A deal reached between HTC and Google have been officially announced. The deal details that Google will pay HTC $1.1 billion in cash in exchange for some of its employees and as well as GoogleÂ having access to HTC intellectual property.
Therefore, what does this agreement mean for the HTC future and the Pixel line-up?
Certain HTC employees, mostly those that are currently working with Google in the development of Pixel phones, will join Google. Furthermore, Google will get a non-exclusive license for HTC intellectual property. This means that Google has access to manufacturing patents and designs owned by HTC for its future Pixel devices.
HTC has been a longtime partner of Google and has created some of the most beautiful, premium devices on the market. We’re excited and can’t wait to welcome members of the HTC team who will be joining Google to fuel further innovation and future product development in consumer hardware. â€“ Rick Osterlog, Senior VP of Hardware at GoogleÂ The transaction will help HTC to excel with its upcoming flagship smartphone (which is already being worked on), and HTC will continue to expand its VIVE VR platform as well as invest in IoT, AR, and AI.
Consequentially, this confirms the Alphabets owned company’s commitment to the future of the Pixel phones, and the agreement will aid in strengthening and streamlining the Google Pixel portfolio. The deal also presents Google to a new technology hub in HTC’s home country of Taiwan.
The business deal still awaits to be approved by regulatory officials as per usual, and is expected to complete in early 2018.
This is a massive movement by Google in solidifying its foundation of setting up its own hardware and a strong move for HTC into 2018.