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Google and HTC announced a new partnership back in September which gave Google access to not only members of the HTC hardware team, but also some of HTC’s intellectual property. This deal, worth $1.1 billion and including around 2,000 employees, allows Google to continue to develop Pixel-specific hardware as Google moves into the world of manufacturing. e
Fast forward to this past weekend, and the deal has finally been approved by the Taiwanese Investment Commission, which is similar to the US’ anti-trust regulators. This is just the latest step in approval for the deal to officially go through, making it possible for Google to give HTC the investment it needs to hopefully bounce back in 2018.
In fact, after the deal was approved by the TIC, stocks for HTC began rising up to around NT$73.00 per share, an increase of almost 6%. However, there’s still some work that is needed to take place before the HTC and Google deal is officially done.
Once the deal is finished, the $1.1 billion cash infusion should help HTC’s efforts to return to its old days of glory as it continues to fight against the likes of Samsung, Apple, and LG. With Huawei planning to make an announcement regarding carrier partnerships in the US at CES 2018, the uphill battle is about to get even more difficult for HTC.
Nonetheless, it will be interesting to see what happens in 2018 as HTC looks to rebound. If the company releases a proper 2018 flagship similar to that of the HTC U11 Plus, then we may have something to look forward to. Let us know what you think about the deal between HTC and Google and if you think it’s good for the market as a whole.
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