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HTC reportedly to set up independent VR company

  • Author:Nora
  • Release on :2016-01-20

HTC plans to spin off its virtual reality (VR) business unit to form an independent company in a bid boost its VR business operations, according to a Taipei-based Central News Agency (CNA) report.

HTC and its chairperson Cher Wang will hold a 100% stake in the planned VR company initially, the report said. HTC did not comment or confirm the report.

Wang said earlier on the sidelines of CES 2016 that HTC will set up an independent business unit to develop and operate VR platform products with the possibility that the unit may operate outside HTC.

While the smartphone business remains critical for HTC, it is more important for HTC to strive into the VR market, Wang said.