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HTC chair only Taiwanese on Forbes' most powerful women list

2012/08/23 23:13:43

Taipei, Aug. 23 (CNA) Cher Wang, co-founder and chairwoman of Taiwan-based smartphone maker HTC Corp., was the only Taiwanese woman included on Forbes magazine's list of the world's 100 most powerful women this year.

Wang was ranked 56th in the 2012 list, down from her 20th spot a year earlier, largely due to a rough last year that saw her company take financial hits from bruising encounters with Apple Inc. and Samsung Electronics Co.

HTC's revenues in the second quarter of 2012 shrunk 50 percent from a year earlier and the personal fortune of Wang and her husband Chen Wen-chi suffered a US$3 billion hit.

Patent disputes with Apple have hurt HTC's share price, which was as high as NT$1,300 (US$43.42) on April 29, 2011. The price began to slide in June last year because of the disputes, and in Thursday trading, the share price was NT$250.50.

German Chancellor Angela Merkel -- dubbed the "Iron Lady of Europe" and a lead player in the eurozone economic drama that continues to threaten global markets -- remains at the top of the Forbes list of female heavyweights.

U.S. Secretary of State Hillary Clinton came in second for her no-nonsense diplomatic style and for her adept response to the Arab Spring and Wikileaks' publishing of classified U.S. diplomatic cables.

Sheryl Sandberg, Facebook's chief operating officer who ranked 10th, is the most powerful women from the technology sector on the list. The top 10 women on the list mostly came from the political, humanitarian and media fields.

From China, Zhang Xin, co-founder and CEO of property developer Soho China Ltd., ranked 42nd, and Sun Yafang, chairperson of Chinese telecom equipment firm Huawei Technologies, ranked 91st.

(By Stacy Wu and Hanna Liu)