HTC Corporation, or High Tech Computer Corporation (abbreviated and trading as HTC), is a Taiwanese consumer electronics corporation headquartered in Taoyuan District, Taoyuan, Taiwan. Founded in 1997, HTC began as an original design manufacturer and original equipment manufacturer that designed and manufactured laptop computers.[2]
After initially making smartphones based mostly on Windows Mobile, HTC became one of 34 cofounding members of the Open Handset Alliance, a group of handset manufacturers and mobile network operators dedicated to the development of the Android operating system.[3] The HTC Dream (marketed by T-Mobile in many countries as the T-Mobile G1) was the first phone on the market to run Android.
Although initially successful as a smartphone vendor as it became the largest smartphone vendor in the U.S. in Q3 2011,[4] competition from Samsung and Apple, among others, diluted its market share, which dropped to just 7.2% by April 2015, and the company has experienced consecutive net losses. In 2016, HTC began to diversify its business beyond smartphones and has partnered with Valve to produce a virtual reality platform known as HTC Vive. After having collaborated with Google on its Google Pixel, HTC sold roughly half of its design and research talent, as well as non-exclusive rights to smartphone-related intellectual property, to Google in 2017 for US$1.1 billion.
History
Foundation
Cher Wang (王雪紅) and H. T. Cho (卓火土) founded HTC in 1997.[5] Initially a manufacturer of notebook computers, HTC began designing some of the world's first touch and wireless hand-held devices in 1998.[6]
In early 2000s, HTC was one of the OEM manufacturer which produces Windows Mobile PDA devices such as iPAQ and Axim.
HTC started making Windows Mobile PDAs and smartphones starting from 2004 under the Qtek brand. In 2006 the range was rebranded as HTC with the launch of the HTC TyTN.[7]
Corporate affairs
The key trends for HTC are (as of the financial year ending December 31):[73]
HTC's chairwoman and acting CEO is Cher Wang who is the daughter of the late Wang Yung-ching, founder of the plastics and petrochemicals conglomerate Formosa Plastics Group.[6] Peter Chou serves as head of the HTC Future Development Lab,[75] and HT Cho as Director of the Board and Chairman of HTC Foundation.[76] HTC's CFO is Hui-Ming Cheng.[77] In addition to being chair of HTC, Cher Wang is also acting chair of VIA Technologies
Sponsorships
HTC sponsored the HTC-Highroad professional cycling team from 2009 to 2011.[88]
In 2012, HTC became the official smartphone sponsor of the UEFA Champions League and UEFA Europa League.[89] HTC also became the shirt sponsors for the Indian Super League franchise NorthEast United for the 2014, 2015 and 2016 season.[90]
Ahead of the 2015 season, Indian Premier League franchise Kings XI Punjab signed a sponsorship deal with HTC. According to the agreement, HTC would be the team's official principal sponsor, and the company's logo would occupy the right chest position on the Kings XI Punjab playing jersey.[91]
HTC sponsors professional eSports teams FaZe Clan
Contract manufacturing
HTC manufactured various smartphones for other brands including Palm,[95] Fujitsu-Siemens,[96] Hewlett Packard,[97] Google[98][99] and Sony Ericsson.[100]
See also
- List of companies of Taiwan
- Comparison of HTC devices
- HTC Sense
- HTC Vive
- IHTC
- TouchFLO
- TouchFLO 3D
External links
References
- 2018 Q4 Financial Results - Consolidated Financial Report (IFRS) retrieved 2019-04-01^
- HTC Desire 526 price, specifications, features, comparison NDTV Gadgets360.com, retrieved 2017-11-25^
- Google unveils cell phone software and alliance