Gaming Gear Maker Gigabyte Dives After Mocking ‘Made in China’
- Its products were removed from Chinese online shopping sites
- Gigabyte’s shares tumbled a second day despite its apology
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Gigabyte Technology Co. has become the latest international business to face a boycott in China after its comments about shoddy Chinese-made goods prompted an online furor and its removal from e-commerce sites.
Shares of Gigabyte, which makes motherboards and graphics cards alongside gaming laptops, sank by the daily limit for a second day, diving 10% in Taipei on Wednesday. Gigabyte has lost roughly $550 million in market value after the firm published a post on its website that claimed it differed from other unnamed brands that chose to outsource to Chinese contract manufacturers in a “low-cost, low quality way.”