Tuesday February 13, 2018

Foxconn Looking to Expand to Digital Cinema Cameras

In a report from Nikkei, Foxconn wants to reduce it's dependency on Apple because of weakening smartphone demand, and plans to expand into the manufacture of semiconductors for displays, and professional quality cinema cameras. Foxconn Chairman Terry Gou told reporters in Taipei after the company's annual employee party "We will make cameras that will shoot professional-quality films in 8K resolution but at only a third of current prices and a third of current camera sizes."

News Image

The article also states that Gou said he has been in talks with RED Digital Cameras about forming a joint venture or partnership to produce affordable cameras. While I can see Foxconn's need to expand, I think the high end digital cinema camera market may be a bit too niche to really bolster profits.

Foxconn's move is part of an effort to build a corporate ecosystem related to displays and videos. Gou said his company is basing its strategy on the display manufacturing facilities it already operates and its 2016 acquisition of Sharp's semiconductor business, which will be expanded this year.