Yahoo – AFP,
21 September 2017
|
Taiwan's struggling smartphone maker HTC is selling part of its smartphone business to US technology giant Google |
Taiwan's
struggling smartphone maker HTC said Thursday it was selling part of its
smartphone business to US technology giant Google for $1.1 billion.
The deal
includes intellectual property licensing and half of its research staff, or
around 2,000 people, and is expected to be completed in early 2018 pending
regulatory approval, HTC said.
"For
Google, the deal will further strengthen its investment in and committment to
smartphones and its hardware business... it shows that Google sees Taiwan as a
key hub for innovative technology," HTC spokesman Peter Shen told a press
conference in Taipei.
He declined
to give further details about the deal but stressed that HTC would continue to
develop and sell smartphones under its own brand.
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