The HTC Apple fight has just been cranked up a notch after HTC agreed to purchase S3 Graphics, the aquisition gives HTC access to patents as it defends against infringement lawsuits from Apple.
The HTC Apple fight has just been cranked up a notch after HTC agreed to purchase S3 Graphics, the aquisition gives HTC access to patents as it defends against infringement lawsuits from Apple.
HTC wil pay the image compression technology Company $300 million in cash. The S3 technology is currently used in the Nintendo Wii and Sony’s PlayStation consoles.
Observers claim that owning S3 Graphics may boost HTC in its legal battle against Apple, which last year suedHTC for patent infringements. S3 Graphics last week won a ruling against the maker of iPhones and iPads regarding two patents for compression technology.
“Buying a patent portfolio will be very useful to us,” Yung said, declining to comment on specific lawsuits.
S3 Graphics was unprofitable last year and has a book value of about negative $9 million, he said today. HTC will acquire 235 patents, mostly related to graphics technology, as part of the transaction.
