Taiwanese government to lend HTC a helping hand

August 10, 2012
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The once mighty Android hero HTC has lost its financial prowess due to bad sales and investment in recent months. This, in turn, has spooked investors from holding on to HTC’s shares in the stock market and they are now busy chanting ‘sell, sell, and sell’. As reported, no less than $1 billion in market value was wiped out from HTC’s vault in just two days. Taiwan’s Central Bank Governor, who spotted the troubling signs, made a case to the government to do their part in saving HTC.

Speaking at a cabinet meeting, Perng Fai-nan said that the financial status of HTC is “of vital importance to the islands’ gross domestic product” and urged government to provide some financial assistance. Realizing that HTC has been a great contributor to Taiwan’s economy, he believes that the “bailout” will help boost the country’s ever declining export numbers, which have fallen for 5 consecutive months.

And how did the Taiwanese government respond to the plea? According to the Commercial Times, the Ministry of Economic Affairs is already talking of ways to help the flailing phone maker. Hopefully this means HTC won’t have to skimp on its R&D spending and can keep churning out goods like the HTC One X or the rumored 5-incher HTC Endeavor C2.

Voice your support in the comments below if you’d hate to see HTC go down the drain!

Comments

  • brian

    Sigh..
    i always love Htc Sense..
    sense widget just too awesome!!!!!!!!!!!!
    work harder..
    impress others with your new upcoming flagship model

  • kurt hinds

    I’m glad HTC is getting assistance! Would be sad to see them fail!

  • ArCol

    I am not from Taiwan, but I sincerely think that HTC is the best Android OEM.

  • Pablo RodrĂ­guez

    I love HTC, they make the best looking and feeling phones. and sense is amazing, their the best android OEM imo. so happy to hear theyre getting help :)

  • mingge253

    tinyurl.com/cyk9xz2

  • chang

    if the chairwoman of HTC cher wang refuses to support the taiwanese people by promoting HTC as a taiwanese brand, and instead states that HTC is a chinese company and openly declares her support for the so-called “one-china” policy (which implies that she thinks taiwan is a part of china), then why should we the taiwanese people support her? it’s no secret that taiwanese people don’t buy HTC. besides she was ranked by forbes as the richest person in taiwan last year so why doesn’t she use her own capital to save the company instead of asking the taiwanese people and government for our money?

  • http://www.facebook.com/kenlcc Ken L.c.c

    the reason of HTC going downhill is it pissed off a lot of it’s customers by not giving us the updates we deserves. We are banning HTC and love to see it fail unless it give us what we want.

    so NO to HTC!