Meta can turn to Magic Leap to help stay ahead of Apple and other newcomers in the crowded AR space soon. According to the , the two companies are in talks to sign a multi-year intellectual property licensing and manufacturing agreement. Details about the negotiations are scant, but according to the outlet’s sources, a potential partnership is not expected to produce a jointly developed headset. Alternatively, the deal could see Magic Leap provide Meta access to some of its optical technology. The partnership could also see the startup help manufacture Meta hardware, allowing the tech giant to produce more VR headsets domestically at a time when there is more pressure on US companies to reduce their dependence on China.
Meta did not immediately respond to Engadget’s request for comment. said Magic Leap financial times Partnerships a “An important business line and growing opportunity for Magic Leap”. Additionally, in a blog post titled “,” CEO Peggy Johnson said late last year that the company “has received an incredible amount of interest from across the industry to license our IP and leverage our patented manufacturing process to produce optics for others seeking Launch of proprietary mixed reality technology. “
The timing of the report is notable for several reasons. Meta is under pressure from investors to show something for all the money it spent pursuing CEO Mark Zuckerberg’s vision for the future of computing. The company doesn’t expect to turn a profit on all of its metaverse projects for a few more years. At the same time, it is in the Reality Labs section. Separately, Apple is widely expected to enter the AR headset market next month when the company holds its WWDC developer conference.