On Wednesday, VIA Technologies and WTI announced that the two have reached an agreement to sell holdings in S3 Graphics to HTC for $300 million. S3 Graphics builds hardware graphics solutions for a number of consumer devices including game consoles, PCs, and mobile devices. VIA will receive $147 million from the deal while WTI will take home $153 million. “The transaction would allow VIA to monetize a portion of its rich IP portfolio, yet retain its graphics capabilities to support the development and sale of its processors and chipsets,” said Tzu-mu Lin, Senior Vice President and Board Director of VIA. The deal is still subject to regulatory approval but is expected to close before the end of this year. Rea
