The ailing Taiwanese firm will sell part of its handset unit to Google for $1 billion.
The deal between Google and HTC will see the latter company retain its branding, but Google will take over some of its hardware engineering resources, which should help it own even more of its device-making process.
Google has made a strategic investment in HTC, and is hiring its best phone engineers.
Properly. It's just signed an agreement with HTC to poach some top smartphone development employees from the Taiwanese phone-maker, as well as to license some of its intellectual property. "These future fellow Googlers are incredible 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", Rick Osterloh, Google's hardware boss, wrote in a blog post.
Dumoulin Wins Time Trial at 2017 UCI Road World Championships
Annemiek van Vlueten and Anna van der Breggen gave the Netherlands a 1-2 finish in the women's race Tuesday. It started to rain for Dumoulin's ride, but that hardly slowed him down.
Sources had reported that the reason share trading was halted on September 21 was because of a major pending announcement, and a VentureBeat report included an internal invitation for HTC staff to an all-hands meeting at which the news would be announced.
Google got more serious about taking charge of hardware development previous year with the debut of its Pixel and Pixel XL smartphones, Google Home, and Google Wifi. The deal would be for HTC's mobile-phone original design operations, the report added.
Google completed its acquisition of Motorola Mobility in 2012. "Creating attractive products that people rely on every single day is a journey, and we are investing for the long run". "Our unmatched smartphone value chain, including our IP portfolio, and world-class talent and system integration capabilities, have supported Google in bolstering the Android market", said Cher Wang, Chairwoman and CEO of HTC.