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Apple's tablet iPad is likely to face tough competition in near future as searcg engine giant Google has joined hands with Verizon and smart phone maker HTC in order to come up with a rival gadget for iPad. HTC is the Taiwanese phone manufacturer and Verizon is the leading cellphone carrier in the US.

The new gadget's official name is still to be announced but it has been confirmed that it would run on Google's Chrome operating system, and is likely to be heavily subsidized for buyers who opt to purchase the device along with a monthly data plan from Verizon.

The device is expected to be launched Nov 26, the day after the Thanksgiving holiday in the US, which is recognised as the start of the holiday shopping season.

Google and HTC have collaborated closely on developing phones running on Google's Android operating system, which is proving a stiff competitor to Apple's iPhone. Verizon is also a strong adopter of Android phones, as it battles rival AT&T, which enjoys exclusive iPhone rights in the US.