Hon Hai Precision Industry Co (鴻海精密) yesterday announced a strategic partnership with British medical device start-up GyroGear Co, as the world’s largest contract electronics maker aims to manufacture GyroGear’s flagship product, the GyroGlove.
Hon Hai would invest ￡1 million (US$1.38 million) in GyroGear to acquire one seat on the firm’s board of directors, the world’s largest contract electronics maker said.
The GyroGlove is the first wearable medical device developed for people with hand tremors, such as those with Parkinson’s disease or essential tremor disorder, Hon Hai said in a statement.
Photo courtesy of Hon Hai Precision Industry Co
More than 200 million people worldwide frequently experience hand tremors, and more than half of them live in Asia, the company said.
According to the British firm’s Web site, GyroGear founder Faii Ong developed the idea of the GyroGlove as a medical student when he noticed that older people with hand tremors had problems eating, and their health deteriorated due to malnutrition.
“It functions exactly like a top,” Ong said in an interview with Channels Television, describing the gyroscope positioned in the GyroGlove. “Just as the top spins, it tries to stay upright. In the same way, the glove counteracts your hand tremors.”
A Channels Television video showed a patient with essential tremors paint her nails with the aid of the wearable device, even though the GyroGlove, according to the company, is still in development and not yet market-ready.
“We believe that our collaboration with Hon Hai will help tremor patients in Asia,” Ong said.
Hon Hai said that the partnership would strengthen its presence in the medical-device industry.
It would also help Hon Hai “align with our core mission of making people’s lives better through the power of technology,” the company said.
Hon Hai added that it would obtain exclusive rights to produce and sell the wearable glove in Asia.
The two firms are also collaborating to establish a research-and-development facility in Taiwan focused on software and hardware, Hon Hai said.
The investment is part of Hon Hai’s bid to explore sources of growth and expand from manufacturing to hardware and software integration.
Elon Musk’s lieutenants have reached out to chip industry suppliers, including Applied Materials Inc, Tokyo Electron Ltd and Lam Research Corp, for his envisioned Terafab, early steps in an audacious and likely arduous attempt to break into the production of cutting-edge chips. Staff working for the joint venture between Tesla Inc and Space Exploration Technologies Corp (SpaceX) have sought price quotes and delivery times for an array of chipmaking gear, people familiar with the matter said. In past weeks, they’ve contacted makers of photomasks, substrates, etchers, depositors, cleaning devices, testers and other tools, according to the people, who asked not to
Taiwan is attracting a growing number of foreign jobseekers as companies increasingly recruit overseas talent to ease labor shortages and expand global reach, recruitment platform 104 Job Bank (104人力銀行) said yesterday. More than 40,000 foreign nationals searched for jobs in Taiwan through the platform last year, a 28 percent increase from a year earlier, the company said. Malaysians accounted for the largest share of overseas jobseekers at 12.2 percent, followed by Indonesians at 11.9 percent and Vietnamese at 10.8 percent. Indonesian applicants surged more than 50 percent year-on-year, while Vietnamese jobseekers rose by more than 30 percent. Applicants from the
NO SHORTCUTS: Asked about Elon Musk’s Terafab initiative, TSMC CEO C.C. Wei said it takes two to three years to build a fab and another one to two to ramp it up Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday raised its revenue growth forecast for this year to above 30 percent, up from the 25 percent it estimated three months earlier, citing extremely robust artificial intelligence (AI)-related chip demand. “Our customers and customers’ customers, who are mainly cloud service providers, continue to send us very positive signals and outlook,” TSMC chairman and CEO C.C. Wei (魏哲家) said at an earnings conference. The company also hiked its capital expenditure for this year toward the higher end of its forecast, or US$56 billion, as it aims to step up advanced chip capacity expansions, such as
The founder of Chinese property giant Evergrande Group (恆大集團) has pleaded guilty to charges of fraud and bribery, a court said yesterday, the latest blow for what was once the country’s leading developer. Evergrande’s rise was propelled by decades of rapid urbanization and rising living standards, but in 2020, its access to credit dramatically narrowed when the government introduced curbs on excessive borrowing and speculation. The company defaulted in 2021 after struggling to repay creditors. Founder Xu Jiayin (許家印), 67, known as Hui Ka Yan in Cantonese, was reportedly held by police in 2023, with Evergrande saying he had been subjected to
RSS