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HTC Buys S3 Graphics for US$300 Million

By Ng Chong Seng - on 7 Jul 2011, 10:47am

HTC Buys S3 Graphics for US$300 Million

According to a TechCrunch report, Smartphone maker HTC is buying S3 Graphics from VIA Technologies for US$300 million. VIA will get US$147 million, while WTI Investment International (an investor of VIA) will receive the other US$153 million.

Interestingly, HTC's co-founder Cher Wang is also the chairman of VIA Technologies and a major shareholder in WTI.

The deal will give HTC a number of patents and technology related to graphics. Just recently, S3 Graphics won a patent lawsuit against Apple; the court has ruled that Apple had violated two of S3 Graphics' patents related to "systems and methods for compressing images" and "image data formats".

Source: TechCrunch