Google COMPLETES $1.1 Billion HTC Acquisition

HTC-Google deal

The HTC deal is also bad news for manufacturers of phones based on Google's Android operating system. The Taiwan region will become Google's largest engineering site in the Asia Pacific region, with engineers from HTC who worked on the Pixel and Pixel 2 phones now starting to work on the Pixel 3.

Since last year's Google Pixel smartphones were praised on numerous counts both by critics and fans, despite being just fair looking models, fans are hyped for a sequel.

In a blog post, Senior VP for Hardware Rick Osterloh announced that the company has closed its deal with HTC, and welcomed about 2,000 engineers into Google. Will this allow Google to start designing more of its custom hardware for future mobile phones and convertibles?

With Google officially having closed the $1.1 billion deal with HTC, it is time to move on to the next phase.

Lockheed Martin Corporation (NYSE:LMT) Gaining Traction, Up 3.89% For The Week
Lockheed Martin Corporation (NYSE: LMT ) closed up +10.18 points or 3.04% at $344.9 with 2.05 mln shares exchanging hands. RBC Capital Markets maintained Lockheed Martin Corporation (NYSE: LMT ) on Wednesday, November 15 with "Hold" rating.

Ingvar Kamprad, founder of furniture giant IKEA, dies at 91
It was the start of what became IKEA , now with 403 stores across the globe, 190,000 employees and $47 billion in annual sales. The name Ikea is derived from Ingvar Kamprad , Elmtaryd (the farm where he grew up), and Agunnaryd (his hometown in Småland).

Special prosecutor to investigate 'every corner' of Michigan State University
Olympic Committee and said its entire board of directors will resign within the week over its handling of the scandal. He also stated that he will continue to cooperate with the NCAA as its investigation continues.

Nevertheless, developing its own SoCs will require significant investment, and will require the resulting devices to be markedly more popular than the company's recent Pixel and Pixel 2 devices. "Today marks the beginning of an exciting new chapter at HTC as we continue to drive innovation in our branded smartphone and VIVE virtual reality businesses", Cher Wang, chairwoman at HTC said in the statement.

And Google needs all the expertise it can get as well. The company will create “radically helpful experiences for people around the world” with the new teammates, by combining Googles AI, software and hardware.

The company is still a minor player in terms of smartphones shipments, but the Pixel phones are aimed directly at high-end market players like Samsung and Apple.

The deal, first announced in September past year, isn't the full takeover that many had been expecting, and instead see HTC become Google's main provider of hardware, with some HTC personnel moving to join the tech giant.



Latest news

EasyJet CEO Takes Wage Cut To Promote Equal Pay
EasyJet has pledged to address the gap in its own ranks by recruiting more female pilots - up to 20 percent by 2020. Three years ago easyJet launched its Amy Johnson Initiative to encourage more women to enter the pilot profession.

At least 3 killed in helicopter crash into California home
The crash site is roughly a mile away from the John Wayne Airport in Orange County, according to CBS News. The crash was reported around 1:45 the area of Egret Court, about a block from the beach.

Ireland to hold abortion referendum at the end of May
Online, people have rallied around #repealthe8th , a reference to the Article that could be repealed. Varadkar's decision received support from National Women's Council of Ireland .

E-cigarettes could raise risk of cancer and heart disease, warn scientists
The researchers exposed the animals to e-cigarette vapors that contain both nicotine and a liquid solvent. There was also conclusive evidence that e-cigarettes can explode and cause burns and projectile injuries.

Blockbuster! Chiefs reportedly agree to trade QB Smith to Redskins
Reports surfaced on Tuesday that the Washington Redskins have traded for QB Alex Smith of the Kansas City Chiefs . At 33 years old, Smith has shown no signs of decline, but he's on a contract that expires after next season.

Huge emotional support peacock not allowed on flight
A United Airlines spokesperson, however, claimed that the woman had been warned that her peacock would not be allowed on board. Beginning March 1, the airline will require passengers with service animals to submit paperwork two full days before flying.

Netanyahu heads to Moscow to warn about Iran in Lebanon
Netanyahu, who had arrived in Moscow earlier Monday, had three separate meetings, spending several hours with the Russian president.

Melania Trump 'Furious' Over Husband's Alleged Affair With Adult Star
The recent revelations about Stormy Daniels led to speculation about First Lady Melania Trump's reaction. Over the weekend, Grisham again addressed the various rumors on Twitter .

U.S. to Increase Pressure on African Nations Trading with North Korea
The North late Monday had scrapped a joint cultural event in the North, citing unspecified negative media reports in the South. North Korea will be wiped off the world map should it use nuclear weapons on South Korea or the United States.

Facebook introduces increased privacy settings ahead of strict European Union law
And national regulators will be able to issue fines if companies collect personal data without consent or misuse personal data. All privacy settings will be in one place, said Facebook, which also published a set of privacy "principles".

Government has contained inflation: President
The President also said India has been the first responder in natural disasters and humanitarian crisis in the sub-continent. He also underlined ambitious government target of connecting each village in India to motorable roads by 2019.

Man charged over triple loss of life crash
He and his friend, Amamdeep Matharoo, 27, pulled over and Mr Webb said: "I said "can you stop that, we're going to call 999". The 28-year-old was detained by members of the public before the police arrived, according to witnesses.

Street Fighter's Ryu And Sakura Will Be Joining Monster Hunter
Monster Hunter: World is the latest entry in the series and is the first new Monster Hunter title for home consoles in nine years. Capcom has issued a press release announcing that Monster Hunter World has shipped five million units as of January 28, 2018.

Andrew McCabe resigns as Federal Bureau of Investigation deputy director
It also comes as reports surfaced that Attorney General Jeff Sessions had pressured Wray to rework his senior leadership team. McCabe's wife, Jill, did not get $700,000 in donations from Clinton for a Virginia state Senate race in 2015.

Croatia agrees to buy Israeli F-16s for $500 million
The meeting is likely to deal with Iran and its involvement in Syria, reported the Jerusalem Post. Trudeau later tweeted his appreciation for the meeting with the Israeli leader.

Other news