February 8, 2011 | by Michael Heller
Gaming on smartphones is big business, and HTC wants to be in on the returns. It has been reported that HTC is buying 5.3 million shares of OnLive at $7.50 a share for a total stake of $40 million. HTC spokeswoman Maggie Cheng told the Wall Street Journal that this will “strengthen its gaming capabilities and help HTC tap into increasing demand for games on smartphones.”
OnLive is a startup which is aimed at putting the cloud behind gaming so users can play regardless of the device they are on. The idea is that the processing power needed for games is in the cloud, so users can play any game from any system. This means that even if your computer doesn’t have the horsepower to run a game, that doesn’t matter, because OnLive will stream it to your computer, TV, tablet or mobile phone.
It is the last two sets of devices on that list that are of interest to HTC. HTC had a huge year last year, making big gains on the back of the Android platform and their quality handsets, and this move shows that they have no intention of slowing down.
The OnLive Android beta started in early December, though no official release date has been set.