Mediatek will spin off VR unit next month

Stefan Mileschin · 23rd May 2016, 06:01

MediaTek is so confident about its VR plans it is going to spin off its VR division to form an independent company in June.

A recent Chinese-language Economic Daily News report claims that Mediatek wants the spun off business to drive VR sales. It all sounds pretty good but MediaTek have sort of denied the rerport.
Well we say sort of denied it. What it has told the Taiwan Stock Exchange that it was not the report's source, which is not quite the same thing.The spin off could go ahead, but MediaTek is denying that it told the EDN its cunning plans. But then again the EDN did not name its source either. Without a denial from the company we are none the wiser.

http://fudzilla.com/news/wearables/4...nit-next-month

23rd May 2016, 06:01	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,618	Mediatek will spin off VR unit next month MediaTek is so confident about its VR plans it is going to spin off its VR division to form an independent company in June. A recent Chinese-language Economic Daily News report claims that Mediatek wants the spun off business to drive VR sales. It all sounds pretty good but MediaTek have sort of denied the rerport. Well we say sort of denied it. What it has told the Taiwan Stock Exchange that it was not the report's source, which is not quite the same thing.The spin off could go ahead, but MediaTek is denying that it told the EDN its cunning plans. But then again the EDN did not name its source either. Without a denial from the company we are none the wiser. http://fudzilla.com/news/wearables/4...nit-next-month

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