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.

Join the PC World newsletter!

Error: Please check your email address.

Tags Foxconn Electronicsbusiness issuesconsumer electronicsTVsinvestments

Struggling for Christmas presents this year? Check out our Christmas Gift Guide for some top tech suggestions and more.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Michael Kan

IDG News Service

Most Popular Reviews

Follow Us

Best Deals on GoodGearGuide

Shopping.com

Latest News Articles

Resources

GGG Evaluation Team

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Latest Jobs

Shopping.com

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?