In September, the tech giant Google announced that it would acquire part of HTC’s smartphone division. However, at that time the deal, valued at $ 1.1 billion and now after lots of rumours and speculations, the tech giant Google finally completed the $1.1 billion HTC deal.
Finally, Google Completes Its $1.1 Billion HTC Deal
It was at the beginning of September when the first rumours 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.
In September, as we told that the tech giant Google announced that it would acquire part of HTC’s smartphone division. However, at that time the deal, valued at $ 1.1 billion, is already finalized.
That means 2,000 employees, mainly in Taiwan, now work for the tech giant Google. With this, the company will have greater control over the design and manufacture of smartphones and will simply work more closely with suppliers.
Hardware boss Rick Osterloh tells Bloomberg that the tech giant Google is preparing “custom chips” for its products. The tech giant Google’s first mobile chip was an image processor for the Pixel 2 line.
As smartphones adopt features such as augmented reality and artificial intelligence, greater integration between hardware and software is required. “You need to be upright in some cases if you want to deliver innovation to consumers,” says the Hardware boss Osterloh.
Currently, the tech giant Google sells its hardware products in nine countries. After the acquisition, it plans to expand to more markets, especially in Asia. The company will open an artificial intelligence laboratory in Beijing, and also a base in Shenzhen; in addition, it has closed a patent licensing agreement with China’s Tencent.
What about the Taiwanese smartphone manufacturer HTC? It says in a statement that it will launch a flagship smartphone, and will continue its efforts in this segment – in addition to virtual reality with the Vive brand. It is worth remembering that the company still has 8 thousand employees.
So, what do you think about this deal and the acquisition of the tech giant Google? Simply share all your views and thoughts in the comment section below.