HTC surrenders, sells off Chinese facility
In China, HTC is reportedly trying to auction off their manufacturing plant to an undisclosed buyer, an insider stated. The facility, a 146,667 square meter factory in Shanghai, cost HTC over $32 to build in 2009 — when demand for HTC phones was on the rise. Today, not much love is being shown to HTC and the company is trying to reduce the amount of red ink it bleeds.
We are hearing that a Chinese phone brand is the main suitor for the HTC facility but due to the classified nature of this development, we are yet to ascertain the actual price the purported buyer is bidding.
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