Gigabyte Apologizes for ‘Made in China’ Comment After Losing $550 Million

Gigabyte has apologized for a comment it made about Chinese manufacturing that prompted social media outrage, led several marketplaces to remove its products from their platforms, and caused a $550 million drop in its market value.

According to Bloomberg, the company published a blog post on Monday slamming its competitors for outsourcing production to Chinese manufacturers that make products in a “low-cost, low quality way.” (The blog post has since been deleted.)

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