Qualcomm will provide subsidies for headwear manufacturers

Electronic enthusiasts eight o'clock: Beijing time on the 23rd evening Qualcomm (57.14, 0.04, 0.07%) company (Qualcomm, QCOM) is double betting on virtual reality business, is currently seeking to make their own processor than Intel (36.18, 0.11 , 0.30%) competitors such as the company (INTC) are more attractive to head-wearing equipment manufacturers.

Qualcomm announced on Thursday a head-mounted display acceleration project designed to help original equipment manufacturers (OEMs) enter the virtual reality market. Qualcomm will subsidize part of the cost of these manufacturers and the time spent on design, development and time to market.

Qualcomm said the project will help manufacturers get commercial products in just a few months. Qualcomm's Snapdragon chip powers the technology behind the immersive virtual reality experience, which competes with similar chips produced by Intel.

At 22:40 Beijing time, Qualcomm's share price was reported at 57.01 US dollars, a decrease of 0.15%.

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