It looks like HTC has plans to spin off their HTC Vive into a separate company. We first heard rumors about this back in January, although HTC denied that this was their plan.
Now HTC has confirmed that their VR business will be spun off into a new company, the news was announced at a recent shareholder meeting.
The HTC Vive will be put into a new independent subsidiary of HTC. The company’s CEO Cher Wang is apparently confident that the new company will be able to generate revenue and make a profit.
It may be a smart move for HTC to keep their VR business and smartphone business separate, the company has seen its smartphones sales decline over the last few years.
Source Phandroid
Filed Under: Technology News, Top News