July 30, 2014

Google acquires Foxconn portfolio for undisclosed amount

Foxconn-Logo

It was announced on Friday that Google had purchased a number of “Communications Technology” patents from Foxconn. The company, which is based in China, manufactures hardware for a number of companies, including Apple. Reportedly, the deal centers around Foxconn’s (AKA Hon Hai Precision Industry) patents; the WSJ indicates Foxcoon is one of the top patent holders in the world.

 

WSJ (Subscription req’d)