HTC makes 75 million dollar investmentBy Johan Keyter 5 April 2011 | Categories: news
HTC has been enjoying a veritable shopping spree as of late, with the company announcing that it acquired more than 80 wireless technology patents from around the world.
Announcing the acquisitions on the HTC website, the company's $75 million investment should help it to gain an edge over other manufacturers when it comes to next generation 4G networks. In total, the company agreed to purchase 82 issued patents and 14 patent applications from ADC Telecommunications.
The company stated that the purpose behind the acquisition is, “to develop the wireless telecommunication technology in HTC”.
Principal analyst at Canalys, Pete Cunningham spoke to V3.co.uk about the deal saying, “You can see the importance of a strong patent portfolio from the constant suing and counter-suing by a number of companies in this space.”
“HTC is working hard to grow its business by expanding production and R&D capacity, and this is another example.”
It remains to be seen how fruitful HTC's investments will prove to be, and whether the patents it scooped up holds some of tomorrow's most promising technology.
In addition to making multi-million dollar investments, the Taiwanese company is also planning to launch its first tablet later this month in the form of the HTC Flyer.
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