HTC expresses interest in Nokia’s Chennai plant

The Economic Times of India reports that HTC may consider buying Nokia’s Chennai plant if it is put up for sale to a third party other than Microsoft.

The plant may be excluded from the sale of Nokia’s handset division to Microsoft due to an ongoing dispute between Nokia and the Indian Inland Revenue Service.

"I am happy to look into it, because the overall preparation, exploration hinges upon if it will serve consumers better. If that (plant) will do that (service consumers better), then we would be happy to look further into it," Chialin Chang, HTC Chief Financial Officer, told ET.

A person with knowledge of the matter said the Chennai plant may be fast losing its importance to Microsoft, given the ongoing tax issues.

"It makes no sense for Microsoft to keep the factory as they can easily outsource the entire production to China, just like Apple does, and successfully at that", the person said.

Nokia has reportedly already shifted much of the production of its popular Asha series featurephones to Vietnam.

HTC said the Indian market was “very crucial” for HTC and that they were exploring lower price points.

Via NPU

Some links in the article may not be viewable as you are using an AdBlocker. Please add us to your whitelist to enable the website to function properly.

Related
Comments