Foxconn Electronics has increased investment in its robot development subsidiaries in Shenzhen, China, for 10.39 billion yuan (1.51 billion US dollars), according to a new report.
Foxconn has created a stock exchange program between its subsidiaries in Hong Kong and China in an attempt to further develop robotics products, according to Taiwan's Digitimes Web site.
These steps are expected to help Foxconn adopt more robotic products and applications, helping Foxconn to enter and compete in this area, especially as there are many major competitors.
Foxconn plans to rely entirely on machinery in its factory in China, where the company is seeking to develop a plan based on the transition from human labor to the mechanisms in full in three different stages, said Dai Jia Bing, The development of machine technology in Foxconn.
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