Those speculations about HTC eying Nokia’s Chennai plant in India have fallen flat. The Taiwanese company has issued a clarification saying that it is not interested in purchasing it. As we had reported, the plant will most probably be turned into a manufacturing facility after the Finnish company and Microsoft close the much-talked-about acquisition deal on April 25, that’s tomorrow.
After the reports about HTC’s intention of purchasing the plant located on the outskirts of Chennai in India went viral, the conglomerate got in touch with the guys over at Economic Times. It informed them that although it does invest in potential businesses and it has no intentions of purchasing this manufacturing facility.
In an interview with the same paper on April 21, Chialin Chang, Chief Financial Officer at HTC had expressed an interest in the facility. He said that the company will be happy to look further into the matter, if it can help serve customers better.
Nokia has made the decision of selling its Chennai-based facility due to the loss the company is facing and because the plant has run into multiple tax disputes with the Indian government. What remains to be seen is if it sells the plant to Microsoft or a third-party manufacturer.