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LG Shifts Focus from XR Products to Strengthen R&D Efforts
LG has announced the closure of its XR product division, shifting its focus towards strengthening research and development initiatives. Previously, LG was in discussions to collaborate with Meta to propel its XR ambitions. However, following a series of strategic reevaluations, the company has decided to streamline its operations and redirect resources towards innovative R&D efforts. This pivot aims to enhance LGs technological prowess and improve its competitive edge in the rapidly evolving tech landscape. While the decision marks the end of LG's exploration in the XR space, the company's commitment to advancing its core technologies remains steadfast, hinting at a potential reinvention of its product offerings in the future. This strategic realignment underscores LG's adaptability and focus on sustainable growth in the tech industry.
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