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Posted on:    30 Jan, 2018       Views:  856

Google has completed the acquisition of HTC's smartphone business, which is worth over $ 1 billion

Google world famous company  in world level and hardware executive Rick Osterloh (L) shakes hand with HTC CEO Cher Wang during a news conference to announce Google to acquire HTC's  smartphone division, in Taipei, Taiwan. Google has announced it and Google completed the acquisition process of Taiwanese device maker HTC; or at least its smartphone division in whole world. The deal, valued at $1.1 billion (£785 million) and Google deal are very popular, will see some 2,000 HTC engineers join the ranks of the search giant. Google will also receive a non-exclusive license of the Taiwanese firm's intellectual properties (IPs) in HTC.


As Google1st announced last September in last year, HTC will keep operating independently with regard to its virtual reality (VR) operations inside the standalone Vive VR division, and will also bring to market a no. of HTC-branded smartphones too.

 

Google has completed the acquisition of HTC's smartphone business, which is worth over $ 1 billion

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In addition google company to a team that has already worked on the two Pixel smartphones (which were outsourced to HTC), Google is also gaining a big facility in Taipei, Taiwan, which marks its biggest new headquarters in South-East Asia n world level and establishes a noteworthy presence in the area.

"I'm delighted that we've officially closed our deal with HTC, and are welcoming an incredibly talented team to work on even better and more innovative products in the years to come,"  wrote in the blog post by Rick Osterloh, Google's senior VP of hardware.

 

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"These new colleagues bring decades of experience achieving a series of 'firsts' particularly in the smartphone industry  in world level- including bringing to market the 1st 3G smartphone in 2005, the first touch-centric phone in 2007 in phone industry, and the first all-metal unibody phone in 2013."

 

Google has completed the acquisition of HTC's smartphone business, which is worth over $ 1 billion

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