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Foxconn replaces 60,000 humans with robots in China

#artificialintelligence

The first wave of robots taking over human jobs is upon us. Apple Inc. AAPL, 0.79% supplier Foxconn Technology Co. 2354, 0.14% has replaced 60,000 human workers with robots in a single factory, according to a report in the South China Morning Post, initially published over the weekend. This is part of a massive reduction in headcount across the entire Kunshan region in China's Jiangsu province, in which many Taiwanese manufacturers base their Chinese operations. In a statement to MarketWatch, Foxconn Technology Group confirmed that it has been automating its manufacturing facilities throughout China, including Kunshan, for "many years," which it says has freed up its employees to focus on higher value-added elements of the manufacturing process, such as research and development, process control and quality control. "Across all of our facilities today, we are applying robotics engineering and other innovative manufacturing technologies to replace repetitive tasks previously done by employees," Foxconn said.


Foxconn replaces 60,000 humans with robots in China

#artificialintelligence

The first wave of robots taking over human jobs is upon us. Apple Inc. AAPL, 0.79% supplier Foxconn Technology Co. 2354, -0.27% has replaced 60,000 human workers with robots in a single factory, according to a report in the South China Morning Post, initially published over the weekend. This is part of a massive reduction in headcount across the entire Kunshan region in China's Jiangsu province, in which many Taiwanese manufacturers base their Chinese operations. In a statement to MarketWatch, Foxconn Technology Group confirmed that it has been automating its manufacturing facilities throughout China, including Kunshan, for "many years," which it says has freed up its employees to focus on higher value-added elements of the manufacturing process, such as research and development, process control and quality control. "Across all of our facilities today, we are applying robotics engineering and other innovative manufacturing technologies to replace repetitive tasks previously done by employees," Foxconn said.


Foxconn replaces 60,000 humans with robots in China

#artificialintelligence

The first wave of robots taking over human jobs is upon us. Apple Inc. AAPL, 1.76% supplier Foxconn Technology Co. 2354, -0.41% has replaced 60,000 human workers with robots in a single factory, according to a report in the South China Morning Post, initially published over the weekend. This is part of a massive reduction in headcount across the entire Kunshan region in China's Jiangsu province, in which many Taiwanese manufacturers base their Chinese operations. Roughly 600 companies are reportedly looking to reduce headcount with robots, as part of an effort to accelerate growth and reduce costs, according to the Chinese newspaper, which cited data from the Kunshan government. Last year, 35 Taiwanese companies, including Foxconn, spent a total of 4 billion yuan ( 610 million) on artificial intelligence as part of this initiative, according to the report.

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Foxconn replaces 60,000 human workers with robots

Engadget

Although Foxconn confirmed to the BBC that it was working to automate much of its manufacturing operations, the company denied that the new robotic assembly line would mean fewer jobs for humans. Instead, the company says it is simply using the machines to "replace repetitive tasks previously done by employees" while allowing those employees to focus on more valuable parts of the manufacturing process like R&D and quality control. "We will continue to harness automation and manpower in our manufacturing operations," Foxconn told the BBC, "and we expect to maintain our significant workforce in China." Meanwhile, the South China Morning Post also reports that 35 Taiwanese companies including Foxconn have spent a total of 4 billion yuan (or about 609 million USD) on artificial intelligence last year. Many of those companies employ tens of thousands in Kunshan, where two-thirds of the 2.5 million people are migrant workers. According to a government survey, 600 companies in Kunshan plan to follow Foxconn's lead.

  Country: Asia > China (0.53)
  Industry: Law (0.43)

China Is Executing To Plan: Foxconn Replaces 60,000 Workers With Robots

#artificialintelligence

Last month we discussed the fact that officials had approved the latest Five Year Plan for China's economy. The ultimate goal of the plan is to overtake Germany, Japan, and the United States in terms of manufacturing sophistication by 2049, the 100th anniversary of the founding of the People's Republic of China. To make that happen, the government needs Chinese manufacturers to adopt robots by the millions. It also wants Chinese companies to start producing more of these robots,, and to enable that there is an initiative making billions of yuan available for manufacturers to upgrade to technologies including advanced machinery and robots. The manufacturing hub for the electronics industry, Kunshan, in Jiangsu province is proving that that initiative is well underway.

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  Industry: Banking & Finance > Economy (0.54)