HTC To Pay $300M For S3 Graphics Amid Apple IP War

Law360, New York (July 6, 2011, 12:46 PM EDT) -- Taiwanese smartphone manufacturer HTC Corp. announced Wednesday it would pay $300 million for S3 Graphics Co. Ltd. and its lucrative patent portfolio, on the heels of a U.S. International Trade Commission ruling that Apple Inc. is infringing two S3 Graphics patents.

An ITC judge ruled earlier in July that Apple Inc. had infringed two S3 Graphics patents for image processing technology used in video graphics allegedly implemented in the iPhone, iPad, iPod touch, MacBook and associated software.

Under the terms of the transaction, Taiwan-based circuit maker...
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