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(Update: HTCdenies spin-off) HTCto reportedly create an independent VR company
July 18, 2025
Following reports from Taiwan that HTCis preparing to spin off its virtual reality business into a standalone company, HTChas issued a statement dismissing the claims. The reports had suggested that HTC’s Cher Wang would head up and at least part own a new company that would take over HTC’s work on virtual reality, but that doesn’t appear to be the case.
This doesn’t completely rule out HTCdoing something with its VR division at some point down the line, but it certainly shuts down the idea that Cher Wang will be heading things up. Originally, the idea to spin off the division had apparently been raised by Peter Chou, before he stepped down, but was abandoned. Based on this comment, it doesn’t look like the idea will be resurfacing any time soon.
We’ll have to see how HTC’s efforts in the VR space fair when its Vive headset begins heading out to consumers in April this year.
Virtual realityis expected to make its big breakthrough this year as hardware finally heads out to consumers. Reports from Taiwan are suggesting thatHTCwill look to further capitalize on its hardware efforts in this market by opening up a dedicated independent company to work on VR.
HTC has been working in conjunction with US video game developer and retailer Valve on theVive headset. The company announced that its HTCVive will be available forpre-order on February 29thand the latest reports suggest that the hardware will come in at the premium end with aprice tag that could reach $1,500.
According to the report, HTC’s Char Wang will spin off the company’s VR efforts into an independent entity, which will initially remain under HTC’s ownership. Apparently, the company is currently in talks with its employees about their willingness to work for an independent firm. HTChas also already invested more than NT$300 million in WEVR, a VR content developer in the United States, and clearly views the technology as a long term investment. HTChas not commented on the rumor.
The HTCVive is only of only three major VR platforms in development for release this year, along with the Oculus Rift and Sony’s headset for its PlayStation 4 console. Given HTC’s recent poor performance in the smartphone market, building a strong presence at the early stage in the growing VR market could give the company a much needed boost. This latest report saw HTC’s share price rise sharply by 5.3 percent during early trading on Monday morning.
In similar news,Google recently announcedthe creation of its own dedicated virtual reality division. Clearly expectations are high for new hardware and the emerging VR market.
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