Google completes $1.1 billion acquisition of HTC hardware team members

Google Planning to Design More Chips to Reach the Same Calibre as Apple, Claims Latest Report

Google now owns the HTC design team and has welcomed their new employees in what many assume will be the beginning of completely Google-designed Pixel phones. They all will stay in Taiwan as Taipei is going to be the company's largest engineering hub in the Asia-Pacific region.

It means that Google now owns a major chunk of HTC, and soon all the HTC employees under the deal will be joining Google. While some of its smartphone talent is heading over to Google, HTC has been positive about the acquisition deal since its inception a year ago.

Google's idea of designing its in-house chips indicates that it will manufacture just the high-end devices in order to follow Apple's footprints in this tech industry.

"These future fellow Googlers are wonderful 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", Osterloh said, referring to the HTC employees who are joining Google.

For HTC, the deal is a big cash infusion at a time when the company is struggling financially.

Google closed its $1.1 billion deal with HTC to bring about 2,000 engineers into the fold.

A year ago in something of a surprising move, Google announced that they will be acquiring HTC's smartphone development team for a cool $1.1 billion.

Google is in a race with Apple and to win that race, it needs to do things a little more differently. That gives Google roughly 2,000 of the same engineers that helped make three of the last four Pixels; LG made the larger Pixel 2 XL and HTC's version of the Pixel 2 XL later became the HTC U11 Plus. These products will likely be unveiled on October 4, but Google could have even more planned.

HTC will continue to build its VR ecosystem to drive its VR business, while committing more investments to other innovative technologies, including IoT, AR and AI, the company said. The new team will reportedly commence work on the Pixel 3.

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