Chinese smartphone brand Honor announced on January 17 that CEO George Zhao has resigned. Jian Li, a former Huawei executive, is set to take over the role. According to the company’s statement, Zhao stepped down from both his director and CEO positions for personal reasons. Honor praised his significant contributions to the company’s growth and development. Zhao also shared his decision on social media, describing it as “an extremely difficult decision.”

As global manufacturing continues to shift away from mainland China, companies with established operations in Southeast Asia are seeing major opportunities emerge. Tony Chou, managing director of Cal-Comp Electronics (Thailand) (CCET), emphasized that while the current environment presents favorable conditions, maintaining readiness for various changes remains crucial.

New players are joining the supply chain competition as China’s major memory chip manufacturers have rapidly developed. It seems to challenge the market positions of Samsung Electronics, SK Hynix, and Micron Technology.