Taiwanese smartphone maker HTC is understood to have halted at least one of its four main manufacturing lines – a fifth of total capacity – as reduced sales has put pressure on cash flow, according to a report.
Cash flow is understood to have dropped to a negative US$707.2m at the end of June.
HTC has denied that it is shutting down production lines or plans to sell factory assets.
However, citing sources, the report claims HTC has combined production from two lines in Taoyuan, Taiwan, into one, potentially reducing its product capacity by about 1m phones per month.
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