ASUS reportedly looking to buy HTC

Talking to Reuters, Chief Financial Officer David Chang said that the subject was broached internally:

Our chairman has chatted about the topic internally. Still, the chances of an actual takeover are not big as Asustek is a company that has depended on organic growth.

After a dismal start to 2014, HTC has managed to turn profitable in Q4 2014, and has continued the momentum with a slender $11 million net profit in Q1 2015. However, the Taiwanese vendor's latest handset, the One M9, failed to meet expectations, with the brand now forecasting a net loss for Q2.

ASUS, on the other hand, is gaining ground in the Android segment with its ZenFone series. The manufacturer's ZenFone 2 was well-received in China and India, and ASUS is now targeting Western markets by launching the device in the U.S. and Canada. In the PC segment, ASUS continues to be a force to contend with in the component as well as notebook categories.

As Chang says in his quote, chances of an acquisition are remote. If we hear anything to the contrary, we'll let you know.

Source: Reuters

Harish Jonnalagadda
Senior Editor - Asia

Harish Jonnalagadda is a Senior Editor overseeing Asia at Android Central. He leads the site's coverage of Chinese phone brands, contributing to reviews, features, and buying guides. He also writes about storage servers, audio products, and the semiconductor industry. Contact him on Twitter at @chunkynerd.