This is in light of the company’s losses for FY2022 ended June increasing to an US$11 million ($15.76 million) loss, up from US$8 million in the same period a year ago.
Creative Technology has announced in its annual report that the company is looking at expanding into other electronics products, such as the Internet-of-Things and elderly care segments.
In its annual report, Creative chairman and CEO Sim Wong Hoo says “we will be leveraging a revolutionary yet highly affordable visual infra-red sensor from an investee company which we have incubated for several years, to create new and exciting products for various sectors.”
