comscore Foxconn invests $200 million in GoPro

Foxconn invests $200 million in GoPro

Hon Hai Precision, popularly known as Foxconn, has invested $200 million in GoPro that makes highly versatile cameras. The investment will give Foxconn 8.8 percent stake in the company and Foxconn’s founder and CEO, Terry Gou will join the board of the company. This gives GoPro a valuation of $2.25 billion. Also Read - Redmi K50 Extreme Edition spotted on Geekbench

Also Read - Elon Musk invites Parag Agrawal for public debate, sets condition on Twitter deal: Check details

This is an interesting investment for Foxconn, which was also looking at picking up a stake in Sharp’s display manufacturing business but that deal fell through. Eventually Qualcomm invested $120 million in Sharp to pursue the next generation display venture. Also Read - Xiaomi Android smart TVs price down by up to Rs 6,000 in festive sale

Foxconn is the world’s largest contract manufacturer and is famous for being Apple’s manufacturing partner for iPhone and iPad apart from manufacturing Sony’s PlayStation and Microsoft’s Xbox among others. If you have used any smartphone, laptop or gaming console, there is a huge possibility of it being manufactured in one of Foxconn’s many factories in China.

For the latest tech news across the world, latest PC and Mobile games, tips & tricks, top-notch gadget reviews of most exciting releases follow BGR India’s Facebook, Twitter, subscribe our YouTube Channel. Also follow us on  Facebook Messenger for latest updates.
  • Published Date: December 20, 2012 10:40 PM IST

new arrivals in india