Google is buying Fossil’s smartwatch tech for $40 million

Rumors about a Pixel Watch have abounded for years. Such a device would certainly make sense as Google attempts to prove the viability of its struggling wearable operating system, Wear OS. Seems the company is finally getting serious about the prospect. Today Fossil announced plans to sell its smartwatch IP to the software giant for $40 million. Sounds like Google will be getting a nice head start here as well. The deal pertains to "a smartwatch technology currently under development" and involves the transfer of a number of Fossil employees to team Google. Wear OS is definitely struggling, but it sure isn't because of lack of trying from Fossil. The company has been churning out a whole wide variety of Wear OS devices, and they offer enough choice in design that anyone can find something they like - at acceptable price points, too. Sadly, like any other Wear OS OEM, they're held back by a lack of acceptable silicon, since Qualcomm has been unable to deliver a chip that's even remotely as good as Apple's wearable SoC. Perhaps Google's stewardship can address this problem.