Meta and LG Reach Agreement on XR Devices
According to the press release, the agreement was reached during Mark Zuckerberg’s tour in Asia at the end of February 2024, where he met with senior management of LG. During the meeting, business strategies and development of next-generation XR devices were discussed.
LG CEO William Cho expressed interest in Meta technologies, specifically in the Meta Quest 3 headset and Ray-Ban Meta smart glasses. LG sees potential in combining the Meta platform with its own capabilities in content and television services.
The collaboration with Meta aligns with LG’s strategy to focus on emerging areas, as reflected in the Future Vision 2030 strategy aimed at creating a company of smart home solutions with a seamless user experience in various spaces, including virtual. LG has established a specialized XR division to accelerate development in the virtual space.
