Chinese ODM Goertek Aims to Produce Over 3 Million VR/AR Headsets Annually

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The VR war is now real with China-based company, Goertek involvement in the game.
Road to VR reports, “Goertek may not be a household name, but the China-based company is looking to gear up its manufacturing lines to produce a surprising number of VR/AR headsets and lenses soon. Goertek recently announced a ¥4 billion (~$ 572 million USD) convertible corporate bond offering, one quarter of which will be invested in the company’s VR/AR manufacturing capabilities, the company says. The news was first reported by Yivian (Chinese).”
“Goertek and Qualcomm Technologies also collaborated on the 5G-enabled XR reference design using the new Snapdragon XR2 platform. At its unveiling earlier this year, it was said Goertek was “deeply involved in the system integration and manufacturing of the XR2 reference design. Yivian speculates that Goertek’s recent VR/AR manufacturing push may be related to Facebook’s inevitable follow-up of Oculus Quest, although that remains to be seen. A prospective next-gen Quest would however require that sort of wide manufacturing bandwidth suggested by the Goertek’s recent announcement.”
Yivian notes that Goertek also hopes to push production of VR/AR devices to 3.5 million units annually, and increase output of “precision optical lenses and module products” to an annual amount of 5 million units.

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