Finally, Google Is Buying HTC's Smartphone Expertise For $1.1 Billion

23


Finally, Google Is Buying HTC’s Smartphone Expertise For $1.1 Billion

After a lot of rumors, here is the confirmation that the tech giant Google will become the Taiwanese smartphone manufacturer HTC’s major shareholder, with an investment of around $ 1.1 billion. Yes, finally the tech giant Google is buying HTC’s smartphone expertise.

Finally, Google Is Buying HTC’s Smartphone Expertise For $1.1 Billion

It was at the beginning of September that the first rumors of discussions between the tech giant Google and the Taiwanese smartphone manufacturer HTC began to emerge for a more serious investment by the tech giant Google in the manufacturer’s smartphone division.

After a lot of rumors, here’s the confirmation that the tech giant Google will become the Taiwanese smartphone manufacturer HTC’s major shareholder, with an investment of around $ 1.1 billion.

The tech giant Google confirmed this morning that it has signed an agreement with HTC, continuing its bet on hardware, namely in the Pixel segment. This deal will cost the company something like $ 1.1 billion, thus becoming the majority shareholder in HTC’s smartphone division.

According to the tech giant Google, this agreement also includes a non-exclusive license for HTC’s intellectual property. On top of all this, this agreement will still involve hiring new people for the areas of development and design.

Is it the end of HTC smartphones?

The Taiwanese smartphone manufacturer HTC, despite this investment by the tech giant Google, will not fail to develop its own hardware, continuing to bet on HTC smartphones (the next one is already being developed) and Vive virtual reality.

The deal between the two companies, thus becoming the second of its kind between the tech giant Google and a smartphone maker, after six years ago invested $12.5 billion in Motorola, which now belongs to Lenovo.

What about the new Pixel?

It will be on October 4 that the tech giant Google will present its new smartphones Pixel 2 and Pixel 2 XL, which will be made by the Taiwanese smartphone manufacturer HTC, it is something that we already knew.

So, what do you think about this? Simply share your views and thoughts in the comment section below.

AUTHOR

LEAVE A REPLY

Please enter your comment!
Please enter your name here