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Taiwan’s top banker advises government to help HTC

August 11, 2012 by Dusan Belic - 4 Comments

Taiwain's top banker advises government to help HTC
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HTC has seen better days and is still having hard time convincing users to buy their products (rather than Samsung’s). Even though we like the HTC One X, it seems that its awesome specs sheet isn’t enough to take HTC back to profitability. Heck, it looks like the situation is getting super-cereal when Taiwanese central bank governor Perng Fai-nan called on the government to react and help HTC get its mojo back.

HTC is one of Taiwan’s biggest exporters and its fate is closely linked to the fate of the whole country. The other question is what the World Trade Organization thinks about the government helping a local company which competes in the global marketplace? And besides, I’m not sure how they can help it. It’s not like that more money necessarily boosts innovation and bring better products to the market. Sure enough, Samsung is sitting on a bigger pile of cash, but we all remember the days when Nokia used to rule the mobile world.

The epilog is still unknown, but apparently the country’s Ministry of Economic Affairs is already discussing means of helping the ailing phone giant. We’ll see where that goes…

[Via: somobile]

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