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HTC initially had interest in purchasing S3 Graphics after it was revealed that patents owned by the company could strengthen the Taiwanese smartphone maker’s legal case against Apple. In fact, the acquisition was reported as all but complete last summer. Then in November a judge ruled that Apple was not in violation of S3’s intellectual property, causing HTC to rethink a mostly patent-driven plan to purchase the graphics company. After more consideration, HTC will go forward with the initial buyout.
HTC’s general counsel Grace Lei affirmed the decision, saying, “we think S3′s patent portfolio is valid and strong, and we have decided to complete the purchase after cautious assessment.” The initial purchase price as of last July was $300 million, and the acquisition will add 270 patents to HTC’s portfolio. It also gives HTC the resources to develop their own graphics chips, though it is unclear if this remains in the company’s plans.
[via DroidDog]
Great news, although I would really like to see htc make an exynos competitor.
I am back and forth on this tbh They have had such good luck with the s4, they would have to really bust ace to get a legit competitor up and running when they have no history of making processors (as far as I know they don’t)
This is just awesome… I really like seeing companies like this not only playing ball with apple but beating them at it.
Also if HTC can get into making a graphics chip I wouldn’t be to upset lol