HTC announced the signing of the agreement with Google today (September 21). According to the agreement, HTC members who participated in the creation of Google Pixel phones joined Google, and HTC also granted its patents to Google. The price of this transaction was 1.1 billion U.S. dollars.
HTC and Google have established a decade-long strategic partnership in smart phones, laying the foundation for this agreement. This agreement will enable HTC to focus on its own brand of smart phone business, and continue to implement streamlined product portfolio strategy, improve operational efficiency and financial flexibility. HTC will still have excellent R&D talents to develop its own branded smart phones. In the first half of this year, HTC U11, the flagship product, has been successfully launched and is currently actively preparing for the next generation of flagship mobile phones. At the same time, HTC will continue to build a virtual reality ecosystem, develop VIVE territory, and continue to invest in innovations in areas such as the Internet of Things, augmented reality, and artificial intelligence.
For Google, this agreement further strengthens the investment and commitment of smartphones and hardware products. In addition to recruiting talented and experienced professional team talents, Google will also obtain HTC patent authorization to support the research and development of smart phone series products.
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