TAIPEI (Reuters) – Taiwan’s HTC mentioned on Thursday it would promote a part of its prolonged actuality (XR) unit to Google (NASDAQ:) for $250 million, with some members of the Taiwanese firm becoming a member of the U.S. one.
The transaction is predicted to shut within the first quarter of this 12 months, HTC mentioned.
The 2 firms will even discover additional future collaboration alternatives, HTC added.
“This settlement reinforces HTC’s technique of continued growth across the XR ecosystem, enabling a extra streamlined product portfolio with a give attention to platforms, higher operational effectivity and monetary flexibility.”
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