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HTC Source | July 22, 2014

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HTC has decided to purchase S3 despite initial setback

HTC has decided to purchase S3 despite initial setback

Last year we reported that HTC was going to purchase S3 to boost its’ patent portfolio.  However, in November of 2011, HTC changed course and decided that it would hold off on it’s decision to acquire the S3 patents.  Grace Lei, general counsel for HTC, recent stated: “We think S3′s patent portfolio is valid and strong, and we have decided to complete the purchase after cautious assessment.”

The cost of this acquisition is listed as $300 million, but the investment is minor compared to the value gained by removing the need to outsource the graphics chips for future devices.

Source: Droid Dog

 

About Steve Raycraft

I am new to the blogging arena, but felt it was something that I could do to share with others my passion for Technology and Android in general. I currently live in Tennessee with my wife. I look forward to working with the guys here at HTCsource and would love feedback on my posts.