Foxconn, with an approximate valuation of $90 billion, is known for manufacturing components for technology giant Apple.<\/p>\n\n\n\n The company is now gearing up to integrate various products into its metaverse strategy, including cloud and data centers, wearable devices, semiconductors, and micro LED displays.<\/p>\n\n\n\n In a significant development, Foxconn is set to receive an investment of around $39.8 million from Google for its computer hardware subsidiary, Ennoconn Corporation.<\/p>\n\n\n\n This investment underscores the companies’ shared objective of collaborating on additional metaverse projects, particularly in Taiwan.<\/p>\n\n\n\n Moreover, Foxconn’s founder, Terry Gou, held a virtual event in November, where he used an avatar to present the company’s plans in e-vehicles and the metaverse.<\/p>\n\n\n\n This move highlights Foxconn’s embrace of virtual technology and its commitment to being a part of the growing metaverse trend.<\/p>\n\n\n\n Foxconn (Hon Hai Precision Industry Co., Ltd.)<\/strong> is a Taiwanese multinational electronics contract manufacturer. It is the largest electronics manufacturer in the world<\/strong> and one of the largest employers globally.<\/p>\n\n\n\n Beyond Electronics:<\/strong> In recent years, Foxconn has also been expanding into new fields, including electric vehicles (EVs), AI servers, and semiconductors.<\/p>\n\n\n\n What It Does:<\/strong> Foxconn does not sell products under its own name. Instead, it is the manufacturing partner for most of the world’s largest technology companies.<\/p>\n\n\n\n Famous For:<\/strong> It is best known as the primary manufacturer of Apple<\/a><\/em>‘s iPhone<\/strong>.<\/p>\n\n\n\n![\"\"](\"https:\/\/metaverseplanet.net\/blog\/wp-content\/uploads\/2023\/11\/Foxconn.webp\")
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\n\n\n\nABOUT Foxconn<\/h2>\n\n\n\n