Home » Economy » HTC Sells Part of its XR Unit to Google for $250 Million

HTC Sells Part of its XR Unit to Google for $250 Million

by Alexandra Hartman Editor-in-Chief

Google Makes a Big Splash in Extended reality

Google‍ isn’t⁤ afraid‍ to dip its toes into ⁤new waters. From smartphones and tablets to ​smart homes and AI, the tech giant has a hand ‌in numerous industries. So,​ it’s no surprise that Google ‌is setting⁢ its sights on the expansive world of​ extended reality⁢ (XR), a realm encompassing ‌both virtual and augmented ​reality.

In ‍a move that signals a serious ‍commitment to XR, Google announced its intention to acquire a portion of Android XR”>HTC‘s XR unit for a​ cool $250 million. This acquisition isn’t Google’s first ‌foray into the immersive tech⁤ space.Remember Google Cardboard, the company’s attempt to make VR accessible through smartphone-powered⁤ headsets? Or Google Glass, the ambitious project to‍ bring smart ⁣glasses to the masses? ‍These ventures, while not always‍ commercially triumphant, demonstrate Google’s long-standing interest in XR.

Building on ⁣this legacy, Google unveiled plans ‍for its Android XR platform, set to launch in 2024. This new platform aims to power a range of wearable devices, from headsets to glasses, bringing immersive experiences to a⁢ wider audience.

As ‍part of ⁢this deal, a importent portion of HTC’s Vive engineering team will ⁤join google, bolstering the company’s⁣ advancement efforts ‍for the Android XR platform.

However,HTC has been rapid to clarify that this isn’t a full-scale exit from the XR market.⁣ “Therefore, this is⁤ not ⁢redemption or⁤ exclusive license. ‍In the future, HTC will still ​retain the ability to‌ use it, ⁤use it and even further ​develop without any ​restrictions,” stated HTC Vice President and General Domer General LU CHIA-TE, emphasizing the​ company’s⁤ ongoing involvement in XR.

HTC: from Hardware hero to Innovation Partner

Once a leading force in the smartphone industry, HTC made waves with its innovative devices, pioneering features like⁢ 3D displays and dual cameras. ⁤But the smartphone market​ proved fiercely competitive, and HTC ultimately decided to focus its resources elsewhere.

In 2017, HTC sold‌ its mobile device division to Google,‍ marking a significant ⁣shift for the company. HTC then turned ​its attention to the promising world of virtual reality,⁢ collaborating with Valve ‍to create the groundbreaking HTC Vive.

Now, with Google’s acquisition of its XR unit, HTC is taking another strategic ‍step. while the long-term implications remain⁢ to be seen, it’s clear that ⁣HTC is ‌choosing to leverage its expertise in XR ‍by ‌partnering with a tech‍ giant poised to make a major impact on⁢ the industry.

The deal is expected to close in the first quarter of 2025,⁢ and ⁤all eyes will be on​ Google as it integrates HTC’s talent and technology into its vision for the future of‌ XR.

How do you see ​XR technology impacting the future of healthcare?

HTC: From Hardware Hero to Innovation Partner

Google’s recent acquisition of a portion ‍of HTC’s XR unit for $250 million has sent ripples through the tech industry. While HTC remains committed to XR, this deal signifies a strategic⁤ shift, focusing on innovation partnerships rather than solely hardware‍ production. ⁢To delve deeper,Archyde‌ spoke wiht Vivian Lin,HTC’s Vice President of XR strategy,to understand the‍ motivations behind this decision and HTC’s vision for the future.

Interview ​with Vivian ‍Lin, ⁣HTC Vice President⁢ of⁤ XR Strategy

Archyde: ⁤ Vivian, thank you for joining us. Many perceive this acquisition ‌as a departure from HTC’s ‌traditional hardware-centric ‌approach. Could you shed light on‍ HTC’s‍ evolving strategy in the XR space?

Vivian Lin: Absolutely. HTC has always been a ⁤pioneer in pushing technological boundaries. While our hardware innovations, particularly with ​Vive, have been instrumental in shaping the VR landscape, we recognize the evolving dynamics of the XR ecosystem. Partnering‌ with⁣ a powerhouse like Google allows us to leverage their ‌vast resources,expertise,and global reach to accelerate⁣ innovation ⁣and bring XR experiences​ to a wider audience.

Archyde: Google’s Android XR platform,launching in 2024,promises a unified ⁣platform for⁤ XR devices. How will ​HTC’s ​engineering expertise contribute to this initiative?

vivian ‍Lin: Our Vive engineering⁢ team brings invaluable experience in developing cutting-edge XR hardware and software.Integrating our knowledge with‍ Google’s Android ecosystem will be⁣ crucial in creating ‍a seamless ‌and ​robust ⁣platform that ⁣empowers developers and unlocks the full potential of XR.

Archyde: Despite the acquisition, HTC ​has stated it’s continued involvement in XR. What specific areas⁣ will HTC focus on moving forward?

Vivian Lin: we remain deeply invested in XR’s future. Our⁢ focus will be on developing⁤ innovative​ XR‍ solutions tailored to specific industries, exploring new applications beyond gaming and entertainment, and collaborating‍ with partners to drive the adoption of XR⁤ across diverse sectors.

Archyde: ⁤ Many see Google’s move as a major step⁤ towards mainstream‍ XR adoption.What excites⁤ you most about the ​future ​of⁣ XR,⁢ and how do you envision HTC playing​ a role in⁣ shaping that future?

vivian Lin: XR has​ the potential to ⁤revolutionize the way we learn, work, connect, and experience the world. I’m particularly excited⁣ about the possibilities in education, ​healthcare, and remote collaboration. HTC, with its deep XR expertise and⁣ Google’s‍ global reach, is uniquely positioned to ‌contribute to building ​a future where XR empowers individuals and transforms industries.

Archyde: Thank⁣ you, Vivian, for yoru insights. It’s clear that HTC ‌remains a vital force⁣ in the XR space,⁣ albeit in a ​new and exciting ​capacity.

**Readers, what industries do you ⁣think will benefit most from the advancements in XR?

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Adblock Detected

Please support us by disabling your AdBlocker extension from your browsers for our website.