Taiwanese consumer electronics manufacturing company, HTC, faces a massive obstacle in the present and recent years due to a decline in their products. However, despite the hardships, the company refuses to declare bankruptcy or shut down. Instead, it enlists the help of its co-Founder and former leader, Taiwanese Magnate, Cher Wang, to help the company as CEO during its hard times.
The technology company, HTC, experiences a difficulty that resulted in financial losses and a decline in the market, putting the company at risk and threatens its existence. Again, Cher Wang is called upon to help the company rise against the hardships and persevere in the industry's future.
According to Forbes, HTC's former CEO, Yves Maitre, resigned his post due to COVID-19 Travel restrictions that made him choose between his family and the company. Maitre is a former executive vice president of Orange, a French telecommunications operator.
Maitre resigned after serving HTC for less than a year last September 2, 2020. He was brought on-board HTC to help the company revive sales on its smartphones and VIVE virtual reality system to rival the Oculus VR and Sony Playstation VR.
Currently, Wang is brought back to HTC as the CEO and board chairwoman. The CEO's reinstatement brought an increase of three percent in HTC's shares with just the announcement of her return.
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Cher Wang and HTC
Cher Wang's Guidance and patronage over HTC has brought the company massive success. This includes her CEO stint that fought against tech giants Samsung and Huawei during the reign of the Android smartphone craze back in the late 2000s.
Cher Wang is now back to lead HTC out of the tight spot it currently sits on, declining patronage and market value in the smartphone industry.
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This article is owned by Tech Times
Written by Isaiah Alonzo
