Internet search engine giant Google is set to invest in Foxconn's subsidiary, Ennoconn Corporation for a metaverse -related project in Taiwan.
It’s not clear how much Google allocated to the project but the giant received a 4.6% stake in Ennoconn, making it the third -largest holder of a Foxconn subsidiary.
Indirectly, this investment shows a positive signal about the metaverse from one of the world’s largest companies.
Ennoconn products such as providers, tools for 5G applications and the Internet of Things, make Google the greatest player in the metaverse space.
Foxconn itself regards them as innovators in the field of electric and metaverse transportation.
For example in November, its founder Terry Gou has emerged as an avatar in a virtual in-program demonstrating e-transportation and the direction of the metaverse.
Meanwhile in 2017, Google made a partial purchase of HTC’s device business worth $ 1.1 billion.
HTC is a consumer electronics company that focuses on virtual reality (VR) devices and has opted for Taiwan to develop its metaverse industry.
