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HTC is eyeballing Nokia's India-based manufacturing facility

HTC is looking to pick up Nokia's manufacturing facility located in India since Microsoft does not want it, could bolster production and lower cost.

@CharlesJGantt
Charles Gantt
Published Tue, Apr 22 2014 9:17 PM CDT   |   Updated Sat, Aug 8 2020 10:29 AM CDT

With Microsoft closing its acquisition deal with Nokia this week, HTC has began eyeballing some of the Nokia-owned assets that will not be transferring over in the deal. A new report from CNET says that HTC is looking to purchase Nokia's manufacturing facility located in Chennai, India. The news comes from HTC's CFO, Chialin Chang, who said that his company was looking into a possible purchase of the facility.

HTC is eyeballing Nokia's India-based manufacturing facility | TweakTown.com

Unfortunately for HTC, the plant has been mixed up in a tax debate in which the Indian government says Nokia owes $500 million in back taxes on the facility. This is one of the major reasons that Microsoft has no interest in the facility, and has expressly avoided adding it into its acquisition deal with Nokia. This could turn out to be a major win for HTC though as the Indian Government could seize the facility and sell it to HTC for pennies on the dollar.

NEWS SOURCE:cnet.com

A web developer by day, Charles comes to TweakTown after a short break from the Tech Journalism world. Formerly the Editor in Chief at TheBestCaseScenario, he now writes Maker and DIY content. Charles is a self proclaimed Maker of Things and is a major supporter of the Maker movement. In his free time, Charles likes to build just about anything, with past projects ranging from custom PC cooling control systems to 3D printers. Other expensive addictions include Photography, Astronomy and Home Automation.

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