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Home > News > Industry News > Google throws billion dollar l.....

Google throws billion dollar lifeline to HTC.

  • Author:Ella Cai
  • Release on:2017-09-21
Google is paying HTC $1.1 billion for its IP and and for the transfer of HTC employees working on the Google Pixel phone.

About half HTC’s R&D staff – about 2000 people – will move across to Google.

HTC will continue to make its own phones and the Vive VR system.

HTC has been struggling since losing market share to mainland China phone makers, dropping to fifth place in its own domestic Taiwan market.