Friday, August 23, 2013

Hon Hei (Foxconn) sells Wearable Technology Patents to Google

Hon Hai Precision Industry Co. released a statement today, saying that it has sold a portion of its patent portfolio to Google Inc., as part of its business strategy.

Hon Hai, also known as Foxconn, a key Apple Inc. (APPL) supplier. Foxconn confirmed on Friday it had sold technologies to Google that generate "a virtual image and is superimposed on a real-world view," according to The Wall Street Journal.
Financial terms of the deal were not disclosed.
Foxconn said the patents were “commonly used in aviation and tactical/ground displays, engineering and scientific design applications, gaming and video devices as well as training and simulation tools”.


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