Smartphone vendor HTC Corp (宏達電) yesterday declined to confirm a media report that Edward Wang (王文淵) had been appointed as acting chief financial officer.
Instead, the company echoed a statement from Dec. 17 last year that said chief financial officer Chang Chia-lin (張嘉臨) will continue in his role “until the time a transition of responsibilities makes sense.”
The rumored shake-up comes after HTC in December last year assigned Chang a new role as global head of sales after more than two years of quarterly sales declines.
Photo: Maurice Tsai/Bloomberg
According to a Bloomberg report, Wang had been tapped to take the role of acting chief financial officer after serving as associate vice president of finance and accounting because Chang had increased his focus on HTC’s global sales.
While the Taoyuan-based HTC declined to comment on the report, it said Chang “played a key role” in helping the company seek product innovation and business growth.
“With our commitment to expanding sales and entering new distribution channels, Chang has been deeply involved at a strategic level,” HTC said in an e-mailed statement.
“As such, he is well-positioned to help lead HTC in our next phase of growth as global head of sales since last December. Until the time a transition of responsibilities makes sense, he will also continue in his role as chief financial officer,” it added.
HTC plans an earnings conference call for Tuesday next week.
The company’s sales last quarter shrank 22.59 percent year-on-year to a five-year low of NT$33.12 billion (US$1.1 billion), missing the company’s own estimate of between NT$34 billion and NT$36 billion.
HTC generated a net loss of NT$1.88 billion last quarter, after a net profit of NT$85 million a year earlier.
Chang in February said the company would turn profitable beginning this quarter, as it started selling its a new flagship product, the HTC One M8, and mid-tier models the HTC Desire 816 and HTC Desire 610 in emerging markets such as China and India.
Anna Bhobho, a 31-year-old housewife from rural Zimbabwe, was once a silent observer in her home, excluded from financial and family decisionmaking in the deeply patriarchal society. Today, she is a driver of change in her village, thanks to an electric tricycle she owns. In many parts of rural sub-Saharan Africa, women have long been excluded from mainstream economic activities such as operating public transportation. However, three-wheelers powered by green energy are reversing that trend, offering financial opportunities and a newfound sense of importance. “My husband now looks up to me to take care of a large chunk of expenses,
SECTOR LEADER: TSMC can increase capacity by as much as 20 percent or more in the advanced node part of the foundry market by 2030, an analyst said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to lead its peers in the advanced 2-nanometer process technology, despite competition from Samsung Electronics Co and Intel Corp, TrendForce Corp analyst Joanne Chiao (喬安) said. TSMC’s sophisticated products and its large production scale are expected to allow the company to continue dominating the global 2-nanometer process market this year, Chiao said. The world’s largest contract chipmaker is scheduled to begin mass production of chips made on the 2-nanometer process in its Hsinchu fab in the second half of this year. It would also hold a ceremony on Monday next week to
TECH CLUSTER: The US company’s new office is in the Shalun Smart Green Energy Science City, a new AI industry base and cybersecurity hub in southern Taiwan US chip designer Advanced Micro Devices Inc (AMD) yesterday launched an office in Tainan’s Gueiren District (歸仁), marking a significant milestone in the development of southern Taiwan’s artificial intelligence (AI) industry, the Tainan City Government said in a statement. AMD Taiwan general manager Vincent Chern (陳民皓) presided over the opening ceremony for the company’s new office at the Shalun Smart Green Energy Science City (沙崙智慧綠能科學城), a new AI industry base and cybersecurity hub in southern Taiwan. Facilities in the new office include an information processing center, and a research and development (R&D) center, the Tainan Economic Development Bureau said. The Ministry
State-run CPC Corp, Taiwan (CPC, 台灣中油) yesterday signed a letter of intent with Alaska Gasline Development Corp (AGDC), expressing an interest to buy liquefied natural gas (LNG) and invest in the latter’s Alaska LNG project, the Ministry of Economic Affairs said in a statement. Under the agreement, CPC is to participate in the project’s upstream gas investment to secure stable energy resources for Taiwan, the ministry said. The Alaska LNG project is jointly promoted by AGDC and major developer Glenfarne Group LLC, as Alaska plans to export up to 20 million tonnes of LNG annually from 2031. It involves constructing an 1,290km
RSS