LG and Meta have officially announced a partnership to strengthen the XR businesses of both companies. The news follows a meeting between Meta Founder and CEO Mark Zuckerberg and LG’s top management, including CEO William Cho and President of Home Entertainment Company, Park Hyoung-sei. Initial reports of the meeting referenced both parties’ interest in integrating LG’s webOS system into Meta’s Quest line of XR headsets.
The announcement stated that LG is looking to leverage its own content network to carve out a niche in the XR space. “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,” reads LG’s press release. “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.”
In describing the new partnership, LG referenced its recently-announced “Future Vision 2030,” which outlines the company’s intention to transform into a “Smart Life Solution Company” by 2030. LG’s states its objective is to restructure into a company that “can seamlessly connect and expand customer experiences across various domains, including home, commercial, mobility and virtual spaces.”
