Valve, Microsoft and HP have teamed up to develop a new virtual reality headset.

As revealed on the products HP webpage, the three tech giants have come together to design a "next-gen" VR headset.

"Developed in collaboration with Valve and Microsoft, the next-gen HP VR headset delivers a more immersive, comfortable and compatible experience than the previous generation. It's the new standard in VR," reads the product description.

For those interested in the hardware, there is an option to be notified when more news becomes available.

Steam owner Valve already has a keen interest in VR. The company teamed up with HTC to launch the Vive VR back in 2016, before building its own Index VR headset. That launched in May last year and according to SuperData, it shifted 149,000 units of the hardware by the end of 2019.

Earlier this month, its Index VR headset was confirmed to be back in stock amidst production issues due to the coronavirus. However, it sold out the same day it was available – March 9th.

Yesterday, the VR exclusive title Half-Life: Alyx was released.