Google Completes $1.1B Buy Of HTC Smartphone Unit
- Author: Douglas Reid Feb 01, 2018,
Feb 01, 2018, 0:27
Google's.1 billion to acquire HTC's hardware talent has finally been completed. They will all remain in Taiwan; Osterloh notes that Taipei is becoming Google's biggest engineering hub in the Asia-Pacific region. The Pixel, Pixel XL, and Pixel 2 smartphones are manufactured by HTC for Google. WIth HTC burning through about $75 million each quarter, Google's money gives it over three years of money to burn at the current rate. However, Google revealed that it has previously worked closely with HTC in the development of both the Pixel and Pixel 2, prior to the acquisition of the team.
After the HTC deal, Google plans to expand research and marketing, cut deals with more phone carriers and retailers, and move into new markets. Google is known to rely on more than one OEM for its Pixel phones.
While the deal was initially announced in September 2017, the completion of Google's acquisition of a slice of HTC, prompted a short, official post from Google's senior vice president of hardware, Rick Osterloh.
And Google needs all the expertise it can get as well.
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Google has officially closed a $1.1bn deal with HTC that will see some 2,000 engineers from HTC in Taiwan join the Alphabet company's ranks. While Apple iPhone processors come from TSMC and others, most of the Google's Android devices come powered by Qualcomm. The company will create radically helpful experiences for people around the world with the new teammates, by combining Googles AI, software and hardware.
Google has had a long history of making business with HTC, dating as far back as 2010 when the two companies partnered for the first Nexus smartphone, with the Taiwanese OEM as the manufacturer.
The company was earlier reported to have incorporated a custom chip called the Pixel Visual Core, but its functionality is less advanced compared to what the brain of the smartphone or SoC will be capable of doing.