'HTC wants company for virtual reality '

'HTC wants company for virtual reality '

Tech January 18, 2016 20:21

- HTC wants to set up a separate company for the development of virtual reality (VR). Director Cher Wang and HTC will be the sole shareholders for the time being, reports the Taiwanese newspaper Commercial Times.


         Wang said earlier in the CES trade show to see more future in wearables and VR, as competition in the smartphone market is fierce. HTC adheres been working on the technology. In collaboration with Valve's VR goggles HTC Vive developed, which comes on the market is expected in April.
The news about the plans of HTC fell well on the exchanges. The share of the Taiwanese company immediately rose in value.

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