Google Signs a $1.1B Deal With HTC

Google Signs a $1.1B Deal With HTC

Google has announced the signing of a deal with HTC this Tuesday, stating that they remain committed to building and investing in the hardware business. Google`s Senior Vice President, Hardware, Rick Osterloh writes in a statement that the company is delighted to welcome the HTC engineering team.

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Google has announced the signing of a deal with HTC this Tuesday, stating that they remain committed to building and investing in the hardware business. Google`s Senior Vice President, Hardware, Rick Osterloh writes in a statement that the company is delighted to welcome the HTC engineering team.
According to the collaborative agreement, HTC will transfer over 2,000 engineers and give Google a license for their intellectual property, as Tech Crunch explains in an article. HTC also told the media it will keep its Vive VR division and will continue to make its own smartphones.

“These new colleagues bring decades of experience achieving a series of “firsts” particularly in the smartphone industry—including bringing to market the first 3G smartphone in 2005, the first touch-centric phone in 2007, and the first all-metal unibody phone in 2013.”, Osterloh states, adding that the two companies have been working closely on the development of the Pixel and Pixel 2.
Obviously, the deal will help Google`s hardware efforts. But it will also expand the company`s reach in the Asia Pacific region.
Taiwan is a key innovation and engineering hub for Google, and Taipei will now become the largest Google engineering site in APAC.”, as Osterloh explains.
This is not the first time Google invests in its Asia expansion. The company recently announced its plans to open an AI lab in Bejing. A few weeks ago the company said it is opening a location in another Chinese city Shenzhen, according to Tech Crunch.
And this is not all. The media wrote that Google is also foreseeing collaboration with the Chinese enterprise Tencent. Specifically, the two companies reportedly have reached a patent cross-licensing agreement.
Google`s expansion efforts are clearly giving some results. It is to be seen what will be their next big deal in the region.

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