HTC plans to spin off its VR business

Posted on Monday, June 27 2016 @ 13:39 CEST by Thomas De Maesschalck

A bit more information emerged about HTC's plan to spin off its virtual reality business. At the company's latest general shareholders meeting, HTC president for global sales Chia-lin Chang revealed the move will help HTC to build alliances or attract investment capital from potential strategic partners:

Alliance agreements will help HTC enhance its competitiveness and play a more important role in the growing global VR market, Chang told shareholders.

HTC's current tie-up with game developers Valve will help each other, and more importantly, will help HTC ramp up shipments of the HTC Vive given that Valve has a total of 130 million users worldwide, HTC chairperson and CEO Cher Wang added.

Via: DigiTimes

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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