Google Signed An Agreement Worth 1.1 Billion With HTC To Make Their Hardware Even Better

Last Updated : September 21, 2017No Comments Filed Under : News
Google Signed An Agreement Worth 1.1 Billion With HTC To Make Their Hardware Even Better
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If you have have been hearing rumors about Google buying HTC completely, then you’re not the only one. But, looks like that’s not exactly the real scenario. Google & HTC both have finally broken the silence about an agreement worth 1.1 Billion US Dollars that they signed just a while ago.

Google Signed An Agreement Worth 1.1 Billion With HTC

In their blog post Google mentioned,

“…..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”

What it means is that Google hasn’t bought HTC but, they have occupied a number of HTC staff who will now work to make Google’s hardware department even better. These employees have worked in the development of Google Pixel Smartphones as well. So, Google expects that they can innovate even better as one team. So, basically a bunch of HTC employees will work specifically for Google’s Hardware department.

Also, Google now has a non-exclusive license to HTC’s intellectual property. So, this probably includes HTC Patents, Copyrights & stuff like that. But, it’s a non-exclusive license so, Google won’t the only one who have access to all that stuff. And as some of you have probably figured out by now, that $1.1 Billion was paid by Google to HTC. That’s exactly why this whole “Google Buying HTC” rumor spread out.

Anyway, as you guys already know that Google will be launching their second generation of Pixel Smartphones on October 4th & the regular Pixel 2 will be made by HTC themselves. So, Google is definitely looking forward to their upgraded partnership with HTC & we are also expecting great innovation in the Hardware segment of Google in near future.

 

RESOURCES:

Google’s Blog Post

HTC’s Press Release

 

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