Technology company HTC is unveiling a state of the art research center in China worth $1.5 billion. This investment fund and research center is a joint project of HTC with the Shenzhen Municipal Government.
HTC is currently making waves now in the market with the release of its HTC VIVE VR System, Daily Tech reported. The HTC VIVE is currently the best immersive technology experience out in the market. HTC's VR set is currently the best virtual reality headset available in the market today, being retailed at $799, the most expensive of its kind. Apparently, the retail price of this piece of technology speaks volume of its topnotch quality. It gives users not only the most complete visual, audible, and physical experience to date, but as Steam VR powers with the system, it also provides new releases and game updates for hundreds of games.
With the construction of its new VR research institute in China, HTC is definitely raising up the ante. The purpose of this research center is for the company to develop innovations in various technology, such as sensors, displays, graphics, data visualization, and human-machine interaction, to name a few. The institute is also part of HTC's long term plan of collaborating with members of enterprises, universities, research institutes, and investment organizations in Shenzen, to develop innovative technologies.
However, the scope of the research to be done in the institute is intended to apply HTC's VR technology to various fields, such as design and manufacturing, engineering, health care, and military. When asked about this recent development, HTC's Chairwoman and founder Cher Wang said that this research institute in Shenzen, with its mutiple research and development centers, will not only accelerate the development of VR technology industry in the region but will also elevate its R&D capabilities.