The potential deal includes a contingent payment of $15m, subject to AdHawk meeting certain performance benchmarks.

Google could be planning to re-enter the competition with its Android XR platform and a partnership with Samsung on a new headset called Project Moohan. However, Google's plans seem to be beyond software,

Google (NASDAQ:GOOG) is reportedly nearing a deal to purchase AdHawk Microsystems, which could help bolster its re-entry into the smart glasses or augmented reality headset market, according to Bloomberg.