Goertek leads way in VR
Staying ahead
Goertek, a key acoustic product manufacturer known to supply some of the world's leading companies, saw its annual compound growth rate of net profit reach 75 percent between 2010 and 2014. However, with the slowdown in the smartphone and tablet markets, the company's growth rate also slowed down in 2015.
"Goertek benefited from its big clients strategy," Jiang said. "However, we have been looking for other ways out."
The management at Goertek believes that development and applications of new technologies such as VR and artificial intelligence in different fields will strongly support its growth in the coming years.
In 2016, the company expanded its product portfolio from acoustics to robotic and automation products, AI, VR and AR, smart wearable products, among other things.
Goertek also established close relationships with global leading smart technology developers aiming to support its industrial market and transformation plans.
This year, Goertek entered into a strategic relationship with United States' Kopin by acquiring a 10.1 percent stake in the company in April, becoming the largest shareholder. The partnership will enhance Goertek's competitiveness in the wearable devices sector.
In 2015, it acquired AM3D, a Denmark company specializing in 3-D audio technology development, to provide more advanced solutions to its VR businesses.
In 2014, Goertek acquired Denmark's Dynaudio Holding to strengthen its position in the high-end speakers market.