HTC sells smartphone team to Google for US$1.1 billion
The China Post Thursday, September 21, 2017, 2:00 pm TWN
TAIPEI - Taiwan-based tech company HTC announced Thursday that it has sold part of its mobile division team and related patents to Google for US$1.1 billion.
In what amounts to an acquihire for the U.S. tech giant, the deal will put around 2,000 HTC R&D employers on Google's payroll.
"With this agreement, a team of HTC talent will join Google as part of the hardware organization," Google's hardware chief Rick Osterloh said in a blog post. "These future fellow Googlers are amazing folks we've already been working with closely on the Pixel smartphone line, and we're excited to see what we can do together as one team. The deal also includes a non-exclusive license for HTC intellectual property."
HTC Chairwoman Cher Wang said that she has started making transition plans more than two years ago when she met with Google CEO in talks of building the Pixel smartphone. She said that the company will be hiring a lot in the future as it gears up to develop Google's next flagship smartphone.
Chang Chia-Lin, HTC's smartphone and IoT (internet of things) chief, said that the company still employs 2,000 R&D staffers after the US$1.1-billion deal, which he said is mostly in cash, and will continue to develop new smartphones.