Taiwanese smartphone maker HTC has claimed it will not consider a sale to local technology firm Asus, after the latter’s chairman said it would not rule out the possibility of an acquisition.
Asus later clarified its chairman’s comments at a…
Taiwanese smartphone maker HTC has claimed it will not consider a sale to local technology firm Asus, after the latter’s chairman said it would not rule out the possibility of an acquisition.
Asus later clarified its chairman’s comments at a shareholder meeting on Friday by saying it had no current investment plans for the group.
However, HTC went further in a statement to Taiwan’s stock exchange: “We strongly deny the news. We didn’t contact [Asus] and will not consider the acquisition.
“As an international brand, HTC will continue to design world-class innovative smart devices through its pursuit of brilliance brand promise.”
Smartphone makers like HTC have been struggling amid increasing competition in the market from heavyweight players such as Apple.
This pressure helped push European vendor Alcatel-Lucent into merger talks last month with Finland’s Nokia, which sold its handsets and services business to Microsoft last year.
