HTC Setup Separate VR Company Reveals Chairwoman Cher Wang

Posted: May 26 2016, 5:41am CDT | by , in News | Latest Business News


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HTC Setup Separate VR Company Reveals Chairwoman Cher Wang
Cher Wang. Credit: HTC

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Taiwanese HTC is on a roll. The stock is rising mainly because of the potential growth of virtual reality.

HTC pretty much came out of nowhere with the HTC Vive, giving Oculus suddenly competition. The Taiwanese company's smartphone business is not going anywhere, but the HTC Vive is red hot. As reported yesterday, Oculus receives a lot of hate from the community right now and HTC is benefiting big time from Oculus' problems and mistakes.

HTC's chairwoman Cher Wang has confirmed this week that HTC has created a separate company for virtual reality. The new HTC VR company is under the full control of the company. Cher Wang told the Nikkei Asian Review that there are no plans for taking the new HTC VR company public.

The company is rumored since a couple of months to setup a VR company. HTC stock rose by a whopping 30% this week on the Taiwanese stock market. The rise got fueled by a new strong buy rating by Goldman Sachs.

HTC's plan could be to get rid of the smartphone business and fully transform into a virtual reality hardware company. This is not going to happen anytime soon. VR just got started. The $799 HTC Vive VR headset just started to ship a couple weeks ago.

The supply situation of the Vive, which includes 2 VR controllers in contrast to the Oculus Rift, is quite good. New orders ship in June. In contrast, a new $599 Oculus Rift order takes until August to ship.

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The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
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