Benzinga | Dec 8, 2021 07:12AM EST

Microsoft, Samsung Collaborate Over AR HoloLens Project

Samsung Electronics Co Ltd (OTC:SSNLF) and Microsoft Corp (NASDAQ:MSFT) initiated an augmented reality HoloLens project, the Elect reports. The project began during the summer of 2021 will last two years.

* Samsung had formed a task force for the project earlier this year, and Samsung business divisions are working on the project.

* The project will last until 2023 and with a commercial launch in 2024.

* Samsung will likely be the hardware manufacturer and probably make the waveguide module.

* Samsung ended support for its VR device called Gear VR in 2020. Meta Platforms Inc (NASDAQ: FB), Apple Inc (NASDAQ: AAPL), Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google, and Microsoft continued to invest in AR projects over the years.

* MacRumors reports that Apple's first AR headset will go to mass production in late 4Q22.

* Apple is working on a second-generation headset with a lighter design for launch in 2024, Apple analyst Ming-Chi Kuo said.

* Related Content: Why Apple's 'AR/VR Opportunity' Gets This Analyst Excited About Cupertino's Growth Prospects

* Price Action: MSFT shares traded higher by 0.32% at $336 in the premarket session on the last check Wednesday.