Google Buys Batch of Tech Patents from Foxconn
Published on: 28th Apr 2014
Note -- this news article is more than a year old.
Taiwan headquartered Foxconn, which operates huge factories in China for assembling consumer electronics has sold a batch of key patents to Google.
Although the company is best known for assbling Apple's iPhone and other consumer goods, it has a sizeable R&D capability of its own and is said to be one of the top-20 patent holders in the USA.
In a statement, the company said it has applied for 128,400 patents and has been granted more than 64,300 patents world-wide.
The scope of the latest patent sale to Google is however unknown. It simply confirmed that they are related to communications technology.
This is its second sale of patents to Google in recent months.
Foxconn simply added that it would continue to invest in technology research and development, "transforming such investments into valuable intellectual property assets"