Foxconn Technology Group plans to close inefficient subsidiaries at Sharp after completing its $3.5 billion acquisition of the unprofitable Japanese electronics maker.
The firm ends manufacturing deals with Foxconn and Arima due to lack of fiscal incentives and the country's current economic scenario Sony has decided to stop manufacturing smartphones in Brazil due to lack of fiscal incentives and the...Show More Summary
The iPhone 7 will likely end up being very similar to the iPhone 6s in terms of overall design. But existing leaks suggest there are plenty of significant differences, including redesigned antennas on the back, a new home button concept, the exclusion of a headphone jack, and new cameras on both the 4.7-inch and the 5.5-inch iPhones. Show More Summary
With WWDC 2016 about to kick off, there's more bad news for the iPhone.
The chairman of Hon Hai -- better known as Foxconn -- is reportedly telling subordinates that demand for Apple iPhones will stay weak until early next year, despite an anticipated fall launch for new models.
A couple of weeks after suggesting that Apple is moving to a three-year cycle on major iPhone updates, Nikkei is back with another pessimistic report. Citing an unnamed source ‘at a major supplier,’ the piece predicts that total iPhone...Show More Summary
There is no need to worry about whether robots might start taking our jobs. It's already happening. Three of the world's 10 largest employers are already replacing tens of thousands of their workers with robots: Foxconn, a key manufacturing...Show More Summary
Reuters said last week that Apple was planning a $1B bond launch in Taiwan – home to iPhone assembler Foxconn – and it now reports that the sale has gone live. more… Filed under: AAPL Company
If an unconfirmed Reuters report is correct, Apple could be tapping Taiwan for more than just components and assembly – it is also looking to raise capital from the island. Apple Inc plans to issue bonds in Taiwan for the first timeShow More Summary
The South China Morning Post reports that iPhone maker Foxconn has replaced more than half of its workforce with robots since the launch of the iPhone 6. The figures were provided by the local government in Kunshan, where the company is based. Show More Summary
Foxconn Technology Group has become the latest in a str […]
The robots are coming; heck, in many heavy manufacturing industries, they’re already here. Last year infamous tech manufacturing giant Foxconn announced a plan to heavily automate its workforce, and this week we got the first signs that Apple and Samsung’s chief manufacturing partner has initiated its promised robot revolution, with reports that it has replaced upwards […]
YouTube Apple and Samsung supplier Foxconn has let go of some 60,000 workers and replaced them with robots, according to reports. According to a government official quoted in the South China Morning Post, one of the factories run byShow More Summary
Foxconn has been designing robotic arms for use in its factory for years, but the precision wasn’t good enough for them to fully replace workers until now. In one of its factories, Foxconn […]
Foxconn, supplier for tech giants Apple and Samsung, reportedly replaced 60,000 factory workers with robots.
A former Foxconn executive explains why media reports heralding a robot takeover are overblown.
We for one welcome our new robotic underlings. [ more › ]
The rise of automation and the dawn of robots in manufacturing is now becoming so mainstream that its no longer a ‘futuristic’ proposition. In one of the largest terminations ever recorded in human history, iPhone manufacturer Foxconn has decided to fire 60,000 employees in one single go. Show More Summary
The Foxconn Technology Group (Hon Hai Precision Industry Co.), an Apple Inc. supplier, has replaced 60,000 factory employees with robots, the MarketWatch reports citing Chinese media.
Sixty thousand Chinese workers have been replaced by robots at Foxconn since the iPhone 6 launch in 2014. The company joins Wendy’s, McDonalds and Adidas who are all getting rid of human workers in favor of robots. Apple and Samsung supplier Foxconn has “reduced employee strength from 110,000 to 50,000 thanks to the introduction of... Show More Summary