Published: Wed, February 14, 2018
Science | By

HTC President Chailin Chang resigns

HTC President Chailin Chang resigns

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.

Chang cited a "personal career plan" as the reason for leaving HTC, without going into any details.

So far, HTC has not named a successor to Chang.

Chang earlier joined HTC in 2012 as Chief Financial Officer (CFO).

HTC announced February 14 that Chialin Chang, president of the Smartphone & Connected Devices Business, resigned with immediate effect. HTC sold a large portion of its smartphone engineering and design team to Google in a $1.1 billion deal.

HTC has entered the VR business in a bid to diversify its product portfolio and add sales to offset the impact of competition in the global smartphone market.

Even though HTC has been trying hard to maintain a positive outlook on its clearly dying smartphone business after trading talent for cash with Google, the Taiwanese company's executive exodus continues as revenues are down again.

This morning brings us news that HTC's Chia-Lin Chang, who was occupying the position of President of Smartphones and Connected Devices, has resigned. It is expected that HTC will launch HTC U12 sometime in 2018. Some speculate that the HTC U12 might be the company's last flagship, but nothing is confirmed at this point. The company lost significant ground to rivals in recent years, however, and despite its efforts to catch up and get back on top, it's still struggling to return to its glory days.

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