HTC will help the development of the market for virtual reality in China
Despite its far from rosy financial condition, HTC announced the establishment of cooperation with the government of Shenzhen, VR China research Institute Research Institute.
The Institute will develop a variety of sensors, displays that can be used in VR devices, as well as appropriate software and other technologies in this direction. Since this Institute, not just a new company, the development will be aimed at different segments, including healthcare, industry, military-defense complex, and so on.
In addition, the Institute was created the investment Fund Shenzhen VR Investment Fund with capital of $ 1.5 billion, which will accelerate the growth of the VR market in China in different directions.
Financial investment HTC source says nothing, but we can assume that the company acts in this initiative only as a technological expert, having working and quite popular VR technology.