Google is acquiring a portion of HTC's extended reality (XR) business for $250 million, enhancing its efforts in virtual and augmented reality hardware. This move follows the recent launch of its Android XR platform. As part of the deal, some HTC VIVE engineers will join Google, and the Taiwanese company will retain rights to the technology. This marks a significant step in the competitive landscape of XR technology, dominated by companies like Apple and Meta. The deal also opens the door for further collaboration between Google and HTC.
Google's acquisition of part of HTC's XR business for $250 million signals a vital thrust into augmented and virtual reality, aiming to accelerate its Android XR platform.
The deal, which involves the transfer of HTC VIVE engineering staff to Google, reflects a strategic partnership to enhance VR and AR capabilities as tech giants compete.
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