Google has agreed to acquire a stake in Ennoconn Corp (樺漢科技), an industrial computer subsidiary of Hon Hai Precision Industry Co (鴻海精密), at a time when the global tech sector has set its sights on opportunities resulting from the metaverse concept.
Ennoconn said in a statement on Tuesday that a board meeting decided to offer Google a 4.6 percent stake — the third-largest of an institutional investor — via private placement.
Analysts have said that Ennoconn’s product line of servers and gadgets used for 5G applications, data centers and the Internet of Things leaves it well positioned to profit from the so-called