HTC will not consider a merger with Asustek, HTC said on Monday, responding to comments made by Asustek's head during its annual general meeting on Friday. "[HTC] has not made any contact with Asus regarding this matter, and it will not consider a merger with Asus," the company said in a posting on thewebsite of Taiwan's stock exchange.

Asus chairman Johnny Shih said last week the company would not rule out the possibility of acquiring the struggling smartphone maker.