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LG Electronics and Meta Join Forces for XR Expansion

Source: LG Electronics

Seoul, South Korea - LG Electronics (KRX: 066570) and Meta (NASDAQ: META) have expanded their strategic partnership to accelerate LG's extended reality (XR) projects. 

The collaboration will combine the strengths of both companies in products, content, services, and platforms to drive innovation in the virtual space.

LG CEO William Cho met with Meta CEO Mark Zuckerberg in Seoul to discuss potential business strategies and the development of next-generation XR devices. 

LG expressed interest in Meta's advanced AI technology and its potential for integration into XR devices.

LG aims to create a unique XR ecosystem by leveraging Meta's platform, content, and service capabilities. 

XR devices are seen as the next generation of personal devices that could overcome the limitations of mobile screens.

The company sees XR devices as having the potential to overcome the limitations of mobile screens.

The collaboration is in line with LG's focus on promising growth areas. 

The company recently established a dedicated XR unit to accelerate its ventures in the virtual space.