HTC selling off its Shanghai smartphone factory to Chinese brand
HTC has a number of facilities across mainland China and Taiwan, which it uses to manufacture its own smartphones. The Shanghai factory, in particular, was built in 2009 at a cost of about $32.2 million. In 2010, when HTC was in good times and revenue skyrocketed, the factory, which has a working area of around 147 square meters, operated at double capacity.
On the upside, selling the factory will put a welcome cash injection in HTC's dwindling bank account. In addition, the company doesn't seem to be disheartened by the trying times that have fallen upon it, as leaked information about an upcoming flagship smartphone, the Snapdragon 820-powered HTC O2, suggests HTC hasn't lost any of its high-end device ambition.