HTC rumored to spin its Vive headset into a new company

HTC could spin off the Vive business into its own VR division.

@anthony256

Published Jan 18, 2016 8:07 PM CST
Updated Nov 3, 2020 12:02 PM CST

39 seconds read time

With the HTC Vive receiving praise amongst the press and consumers who have tried it out, the Vive Pre that was unveiled at CES 2016 with the front-facing camera and revamped Lighthouse controllers is incredible. So it should come as no surprise to hear rumors that HTC would secure its Vive headset, spinning off its VR division.

This would allow HTC to operate its mobile and VR businesses separately so that the VR side of HTC isn't affected if HTC's mobile sales continue to dwindle. The latest on HTC is that the company would start off by owning the VR business outright, with rumors that the Taiwanese giant is seeing if its employees are happy to work for the new business. In the wake of this news, HTC shares gained 5.3% to $2.28, with 9.57 million shares being traded.

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NEWS SOURCE:telegraph.co.uk

Anthony Garreffa

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering and has recently taken a keen interest in artificial intelligence (AI) hardware.