Today Google announced that they will be making a further investment into HTC’s smartphone business this week.
For some time now, Google has been working with HTC to develop a number of smart devices such as the Pixel and various other devices and it seems as though they won’t be the only projects that the pair will be working on.
Today Google announced that they will be buying a part of HTC’s smartphone business in a deal that is worth $1.1 billion.
As part of the deal, around 2,000 staff from HTC will move to Google (the ones who have been working on these previous collaborations), however, HTC will continue to make their own smartphones after the deal has completed.
The deal also issues a non-exclusive license for HTC’s intellectual property for Google to use in their own projects.
Google explained more with the following:
That’s why we’ve signed an agreement with HTC, a leader in consumer electronics, that will fuel even more product innovation in the years ahead. With this agreement, a team of HTC talent will join Google as part of the hardware organization. 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.
In many ways, this agreement is a testament to the decade-long history of teamwork between HTC and Google. Together, we’ve achieved several mobile-industry firsts, including the first ever Android smartphone, the HTC Dream, also known as the T-Mobile G1 (I loved mine!); as well as the Nexus One in 2010, the Nexus 9 tablet in 2014, and the first Pixel smartphone just last year.