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HTC plans to spin off its VR business

Posted on Monday, June 27 2016 @ 13:39:24 CEST by

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.
HTC Vive

Via: DigiTimes



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