ABC for HTC with Alphabet deal looming

21 Сентября, 2017, 05:51 | Author: Oscar Goodwin
  • Rick Osterloh senior vice president of Hardware at Google and Cher Wang Chairwoman and CEO of HTC announcing the deal. — Courtesy

Under the deal, Google will acquire a team of people who develop Pixel smartphones for the USA firm and receive a non-exclusive license for the Taiwanese firm's intellectual property. Additionally, this agreement also represents a significant investment by Google in Taiwan as a key innovation and technology hub.

Google has made a strategic investment in HTC, and is hiring its best phone engineers.

"These future fellow Googlers are awesome folks we've already been working with closely on the Pixel smartphone line", Osterloh said, adding that the deal includes a non-exclusive license for HTC intellectual property.

Today, pioneering tech brand HTC announced that they will halt trading of their shares tomorrow pending "the release of material information".

Google has indicated that making its own hardware, from home speakers to phones, will be a continued focus as the company tries to specialize its software for advanced artificial intelligence and virtual reality.

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HTC has helped create a number of Google devices, and provided the manufacturing for the Pixel smartphone.

Whether Google would be taking over merely the smartphone business of HTC or perhaps only their promising virtual reality (VR) division is unclear, but a source told Bloomberg that a full-company takeover is considered less likely at this point.

"It's still early days for Google's hardware business". "We're excited about the 2017 lineup, but even more inspired by what's in store over the next five, 10, even 20 years", said Osterloh. "We can't wait to welcome members of the HTC team to join us on this journey".

This isn't the first time Google's took a stake in a smartphone manufacturer, and it isn't clear why it will be successful this time round.

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