LG and Meta announced a strategic partnership focused on extended reality (XR) devices and technologies. Meta has previously released Meta Quest virtual reality (VR) and mixed reality headgear, which can provide both VR and augmented reality experiences.
Meanwhile, LG established an XR business unit under its Home Entertainment division to focus on developing mixed-reality products by the end of 2023. The announcement comes shortly after both companies’ CEOs were reportedly planned to meet to discuss the development of a new mixed reality headgear that may be revealed by Facebook’s parent company in 2025.
The South Korean company announced the agreement in a prepared statement on Wednesday. “LG envisions that by bringing together Meta’s platform with its own content/service capabilities from its TV business, a distinctive ecosystem can be forged in the XR domain, which is one of the company’s new business areas. Moreover, the fusion of Meta’s diverse core technological elements with LG’s cutting-edge product and quality capabilities promises significant synergies in next-gen XR device development.”
The release also notes that Meta CEO Mark Zuckerberg met with LG Electronics CEO William Cho and Park Hyoung-sei, President of Home Entertainment at LG Electronics, in the LG Twin Towers in Yeouido, Seoul. The two sides talked about business strategies and considerations for the next-generation XR gadget development.
The LG executives also tested the Meta Quest 3 headset and Meta Ray-Ban smart glasses, expressing interest in the company’s large language model (LLM) stack and on-device AI integration.
LG appears to be increasing its hardware and product development efficiency, while Meta helps in the incorporation of essential technologies. According to reports, the two tech giants have been collaborating on the Meta Quest Pro 2 for quite some time, and the headset might be released in 2025.
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The specifics of the partnership are unknown at this time, and it remains to be seen whether both companies will contribute their expertise and assist each other in developing independent goods or create co-branded gadgets.
According to Reuters, Zuckerberg is now on a tour of Asia, and arrived in South Korea on Tuesday. During his stay, he is anticipated to meet with President Yoon Suk Yeol and other technology leaders. This is apparently his first trip to the country in ten years. He is also slated to visit Japan and India on this trip.
