It hasn’t been all butterflies and magical ponies this year for Taiwanese smartphone manufacturer HTC, and their disappointing performance has had far reaching implications in their home country. So much so that Taiwanese Central Bank Governor Perng Fai-nan has asked their government to step in and offer a helping hand, saying that the financial status of the smartphone maker is of “the of vital importance to the islands’ gross domestic product”, according to Taiwanese news outfit Commercial Times.
Perng Fai-nan said the waning exports of HTC’s handset devices is the leading factor for the island’s declining export momentum and the government should lend a helping hand. Does this mean that HTC is in a bit of a financial tiff right now?
Source: Fox Business