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.)



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *