Google has been focusing on the hardware for quite some time and today’s deal with HTC is a testament to that. They’ve entered into an agreement with HTC wherein certain employees from the Taiwanese company will join Google, including many who are already working with Google to develop Pixel smartphones. Google will pay $1.1 billion for the transaction. Additionally, Google will also receive a non-exclusive license for HTC’s Intellectual Property (IP).
This however, does not mean that HTC will stop selling their own branded phones. HTC has confirmed that they will continue to develop new devices and have even confirmed to be working on U11’s successor. HTC will also continue to work on its Vive VR business.