Google has bought a part of HTC’s Smartphone Operations for $1.1 Billion. The Google will now have direct access to the hardware technology and manpower of the Taiwanese company to build their own devices. The search engine giant will acquire certain employees, which are currently working on the Pixel phones.
In addition, Google will also receive a non-exclusive license for HTC’s intellectual property. This means that Google will have access to HTC’s manufacturing patents and designs for its future Pixel devices. This suggests that Google will be designing and developing future Pixel smartphones to compete against giant smartphone manufacturer like Samsung, Apple etc..
HTC will also gain from the deal as they will boost their smartphone lineups to the next level with Google’s Project Tangi based AR-enabled devices, IoT-AI powered products, and VR technologies including Vive. HTC’s CEO Cher Wang also announced said that they are working on their next flagship.
“We’re focused on building our core capabilities while creating a portfolio of products that offers people a unique yet delightful experience only made possible by bringing together the best of Google software—like the Google Assistant—with thoughtfully designed hardware. HTC has been a longtime partner and has created some of the most beautiful, high-end devices on the market. We can’t wait to welcome members of the HTC team to join us on this journey,” according to Senior VP of Hardware at Google Rick Osterlog.
The transaction is still waiting to be approved by regulatory officials, and is expected to complete in early 2018.