Google invests $40 million in Foxconn's Ennoconn to enter metaverse market jointly

Asian Tech Press (Jan 05) -- Ennoconn, a subsidiary of Foxconn Technology Group, has disclosed that Google has spent $40 million to acquire 4.6% of its equity, making it the third-largest corporate shareholder.

Both parties will join hands to enter the metaverse market. Mr. Young Liu, Chairman of Foxconn, pointed out earlier that Foxconn will have metaverse-related products. Foxconn Industrial Internet, a subsidiary of Foxconn, has mastered nearly 100 patents for "metaverse-related smart wearable devices." More than one-third of the patents are related to VR/AR technology.

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