On September 21, Beijing time, HTC and Google jointly announced the signing of an in-depth cooperation agreement worth 1.1 billion dollars.

According to the content of the agreement, HTC has participated in Pixel mobile phone design team members and relevant employees will join Google, and part of HTC's non exclusive intellectual property rights will be granted to Google for use.

It is worth noting that, This time, HTC will not only receive $1.1 billion in cash, but also Google will set up Taiwan as an innovation and technology center and make considerable investment.

In fact, the relevant news came out as early as yesterday, After all, HTC was ready to suspend its own stock trading on September 20, and generally would only do so if it announced a major decision.

At present, HTC's share in the mobile phone market is only 0.68%, and its share in China's domestic mobile phone market is negligible. It only sees some signs of recovery on U11, but for a large mobile phone manufacturer, the praise of a product is weak. This is the biggest reason why HTC should sign a cooperation agreement worth 1.1 billion dollars with Google.