HTC has entered the VR business in a bid to diversify its product portfolio and add sales to offset the impact of competition in the global smartphone market. It is, however, reported by some local news sources that the departure is part of Chang's plan to establish an AI startup later this year. His replacement has not yet been announced and Chairwoman and CEO Cher Wang will likely take over his duties until the company can find someone to fill his position.
HTC has been struggling in the smartphone sector and according to the latest info, in 2017, lost around $103 million in Q3.
A leaked image of HTC's upcoming U12 phone. "We thank him for his dedication to the Company for the last six years and wish him well in his future endeavours". And from the scenarios, it seems like the HTC U12 could be the last of its name, and the company might look forward to mid-range devices onwards. The move comes months after Google chose to buy the smartphone design and engineering team from HTC for $1.1 billion (roughly Rs. 7,000 crores), and it could be the outcome of the plan that was reportedly aimed to streamline the company's smartphone lineup this year. The device is expected to have thinner bezels, Snapdragon 845 64-bit octa-core SoC from Qualcomm.