HTC unveils a $1.5 billion investment fund and research center for China

HTC is making yet more moves in China, announcing a partnership with the Shenzhen Municipal Government to kick off two new initiatives.

The first of these is a new China VR Research Institute. HTC and this center will work on developing breakthroughs in sensors, displays, graphics, data visualization, human-machine interaction, and other areas. It will consist of members of enterprises, universities, research institutes, and investment organizations, all working together to boost the VR ecosystem in Shenzhen and apply the tech to various areas such as health care, military, engineering, design, and manufacturing.