HTC will soon complete its acquisition of S3 Graphics, a purchase it confirmed will boost its patent portfolio and help defend the company from future lawsuits, Focus Taiwan reported on Tuesday. Grace Lei, HTC’s general counsel, said the company valued S3’s patents because in 2011 the U.S. International Trade Commission had found that Apple was …
Leading smartphone vendor HTC on Wednesday trimmed its fourth-quarter revenue forecast by roughly 23% as stiff competition from Samsung and Apple has seeming slowed sales. The Taiwan-based company became the No.1 smartphone vendor in the U.S. by shipment volume last quarter, but a six-month string of record revenue came to an end in October following …
The United States International Trade Commission has dismissed a lawsuit in which S3 Graphics, which HTC plans to acquire for $300 million, accused Apple of infringing on its patents. Originally, Apple was found guilty of infringing on technology owned by S3 Graphics because it used the “DXT” image format on several of its its computers. “On …
HTC will appeal the U.S. International Trade Commission’s ruling that it is infringing on two of Apple’s patents. “Now the course of action is to appeal, we believe we have a very strong case, the attorney agrees with us, and therefore we will appeal,” HTC’s chief financial officer Winston Yung told The Wall Street Journal …
On Wednesday, VIA Technologies and WTI announced that the two have reached an agreement to sell holdings in S3 Graphics to HTC for $300 million. S3 Graphics builds hardware graphics solutions for a number of consumer devices including game consoles, PCs, and mobile devices. VIA will receive $147 million from the deal while WTI will …
