Razer is developing a Switch competitor

They want to release it by the end of the year.

Nintendo Switch is a monumental succes for the company, and that is because they have the market largely to themselves, with PlayStation Vita not getting anymore official support from Sony. But, one competitor is aiming to take its share of the handheld gaming market soon, and that is Razer.

Recently, the company's CEO, Min-Liang Tan spoke with CNBC, and there he confirmed a rumor that's been circulating for quite some time - that Razer is working on its own handheld gaming device.

"One of the most hotly rumored things about Razer is that we're coming up with a mobile device. And I can say that we are coming up with a mobile device specifically geared toward gamers and entertainment. We're hoping to have it come ... by the end of the year, so that's something we're working on." said Tan.

It's unclear exactly what this device is, but we guess we'll know by the end of the year.