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The search giant can use the Taiwanese firm’s IP, but will not take a stake in the company
Thursday, September 21, 2017 – 12:12pm
Google has announced it has struck a deal with HTC to take control of part of the Taiwanese tech giant’s smartphone operation.
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According to BBC News, the tie-up is has been settled for $1.1bn (£822m) and will see 2,000 employees from HTC’s smartphone division move to Silicone Valley.
However, the website says: “Google will not take a stake in the firm,” but will instead “receive a non-exclusive license for HTC’s intellectual property.”
The search giant said the HTC engineers heading to Silicone Valley 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”.
Cher Wang, HTC’s chief executive, said: “This agreement is a brilliant next step in our long-standing partnership, enabling Google …read more
Source:: The Week – All news