Asus's Shih leaves the door open to looking at HTC acquisition

Asus has been focusing on selling more smartphone, and is targeting markets worldwide

The Asus ZenPhone Selfie on show at a Taipei news conference on June 1, 2015

The Asus ZenPhone Selfie on show at a Taipei news conference on June 1, 2015

A deal for Taiwanese PC maker Asustek Computer to buy struggling phone-maker HTC makes sense to some, and on Friday Asus's chairman said he wouldn't rule it out.

An acquisition of HTC would certainly help the PC maker boost its presence in the smartphone market. Asus has only recently begun selling handsets, but it's aiming at shipping 17 million units this year.

At the Asus shareholders' meeting on Friday, Chairman Jonney Shih said in response to a question that Asus wouldn't dismiss the possibility of buying HTC, but that no formal evaluation had been made, according to company spokesman Nick Wu.

In a video news broadcastposted online, Shih added that it would have to consider the two companies' intentions behind such a merger.

Both Asus and HTC are Taiwanese firms, and the island's tech industry has been under pressure, with the rise of Apple, Samsung and vendors from mainland China.

Asus is selling phones in the U.S., and the company is targeting markets worldwide, especially China. At this month's Computex show in Taipei, Asus announced a phone designed for taking "selfies."

HTC, on the other hand, was once a top smartphone vendor, but the company has fallen on tough times, due to the fierce competition in the market. It's been losing market share, posting weak earnings, and seen its stock price fall by over a half this year.

In March, HTC announced its founder Cher Wang would take over as its new CEO, but analysts have said it will have to do more than just shuffle executives to make a turnaround.

HTC declined to comment.

Join the Good Gear Guide newsletter!

Error: Please check your email address.

Tags business issuesconsumer electronicshtcsmartphonesAndroidAsustek ComputerMergers and acquisitions

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Michael Kan

IDG News Service
Show Comments

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?