HTC seeks to spin off VR business

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3Dbaz– The establishment of an independent VR (virtual reality) subsidiary will help HTC build alliances with, or solicit equity investment from, potential strategic partners, HTC president for global sales Chia-lin Chang said at the company’s latest general shareholders meeting.

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.

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VR is a very important technology for HTC, and it is not difficult for HTC to generate profits from the technology as there will be a proliferation of VR applications in the education, healthcare, shopping and entertainment sectors over the next 10 years, Wang said.

As a result, HTC needs strategic partners as well as investors to maintain its leading market position and sustain its mid-range to long-term earnings targets, Wang added.

Via Digitimes

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