No, HTC is Not Setting Up a Separate VR Based Company
Yesterday, rumors sprung and took the HTC shareholders by storm when it was claimed that the corporation was looking to further expand into the Virtual Reality business by starting a new company focused solely on the VR market and products.
However, that is not going to happen.
The chairwoman of HTC Corp., Cher Wang, has issued an official statement to the shareholders specifically and the press at large that they have no such plans. The statement denied the rumors that Wang wants to spin off the VR business into a separate entity and that business will be conducted as usual:
Recent media reports in Taiwan, such as by United Evening News, stating that Cher Wang is planning to spin off HTC’s VR operations into an independent entity that will be wholly owned by Wang is incorrect. HTC will continue to develop our VR business to further maximize value for shareholders.
The rumors had sprung up when the aforementioned media outlet, United Evening News suggested so based on an alleged insider tip-off.
As a result of this, the share price of the company experienced a surge and rose up by a major 5.23 percent although the news was false.
It is a fact that Cher Wang does consider Virtual Reality to be more important that smartphone business of the company – and she has even said so in the past – that doesn’t mean they want to change things up so agressively.
In parallel news, MSI and HTC have announced a collaborative effort where the former’s new MSI Vortex tower PC is going to be manufactured for Vive to give you the ultimate VR experience.
Being the Managing Editor of TechFrag, Sarmad splits his time between keeping up with latest news, technology, gaming and other awesome things like unearthing the merits of staying up at night and Californication!