Taipei, Jan. 15 (CNA) The CEO of Taiwan's HTC Corp. said Sunday that he has no fear of the challenges in the crowded and competitive smartphone market, thanks to the company's innovation power.
HTC CEO Peter Chou said his company will embrace the challenges in 2012, even though it is not easy to move forward in the highly competitive market.
"Competition is good. Competition pushes us, helps us to change better and quicker. And we will be stronger," Chou said at the company's annual year-end banquet.
"Our competitors are very strong. They are striking us with nuclear weapons. But HTC is an excellent team and a strong army. A good soldier will not fear battles," he said.
Chou said HTC began to adjust its organization in the second quarter of last year to improve its innovation, since the company was not satisfied with its performance.
"We are not going to compromise our innovation. We are going to make our innovation a big idea, even bigger," he added.
HTC, a major vendor of smartphones running on Google Inc.'s Android operating system, has been locked in a number of complaints against Apple Inc. since March 2010, with the two sides accusing each other of illegally infringing upon each other's patents on smartphones and tablet computers.
In the latest ruling Dec. 19, the U.S. International Trade Commission (ITC) found that HTC had infringed on one of Apple's four patents related to portable electronic devices.
HTC, however, deemed the ruling as a victory as the function in question is rarely used by consumers and is quite easy to remove from their products.
On Nov. 22, the ITC announced that Apple's Mac OS X system had not infringed on texture compression patents held by S3 Graphics Co., pushing HTC to review its US$300 million (NT$8.99 billion) acquisition of the U.S. graphic chipset designer in July.
(By Jeffrey Wu)