The head of Taiwanese smartphone maker HTC Corp, embroiled in patent battles with Apple Inc and others, said his company had completed the purchase of U.S. graphics chipmaker S3 Graphics, arming itself with more than 200 patents.
Patent spats with Apple forced HTC to delay the launch of one of its flagship devices in the United States, once its biggest market, and modify others to comply with a ruling by the International Trade Commission (ITC). Apple has since filed at least two other complaints, including one last week alleging HTC was still infringing the patent and demanding emergency action against 29 of its devices.
But HTC CEO Peter Chou dismissed concerns that such disputes have any long-term impact on the company, arguing that investors and analysts misunderstood the situation.
"Patent lawsuits haven't caused any actual damage to HTC," he said in an interview on Wednesday. "Only the Street is worried for us, we're not worried ourselves. We hope the disputes will get more reasonable in the future."