Foxconn, the world’s largest manufacturers of electronics, says it plans to connect its supply chain partners’ industrial data within the next three years and develop 8K-resolution products to speed up the firm’s corporate transformation, chairman Terry Gou said February 11^th.

Gou is chairman of Hon Hai Precision Industry, the owner of the Foxconn brands, and speaking at the company’s annual staff ‘carnival day’ he explained that between now and 2020 the company would open its $10 billion plant in Wisconsin (during April 2018) and that further expansion was in the company’s plans, in Europe, India and South-East Asia over the next few years. The focus was on 5G-compatable products and 8K displays, he said.

According to Reuters, Gou and Sharp Corp’s president/CEO Tai Jeng-wu have been promoting 8K-resolution products in the belief that the wide use of 8K-resolution displays, cameras and content would play a crucial role in collecting and analysing big data.

Hon Hai/Foxconn is also in talks with high-end camera manufacturer RED and which worked with Netflix  to shoot political drama House of Cards in 4K, to invest in RED or set up a joint venture to develop 8K products, Gou said, without elaborating.

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