According to foreign reports, Hon Hai's venture capital participates in the A round of fundraising of Japan's virtual reality (VR) startup FOVE, and Hon Hai Group will extend its reach to VR. The market expects that with the continuous expansion of VR applications and the deepening of the business of telecommunications and cloud in Hon Hai, the application of VR in the future group is expected to be implemented in the fields of education and medical care.

According to foreign reports, FOVE's total fundraising amount is only 11 million US dollars (about NT$350 million). Samsung's venture capital fund also participates in capital injection. FOVE has not announced how much money Hon Hai and Samsung each invested.

The industry believes that FOVE's fundraising amount is not large, but it can make Hon Hai and Samsung both willing to inject capital. In addition to the FOVE market outlook, it also reveals that VR is already a “new show” in the technology industry, attracting The major manufacturers invested.

How big is the VR business opportunity? The Tektronix Industrial Research Institute, a division of TrendForce, estimates that the global VR hardware and software installations will reach US$6.7 billion in 2016 and will grow to US$70 billion in 2020.

It is reported that Hon Hai will not only pay for this investment case, but also will produce a VR headset for FOVE. It is expected to come out this fall. FOVE said in the press release that Hon Hai has invested in its venture capital fund 2020 to assist FOVE in the mass production of its VR HMD (Head-mounted Display) products.

FOVE said that the funds raised this time will be mainly used for mass production of its VR head-mounted display devices. The FOVE fundraising case was also funded by the famous Japanese game publisher Colopl. In the future, Colopl will develop VR application content for FOVE.

According to foreign reports, FOVE's technology lies in the user's vision in the VR environment. Just like naked eyes in the natural environment, you can feel the depth of field. It doesn't feel like other VR helmets. It feels like your face is close to the TV. Same as the front of the screen.

FOVE stressed through the press release that the company is confident enough to compete with other well-known VR products.

Technology giants put into the VR field

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