Google Inc has purchased patents for wearable technology from Taiwan’s Hon Hai Precision Industry Co, which is known as a primary assembler for most devices of Apple Inc. The transaction cost was not disclosed. Both companies also refused to expound on more details of the deal.
However, in a statement, Hon Hai revealed that the patents it just sold to Google included a head-mounted screen technology that comprises of computer-generated images superimposed on real-world view. Many analysts quickly related the acquisition to the Google Glass, Google’s new headset that would put a small computer screen just above a wearer’s eye. The device is currently being tested but it is expected to be released in 2014.
Google on acquisition spree in Taiwan
Google is yet to formally announce what its plans are for the recently acquired patents. Last July 22, the company bought a 6.3% interest in the display business of another Taiwanese firm, Himax Technologies Inc. Himax is known as a maker of chips, which could possibly be used as a component for the Google Glass headset.
A research analyst from Taiwan’s First Capital Management Inc shared his views on the previous transactions. According to Edward Chen, the past deals may facilitate leveraging of Google’s strength in content production. Those may possibly be part of strategies in developing and building wearable computing devices.
Hon Hai Precision
In its statement, Hon Hai said it has no idea what Google plans to do with the patents it acquired from the company. Some analysts clarified that reports that Google would use the technologies for the assembly of its Google Glass are still speculative.
Hon Hai is known in the market as an assembler of Apple’s iPads and iPhones. Recently, it announced that it would hire an additional 90,000 workers at its Zhengzhou and Shenzhen facilities to meet demands from clients this coming fourth quarter. It refused to disclose the identities of any of those clients.
The company also revealed that after the sale of some patents to Google, it would continue to focus on development of new technology. Hon Hai is considering concentrating on e-commerce and intellectual property rights at the same time. It hinted plans to lower its reliance on its partner, Apple. At the moment, Hon Hai has received approvals for up to 5,000 patents globally, from its application for about 55,000 patents.
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