace of artificial intelligence (AI) hardware spending would extend into this year. The go-to chipmaker for Nvidia Corp and Apple Inc reported a 39 percent rise in December-quarter revenue to NT$868.5 billion (US$26.35 billion), based on calculations from monthly disclosures. That compared with an average estimate of NT$854.7 billion. The strong showing from Taiwan’s largest company bolsters expectations that big tech companies from Alphabet Inc to Microsoft Corp would continue to build and upgrade datacenters at a rapid clip to propel AI development. Growth accelerated for