Foxconn has confidence in the IP auction format, says man charged with monetising the company's porfolio 17 Sep 15
Hon Hai/Foxconn Group chairman and founder Terry Gou suggested earlier this year that his company had been filing too many patents – and the Taiwanese manufacturing giant is now clearly exploring novel ways of generating extra cash from the extensive IP holdings that have resulted from this volume-based approach to procurement. Having previously sold patents to Google in 2013 ansd 2014, Want China Times reports that, earlier this month, the company placed 1,400 IP portfolios covering electronic components technology up for sale on WTOIP, a China-based online IP trading platform that formed a partnership with US counterpart AutoHarvest back in March.
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