HTC buys chip firm S3 Graphics

By on July 8, 2011
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Latest patent hoarding attempt costs firm $300 million

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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.

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