The iPhone assembler plans to collaborate with premium camera maker RED Digital Cinema to create a professional 8K camera and expand its already-operating display manufacturing facilities and Sharp's semiconductor business.
In his opening speech at the annual staff meeting, Foxconn chairman Terry Gou said: 'We are going to create a camera that will shoot professional-quality movies at 8K resolution, at a price that's only a third of the current price.
He said: 'Not only monitors, Sharp also controls the important chip technologies of various image sensors for digital cameras and TVs, we will certainly make good use of these chips and make more image sensors.' We will make these semiconductors even more Cheaper and this is an important target and a project for this year. "Young Liu, a member of the board of directors of Sharp and a vice president of Hon Hai Semiconductor, is pushing a technological breakthrough in optical sensors in 8K cameras, which will make the technical problems even smaller.
Taiwanese companies are building large-scale displays in the United States and China and are looking for new sources of revenue to make up for the weakening demand for smartphones while reducing their business dependence on Apple, which accounts for more than 50% of sales.
RED Digital Cinema is currently available for cameras used in the filming industry and RED's 8K camera is now selling for about $ 30,000.
In the display business, Foxconn has partnered with Innolux, Sharp and Japan Sakai Display Products Co., Ltd. In November, Guo signed an agreement with Wisconsin Gov. Scott Walker to establish a value in the Midwest $ 10 billion LCD panel plant in exchange for $ 3 billion in tax breaks and other incentives Wisconsin's 'smart' manufacturing facility will focus on 5G connectivity devices and 8K-resolution displays Foxconn plans to host there by the end of April A groundbreaking ceremony.
The company is also building another large-scale LCD television screen factory in southern China, scheduled to be commissioned by 2020.
Foxconn also plans to transition from traditional manufacturers to cloud computing, big data and artificial intelligence service providers over the next three years.
To fund these new investments, Foxconn Industrial Internet (FII) will be listed on the Shanghai Stock Exchange.
FII's major customers include Apple, Amazon, Cisco, Dell, Hewlett-Packard, Huawei and Lenovo.