The Handset and VR operations could be sold separately.
HTC’s handset business has been flagging under the assault on the China market from Huawei, Oppo and Vivo.
Its VR business, represented by the Vive headset, saw it recently having to reduce the Vive price by $200 from $799 to $599.
HTC shares have fallen over 90% since their 2011 high. The company’s market cap is currently around $1.8 billion.