News Articles

Wednesday, July 6, 2011

HTC to acquire S3 Graphics from VIA Technologies

Processor company VIA Technologies has agreed to sell its share in S3 Graphics to HTC Corporation. HTC is paying $300 million for the deal; VIA will receive $147 million and WTI Investment International will receive $153 million.

S3 Graphics provides graphics technologies that are used in PCs, game consoles and mobile devices. VIA acquired S3 Graphics in 2001 and later introduced WTI as a new investor.

Tzu-mu Lin, Senior Vice President and Board Director of VIA, said “The transaction would allow VIA to monetize a portion of its rich IP portfolio, yet retain its graphics capabilities to support the development and sale of its processors and chipsets. We wish to thank WTI for its capital contribution to support S3 Graphics since 2005.”

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: Handsets and manufacturers, NewsNumber of views: 2421

Tags: htc

Leave a comment

This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data.
Add comment

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«February 2024»
MonTueWedThuFriSatSun
2930311234
567891011
12131415161718
19202122232425
26272829123
45678910

Archive

Terms Of Use | Privacy Statement