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April 10 (Reuters) – Specs, the Snap sensible glasses unit fashioned early this 12 months, will use Qualcomm chips for its upcoming units underneath a multi-year deal introduced on Friday, marking its first main transfer.
The Specs sensible glasses launching later this 12 months will use the Snapdragon XR processor platform, the 2 firms stated on Friday. Financial particulars of the deal weren’t disclosed.
The deal builds on a years-long tie-up that has seen Qualcomm chips energy a number of earlier generations of Snap’s developer-focused sensible glasses known as Spectacles.
Snap established its Specs unit in January to compete with Meta, whose Ray-Ban AI sensible glasses developed with EssilorLuxottica have develop into one of many few breakthrough successes within the race for AI-powered devices.
The Specs unit goals to offer extra independence to the group that is engaged on sensible glasses and in addition opens room for exterior funding, the Snapchat-parent has stated.
Friday’s announcement comes after activist investor Irenic Capital Management, which disclosed an financial curiosity of about 2.5% in Snap’s Class A shares, final week pushed the corporate to both spin off or shutter its Specs unit and minimize prices.
(Reporting by Jaspreet Singh in Bengaluru; Editing by Maju Samuel)
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This web page was created programmatically, to learn the article in its authentic location you…
This web page was created programmatically, to learn the article in its unique location you…
This web page was created programmatically, to learn the article in its unique location you…
This web page was created programmatically, to learn the article in its unique location you…
This web page was created programmatically, to learn the article in its authentic location you…
This web page was created programmatically, to learn the article in its authentic location you…