Foxconn has broken ground on the construction of a research and development unit that is tasked with building the company an empire of robots, reports AFP.
The project, which is initially forecast to cost the Taiwan-based Hon Hai Precision Industry Tw$6.7 billion ($223 million), was unveiled Saturday when Terry Gou, chairman of the conglomerate, broke ground for the construction of a research and development unit in Taichung, central Taiwan.
"The investment marks the beginning of Hon Hai’s bid to build an empire of robots," the Central Taiwan Science Park authorities said in a statement.
Foxconn plans to replace 500,000 workers with robots, in part because of a rash of suicides that have plagued the company recently. - Source
Here it is in action, as you can see how efficient it is. Sad to see so many jobs go. It’s scary to think we’re competing with robots now.