To keep ahead of Apple and other new entries in the soon-to-be-crowded AR industry, Meta may look to Magic Leap for assistance.
The Financial Times reports that the two businesses are negotiating to sign a multiyear manufacturing and IP licensing agreement.
Meta Explores Partnership with Magic Leap
There aren’t many specifics on the talks, but the outlet’s sources claim that a potential agreement won’t lead to the creation of a jointly created headgear.
Magic Leap might be able to grant Meta access to some of its optical technology under the terms of a contract, though.
The collaboration may potentially involve the company helping to create Meta devices, enabling the tech giant to produce more of its VR headsets domestically at a time when American businesses are under increased pressure to reduce their reliance on China.
The request for a comment from Engadget was not immediately answered by Meta. Partnerships were evolving into a major line of business and expanding possibility for Magic Leap.
After taking over as CEO of Magic Leap in late 2020, Peggy Johnson managed the company’s transition from a consumer audience of people who couldn’t afford the $2,300 mixed-reality headset to the enterprise market.
Johnson will join us for a fireside chat on the Hardware Stage of TechCrunch Disrupt 2023 in San Francisco from September 19–21, 2023.
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A High-Priced Headset Targeting Multiple Industries
The Magic Leap 2 headset costs more than $3,000 and is intended to increase efficiency in a variety of sectors, including healthcare, manufacturing, and defense.
Johnson held the position of executive vice president of business development at Microsoft before to joining Magic Leap, where she oversaw strategic alliances and transactions that sped up the company’s and its clients’ growth.
Johnson worked for Qualcomm for 24 years, holding a variety of executive roles in engineering, sales, marketing, and business development. She was also in charge of Qualcomm Internet Services.
Johnson is a board member for BlackRock and holds a bachelor’s degree in electrical engineering from San Diego State University.
Further discussions with eminent authorities can be found on the Hardware Stage, which covers subjects like robots, consumer electronics, space, and more. It’s only one of the six new stages at Disrupt for six ground-breaking industries.
Join the world’s startup community at TechCrunch Disrupt 2023 in San Francisco, September 19–21. Purchase a pass right away to save up to $625.
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