Taiwan’s iconic smartphone maker is selling 2,000 of its best and brightest engineers to Alphabet Inc.’s Google for $1.1 billion. It’s netting about $500,000 per member of the “Powered by HTC” team in a deal that also includes the non-exclusive licensing of HTC intellectual property. But there’s a manufacturing staff to maintain, and HTC needs to look for savings wherever it can. “Powered by HTC” is the division primarily tasked with building products for non-HTC brand devices, such as the Google Pixel. Sadly for HTC, its investors and its loyal fans, she failed to undertake the deeper re-engineering the company really needs.

Source: Mint September 21, 2017 07:07 UTC