ABC for HTC with Alphabet deal looming

21 September, 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.

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.

Recommended:



Popular

Synchronoss Technologies, Inc. (NASDAQ:SNCR) up 0.81% in pre-session
It is still unclear how the remaining business has performed as the company is yet to issue a corporate and financial update. Wealthsource Partners LLC increased its position in shares of Synchronoss Technologies by 241.5% during the second quarter.

Apple Stock Falls as Series 3 Watch Connectivity Issues Come to Light
If you need a really fast processor, the best possible camera or wireless charging, maybe these phones are good mid-range options. The 8s are familiar-looking phones that mostly operate the way people expect them to, observed Chris Velazco for Engadget.

Trump Leaning Toward Decertifying Iran Nuclear Deal
The Republican president hinted on Tuesday that he may not recertify the pact , negotiated by his Democratic predecessor, Barack Obama .

Scott should keep demanding better for seniors in nursing homes
First up: critical infrastructure, like hospitals, emergency operations centers and some corrections facilities and nursing homes. Video from the nursing home shows residents suffered in the sweltering heat as staff used fans to cool them.

Quartz's iPhone news app gets augmented reality treatment with ARKit
Another interesting thing we get when we upgrade our iPhones and iPads to the latest iOS 11 is the all-new " App Store ". After months of testing, the anticipated iOS system update for your iPhone , iPad and iPod touch is now available.