HTC smartphone business president leaves sinking ship ahead of U12 launch

CNA file

CNA file

After all, Chang stood by HTC through thick and thin since April 2012, having left his cozy position as a senior banker and partner at Goldman Sachs.

Chang had previously been HTC's CFO and eventually became its head of global sales.

HTC said it is a personal career move, while media reports indicate Chang intends to launch an AI startup in the future. The Company claims that the reason for Chang's departure was due to "personal career plan".

HTC said Chang's resignation is not expected to impact the company's operations since the smartphone brand recently completed an internal business restructuring by appointing five managing directors to supervise its smartphone and artificial virtual operations in Taiwan, the Americas, Europe, North Asia and China.

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"We can confirm Chialin Chang has resigned from his position as President of the Smartphone and Connected Devices Business at HTC". Hopefully, the company will find someone who can help HTC revisit its glory days when it was one of the top smartphone manufacturers in the world.

HTC, the popular Taiwanese tech giant, has ended the year 2017 by recording the lowest revenue of $2.1 billion in 13 years. The move comes months after Google made a decision to buy the smartphone design and engineering team from HTC for $1.1 billion (roughly Rs. 7,000 crores), and it could be the outcome of the plan that was reportedly aimed to streamline the company's smartphone lineup this year.

HTC hasn't officially quit the smartphone business just yet, but with the Google deal and now this, it is seeming increasingly likely that HTC may stop producing its own phones.

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