15 February 2019

FIH silent on HTC outsourcing report, paper says

FIH Mobile Ltd. (02038.HK), formerly Foxconn International Holdings Ltd., is refusing to comment on reports that it has been approached by Taiwanese smartphone vendor HTC Corp. to make its handsets on contract basis, United Evening News reported Wednesday. HTC has denied any such move. HTC is trying to break into mainland China’s low-end smartphone market and outsourcing production is part of the plan, some industry sources were quoted as saying.

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