Taiwan's HTC to sell part of XR unit to Google for $250 mln

5 hours ago 1

Taiwan's HTC said connected Thursday it volition merchantability portion of its portion for extended world (XR) headsets and glasses to Google for $250 cardinal and transportation immoderate of its employees to the U.S. company.

The transaction is expected to adjacent successful the archetypal 4th of this year, HTC said.

The 2 companies volition besides research further collaboration opportunities, HTC added.

Google said successful a abstracted connection that the woody volition accelerate the improvement of the Android XR level and fortify the ecosystem for headsets and glasses.

Lu Chia-te, HTC vice president and wide counsel, told reporters the institution had granted its intelligence spot rights to Google arsenic a non-exclusive license.

"Therefore, this is not a buyout nor an exclusive licence. In the future, HTC volition inactive clasp the quality to use, utilise, and adjacent further make it without immoderate restrictions," helium said.

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