HTC Reportedly Creating Separate Company For Virtual Reality

It’s no secret that HTC has had a bad couple of years in the global smartphone market. Even though it churned out some pretty robust handsets the market seemed to have moved to other OEMs and so HTC’s struggles continued. It’s now focusing more on wearables and virtual reality, making waves with its Vive virtual reality headset, and it turns out that HTC might even be considering setting up a separate company to handle its VR business.

HTC has worked on its Vive virtual reality headset with infamous game developer and retailer Valve, from the looks of it this headset will be able to hold its own against the likes of the Oculus Rift, HTC will start taking pre-orders for the Vive virtual reality headset next month.

A report from Taiwan claims that HTC is going to spin off its VR division into an independent company that’s going to remain under HTC’s ownership. It’s claimed that HTC is currently involved in talks with its employees as it seeks to find out if they will be okay with working for an independent company that will remain under its control.

HTC has made no secret of the fact that it sees virtual reality as one relatively untapped market and that it wants to be a major player in that arena. It’s hoping that the Vive will be able to convince people that HTC is here to stay in the VR arena, and it does make sense for the company to spin off the entire division so that it’s not bogged down with the day to day at HTC proper.

Adnan Farooqui
Categories: Gadgets
Tags: HTC, Virtual Reality (VR)