Latest patent hoarding attempt costs firm $300 million
This latest attempt by a large tech firm to gather as many panents as possible sees smartphone manufacturer HTC buying Graphic chip maker S3 Graphics for the tidy sum of $300 million
This purchase nets HTC around 250 patents in the process. The deal, as reported in Phandroid
, will see ownership of the patents change hands but will give license to S3 patents to Via. A rather smart move as on the long run this will prevent possible future lawsuits.