tiprankstipranks
Advertisement
Advertisement

Goertek tightens grip on Meta’s AI glasses supply chain, FT reports

Chinese hardware maker Goertek is strengthening its grip on Meta‘s AI glasses supply chain, including making “Hypernova,” through a series of dealmaking, Hannah Murphy and Eleanor Olcott of The Financial Times report. The Chinese hardware supplier’s dealmaking includes taking control of Shanghai OmniLight, which makes micro-nano optical devices used in smart glasses, and helping to finance a takeover of optics supplier Plessey, according to the report.

Claim 55% Off TipRanks

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1