Foxconn Invests $200 Million In GoPro

Posted by timothy on Saturday December 22, 2012 @08:43PM from the best-way-to-document-an-avalanche dept.

MojoKid writes "The initial wearable cameras [GoPro founder Nick] Woodman created to capture action shots as they happened used 35mm film, but his company's cameras have evolved into highly durable, HD vid-cams that are sought after by amateurs and extreme sports stars alike. It turns out Foxconn digs what GoPro has designed as well. The giant Taiwanese manufacturer just bought a significant stake in Woodman Labs, making Nick Woodman a billionaire in the processes. Taiwan-headquartered electronics manufacturer Foxconn (also known as Hon Hai Precision Industry Co.), purchased an 8.88% stake in Woodman Labs for $200 million, valuing the San Mateo, Calif. company at $2.25 billion."

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Hidden in the chips by spaceman375 · 2012-12-23 02:55 · Score: 1, Flamebait

It appears that Big Brother's ubiquitous eyes will be slanted. They'll be sending frames to china every time they get net.

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On the one hand you take life too seriously, and on the other, you do not take playful existence seriously enough. Seth