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Chairman of Foxconn: Will expand the metaverse layout through investment and mergers

According to Taiwan Economic Daily, Liu Yangwei, chairman of Foxconn, revealed that he will expand the scope of AR, VR (virtual reality) and MR (mixed reality) through investment and acquisition of AR (augmented reality) glasses supplier Zuozhen. reality) business.

Foxconn

Taiwan media pointed out that Zuozhen is one of the companies developing AR-related applications. It has invested in the development of AR smart glasses for more than nine years and has entered the medical market, allowing AR glasses applications to enter the smart medical field from smart factories, smart retail, and smart medical fields.

Liu Yangwei pointed out that the global ICT (information and communication industry) market has matured, but AI services, that is, the trend driven by ChatGPT has created many new applications, which not only pushes up the demand for cloud servers, but also reduces the cost of the Metaverse, and has great impact on electric vehicles, Self-driving systems, etc. bring business opportunities for data storage.

According to reports, in the field of Metaverse, Foxconn has not only assisted customers in product development, but also initially completed related layouts, including investing in Metaverse application software company XRSPACE, Finnish company Varjo, a high-end VR/MR company, and Zuo Zhen, which focuses on AR glasses.

In addition, Liu Yangwei said that the application of general artificial intelligence and generative AI will reduce the cost of generating metaverse content, accelerate the development of the metaverse, and allow more brand customers of Foxconn to launch more VR, MR, and AR products. Foxconn will strengthen the content of AR glasses this year and should be able to grasp the growth opportunities brought by new applications and technologies.

Financial data show that in the first two months of this year, Foxconn’s cumulative revenue was NT$1,062.4 billion (currently about RMB 239.04 billion), a year-on-year increase of 17.94%, which is a new high for the same period of the year.

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Stephen Cruise
Stephen Cruisehttps://www.techgoing.com
Stephen Cruise is a senior editor covering latest smartphones, EVs, PC gaming, console, and tech with 11 years of experience.

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