SAN JOSE, Calif.–(BUSINESS WIRE)–Immersion Corporation (NASDAQ: IMMR), the leading developer and licensor
of touch feedback technology, today announced a series of restructuring
actions designed to sharpen the companys strategic focus and establish
a more cost-efficient operating structure.
As part of these changes, Immersion plans to take the following steps:
-
Significantly reduce its presence in China to focus primarily on
Mobile OEM licensing; -
Focus development efforts to bolster its IP licensing model for the
Gaming and VR/AR markets; and - Cease its efforts in Mobile Advertising.
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