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Google buys chunk of Taiwan device-maker HTC for $1.1bn

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(21 Sep 2017) Google has bought a large chunk of the device manufacturer HTC for 1.1 billion US dollars to expand its efforts to build phones, speakers and other gadgets equipped with its arsenal of digital services.The company is buying the HTC team that built the Pixel smartphone for Google in a cash deal, they said in a joint statement on Thursday. Google is also getting a non-exclusive licence for Taiwan-based HTC's intellectual property to help support Pixel phones.The deal underscores how serious Google is becoming about designing its own family of devices to compete against Apple and Amazon in a high-stakes battle to become the technological hub of people's lives.Over the past decade, Google had focused on giving away its Android operating system to an array of device makers, including Taiwan's HTC, to ensure people would keep using its ubiquitous search engine, email, maps, YouTube video service and other software on smartphones and other pieces of hardware.But that changed last year when Google stamped its brand on a smartphone and internet-connected speaker. HTC manufactured the Pixel phones that Google designed last year, paving the way for this deal to unfold.Although Android powers about four out of every five smartphones and other mobile devices in the world, the software can be altered in ways that result in Google's services being de-emphasised or left out completely from the pre-installed set of apps.HTC has been Google's partner since 2008 but its market share dramatically shrank in the last decade even with its top-notch phones as the company struggled to market and sell its devices.You can license this story through AP Archive: http://www.aparchive.com/metadata/you... Find out more about AP Archive: http://www.aparchive.com/HowWeWork

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AP Archive 4117163 786cc1cba97d5fb1e05b21a1fd768b49 Taiwan HTC Google Taipei Greater China East Asia Business Technology
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