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Paper said:Foxconn subscribes to Lytro fund-raising project

Foxconn Electronics reportedly has participated in the latest round of a fund-raising project initiated by US-based light field camera maker Lytro, according to a Chinese-language Commercial Times report.

Lytron aims to raise US$60 million in new capital via the fund-raising plan, said the paper, indicating that participants of the project also include Singapore-based investment firm EDBI and China-based Huayi Media.

In addition to catering to the smartphone sector, light field cameras can also be used in VR, AR (augmented reality) and industrial applications, said the paper.

Taking a stake in Lytro is part of Foxconn's deployment in the camera module sector. Earlier, Foxconn joined in a fund-raising project tendered by Israel-based Corephotonics, which specializes in dual-lens cameras, noted the paper.