Foxconn pays $200M for 9 percent stake in action camera company GoPro
- 21 December, 2012 09:45
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.
