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Foxconn Buys 9% of GoPro, Slowly Morphs From Contracted Manufacturer Into Owner

photoxels
2012-12-26
1 min read

Foxconn, the Taiwanese manufacturing giant famous for its production of Apple products (and an estimated 40% of the world’s consumer electronics gadgets), announced Thursday that it has bought a 9% stake ($200 million) in much-buzzed-about camera maker GoPro (valued at $2.25 billion). In March, Foxconn became Sharp’s largest shareholder with an $800 million investment in the Japanese tech giant.

via CNN

 

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