Monday, April 20, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google To Serve Ads Through HTTPS
IBM Revenue Falls In Q1
Twitter Allows Everyone To Send You A Direct Message
Samsung Galaxy Tab A Coming In The U.S.
Android Wear Updated
Sony Unveils New Home Audio Products
TSMC Start 10nm Manufacturing in mid-2016
Sony Xperia Z4 Smartphone Unveiled In Japan
Active Discussions
Help make DVDInfoPro better with dvdinfomantis!!!
Question about nero
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
cdrw trouble
Need serious help!!!!
burning
 Home > News > Mobiles > HTC Buy...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, July 06, 2011
HTC Buys S3 Graphics


VIA Technologies, today announced the signing of definitive agreement to sell all of its shareholding in S3 Graphics Co., Ltd. to HTC Corporation.

S3 Graphics is a provider of graphics visualization technologies used in PCs, game consoles and, more recently, mobile devices.

The acquisition will cost HTC US$300 million and will strengthen the company's patent portfolio, as HTC will obtain 235 patents and pending applications, including a number covering graphics visualization technologies.

VIA acquired S3 Graphics in 2001 with the intention to accelerate integration of graphics capabilities with its processor and chipset products. S3 Graphics became undercapitalized in 2005, and VIA introduced WTI Investment International, Ltd. as a new investor to help fund the operations and R&D initiatives. WTI is a private investment company, in which Cher Wang, Chairman of VIA, is a significant shareholder.

Under terms of the agreement with HTC, total consideration for all outstanding shares of S3 Graphics will be US$300 million. Of which, VIA will receive US$147 million; and WTI will receive US$153 million. VIA will recognize a capital gain of US$ $37 million and paid-in-capital of US$ 115 million in this transaction.

"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," said Tzu-mu Lin, Senior Vice President and Board Director of VIA. "We wish to thank WTI for its capital contribution to support S3 Graphics since 2005."

The proposed transaction has received approvals from the boards of directors of VIA, WTI, and HTC. The transaction is expected to close before end of 2011.


Previous
Next
EC Proposes Lower Prices For Mobile Phone Users Abroad        All News        Android and Apple Gain Smartphone Share
Games Most Popular Mobile App Category in US     Mobiles News      Android and Apple Gain Smartphone Share

Get RSS feed Easy Print E-Mail this Message

Related News
HTC Releases One M9+ In China
HTC One M8s Released
New HTC One M9 Goes On Sale Today
HTC Founder Wang Becomes New CEO
HTC Will Replace Your Broken HTC One
HTC One E9 Specs Leak Online
HTC Unveils The HTC One M9m, The HTC Grip, VR Headset
New HTC Flagship Phone Coming Next Month
HTC To Announce Next Flagship Smartphone in February Event
HTC Desire 826 Debuts At CES
HTC to Release Smart Wristband Next Year
HTC To Release New RE Action Camera Next Year

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .