HTC has purchased S3 Graphics for $300 million. S3 creates graphical chipsets for Microsoft, Sony and Nintendo along with smartphones and tablets, having patents and pending applications related to Blu-ray movie playback, 3D acceleration and texture compression.

“S3 Graphics has a long history of designing graphics processor chips and technologies,” said S3 CEO Dr. Ken Weng. “S3 Graphics’ technology has been implemented in more than one billion computers, game consoles and mobile devices worldwide.”

“As a leading mobile innovator, HTC is committed to continually enhancing its IP portfolio,” added HTC CEO Peter Chou. “S3 Graphics patents are highly complementary to HTC s existing innovations and multimedia capabilities.”