Wednesday, May 12th 2021
GIGABYTE Gives Public Apology for "Made in China" Mocking After Company Shares Plummet by $550 Million
On Monday, GIGABYTE, a Taiwanese PC manufacturer, has published a blog post that made fun of other component manufacturers for having their products made in China, the "low-cost, low-quality way". According to Bloomberg, who was the first to spot the blog post, which is now removed. According to the report, such a statement had a massive toll on the shares of the Taiwanese company. E-commerce operators in China, like JD.com Inc. and Suning.com Co., have removed GIGABYTE products from their offerings and searching GIGABYTE or "Jijia" (Chinese company name) returned zero results from these websites. This has single-handedly caused the shares of the company to plummet by 10%, wiping away around $550 million worth of market cap.
The original blog post has since been removed, and GIGABYTE has issued a public apology, which you can see here. The translation of the text says that "A few days ago, part of the text content published on our official website is seriously inconsistent with the fact. It is caused by poor internal management of the company. We sincerely apologize for the discomfort caused to you." The company has also noted that it is very proud of "Made in China" products. On a more personal note, it is interesting to see such a strict market response coming from a blog post, and even more interesting to witness this exclusion from the Chinese e-commerce companies.
Sources:
Bloomberg, GIGABYTE, via Tom's Hardware
The original blog post has since been removed, and GIGABYTE has issued a public apology, which you can see here. The translation of the text says that "A few days ago, part of the text content published on our official website is seriously inconsistent with the fact. It is caused by poor internal management of the company. We sincerely apologize for the discomfort caused to you." The company has also noted that it is very proud of "Made in China" products. On a more personal note, it is interesting to see such a strict market response coming from a blog post, and even more interesting to witness this exclusion from the Chinese e-commerce companies.
69 Comments on GIGABYTE Gives Public Apology for "Made in China" Mocking After Company Shares Plummet by $550 Million
My country Australia currently has a great human rights record, IMO.
Bleeding hearts on the other hand may be led to believe otherwise.
The point being all nation states have blood on their hands, they are born out of literally bloody battles over decades if not centuries! What are we doing it about now though ~ F nothing? It's all about the monies these days, not land & slave labor is just as much if not more of an issue than anything in the past. Where do you think the cheapest parts that go into your phone or PC are sourced from?
www.techpowerup.com/forums/threads/why-amd-is-not-better-than-intel-an-introspective-look-from-an-amd-fanboy.247705/
You want lasting piece ~ try to sort out the current system & maybe we can get there in the next century or so!
For the Hawks who hope to benefit from war, I say Mutually Assured Destruction (MAD). I would also remind them that scramjet technology has made many military technologies obsolete.
The island has NEVER been ruled by the PRC.Again, they've always had a large factory in Taiwan where they've been making motherboards and graphics cards.
2014 video
Location
goo.gl/maps/JGE42ohXehs59nAx5
otherwise it is simply a case that china company complains about china bad stuff, which should never be addressed as political problems.
fun fact, the current gigabyte psu blowing up issue, those are MIC.
as a china company all chinese think of, gigabyte isn't that politically right to expose china problem.
how about the famous pcie connectors problem on rtx 3080 3090?
i have been saying this is gigabyte's fault. now should I redirect to say it is a chinese company problem although it is not oem but made by gigabyte owned factocy?
www.overclockers.co.uk/forums/threads/3080-3090-3070-gigabyte-eagle-gaming-oc-vision-power-connector-concerns.18900176/
The Chinese response is completely in line with the party, and is how they always respond, just look at Australia, and the fun they are having with China, just because they dared to speak the truth.
Why the author of this was surprised by this fact scares me a little.
See what happened to the poor H&M weeks ago...
hahahaha this is golden coming from a company that's in the midst of a "powergate" due to their EXPLODING power supplies that they forcibly bundle with their Ampere GPUs (gamersnexus video coming), just search for it....
www.britannica.com/place/Taiwan
And Wikipedia says this.
Taiwan, officially the Republic of China, is a country in East Asia.
Neighbouring countries include the People's Republic of China to the northwest, Japan to the northeast, and the Philippines to the south.
To me it's just an island off the coast of China -_-
Coudn't give a fig who lays claim to it as long as my hardware is on the ship out.
And please, don't try to teach me about the nation I live in. I might not be Taiwanese, but I've spent a large chunk of my life here.
The PRC has a matter of fact, never set foot in Taiwan.
The only reason the KMT succeeded in landing here was because the Japanese had left the island without any means of defending itself and the local government at the time didn't have a single ally, as the US forgot about Taiwan, until a certain dictator needed somewhere to flee from the communists.
Or shot...