Hon Hai Technology Group, the parent company of Foxconn, recently announced the signing of a memorandum of cooperation with the meta-universe manufacturer XRSPACE, in the future Hon Hai Technology will invest 100 million US dollars in XRSPACE, and the first phase will invest 15 million US dollars to obtain the equity of XRSPACE.
It is reported that Hon Hai Technology Group has been making a high-profile layout in the meta-universe field, and its upstream and downstream hardware industry ecological chain has been gradually improved from lenses, 3D projectors, optical lenses, display light sources, chips, sensors, PCBs, shell mechanisms, AR/VR to cloud servers, cloud storage, cloud computing, etc. At the same time, the subsidiary Ennoconn also received a large investment from Google at the beginning of this year, and also said that it would expand its layout in the metaverse.
It is understood that XRSAPCE was founded in 2017 by former HTC co-founder and CEO Zhou Yongming, committed to building a meta-universe platform, providing functions including shareable 3D space, user group or virtual person social, real-time 3D interaction, creator content, blockchain economic transactions, entity to virtual / virtual to entity, support for different hardware devices, etc.
XRSAPCE made its public debut in 2019, and launched its first XR product, XRSpace MOVA, as well as the XR social platform MANOVA, in May 2020, and the online virtual exhibition platforms GOXR and PartyOn Virtual Music World in 2021.
Hon Hai said that Hon Hai's development strategy for the metacosmology will develop in the direction of platformization, with layouts in five major areas such as AR/VR, software, infrastructure, content and application, etc. In the future, Hon Hai will combine the design and manufacturing capabilities of Hon Hai in the vertical integration of software and hardware platforms and the virtual space scanning and interaction, visual operation, rendering, gesture interaction and holographic tracking, artificial intelligence and other technologies owned by XRSPACE, so as to establish a complete metaversic ecosystem.