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HTC Considers Factory Sale in Shanghai
By Vincent Wang
Published: Aug 20,2015
TAIPEI, Taiwan — It is widely circulated that the struggling HTC Corp. is in talks to sell its smartphone manufacturing factory in Shanghai to an unidentified Chinese company to address its mounting financial woes. The company withheld comment on this.
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According to the latest edition of the Chinese-language Next Magazine on August 19 reported HTC has planned to shut down two production lines in the Shanghai factory and discussed the sale of the facility with a Chinese firm.
HTC will also again lay off labor and other staff member working in offices and sites all across the globe, based on the report.
However, HTC withheld comment on this.
Furthermore, the company set up the 146,667m2 factory in the Pudong New Area of Shanghai in 2009 with an initial investment of NT$1.05 billion, the magazine cited.
Interestingly, Upleaks, an account in weibo pointed that the coming flagship of HTC will be named O2 instead of M10.
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