htc/s3

HTC fends off Apple with S3 acquisition

S3 Graphics changes hands between group companies, as HTC Corporation buys out Via Technologies in a bid to outsmart Apple.

HTC Corporation will pay $300 million to Via Technologies to buy S3 Graphics in a related-party transaction.

HTC, which was originally known as the High Tech Computer Corporation, was founded in 1997 by Cher Wang, HT Cho and Peter Chou. Cher Wang is the daughter of Taiwan’s richest man, Wang Yung-ching, who founded the Formosa petrochemicals and plastics empire. He passed away in 2008.

HTC started life as a manufacturer of notebook computers but quickly became a pioneer in touch and wireless handheld devices. Its landmark product launches have included the Palm Treo, the iPaq and the world’s first Android phone. Wang and her affiliate investment...

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