We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,100 News Articles

Foxconn pays $200M for 9 percent stake in action camera company GoPro

Foxconn hopes the investment will let it tap into the burgeoning market for content creation

Taiwanese manufacturing giant Foxconn Electronics said it could integrate more camera features into its devices after making a US$200 million investment in a U.S. company that makes cameras for action sports enthusiasts.

Foxconn's investment, announced on Thursday, buys the company a 8.88 percent stake in GoPro, a company that sells wearable cameras to take video and pictures of outdoor activities such as skydiving, surfing, and skiing.

Foxconn's major clients include Apple, Microsoft, Sony and other electronics vendors, and is producer of smartphones, tablets, TVs and video game systems. The company foresees the consumer tech industry moving toward more products capable of "content creation", and expects GoPro can help Foxconn better tap into this market, said Foxconn spokesman Simon Hsing.

The investment will also pave the way for GoPro to expand U.S. sales by leveraging Foxconn's manufacturing capacity, he added.


IDG UK Sites

Windows 9 release date, price, features: Microsoft teases new OS ahead of 30 September unveiling

IDG UK Sites

From the iPhone 6 to the iWatch and a new Apple TV we look at the products Apple is set to launch...

IDG UK Sites

September 2014 creative trends: 5 things you must see

IDG UK Sites

What to expect from Apple in autumn/winter 2014: iPhone 6, iPhone Air, iWatch, iPad 6, new Apple...