The company from Silicon Valley has confirmed the deal and its expansion on the hardware business.
The Taiwanese company was the first Android manufacturer, once a major player in the smartphone market but has been struggling to make revenues quarter after quarter the last couple of year. Now, they will be receiving an infusion of $1.1 billion from Google.
With this agreement, HTC will continue with its own smartphone business but will send key talent responsible for the new Pixel phone to join Google as part of its hardware organization. The deal also includes a non-exclusive license for HTC intellectual property and it’s expected to be completed early next year.
This is the biggest development regarding the hardware division at Google since the acquisition of Motorola. The company makes clear its ambitions to create the best experience by controlling both aspects of the smartphone development. They want to “offer people a unique yet delightful experience only made possible by bringing together the best of Google software—like the Google Assistant—with thoughtfully designed hardware.”
We will see some perks of this long run investment on October 4th when Google is set to unveil its second generation of products.
Featured-image: Android Authority
Source: Google
