Foxconn to replace some workers with 1 million robots within 3 years

“Taiwanese technology giant Foxconn will replace some of its workers with 1 million robots in three years to cut rising labor expenses and improve efficiency, said Terry Gou, founder and chairman of the company, late Friday,” Xinhua News reports.

“The company currently has 10,000 robots and the number will be increased to 300,000 next year and 1 million in three years, according to Gou,” Xinhua News reports. “Foxconn, the world’s largest maker of computer components which assembles products for Apple [and other companies]… currently employs 1.2 million people, with about 1 million of them based on the Chinese mainland.”

Full article here.

[Thanks to MacDailyNews Readers “Fred Mertz” and “Edward W. for the heads up.]

44 Comments

  1. Although China’s labor cost is in upward trend at an increasing rate, China still present a HUGH opportunity for AAPL (and others)

    If AAPL able to bring iPhones and iPads to the remaining 2 China telecommunication companies (however all 3 are owned by China’s Communist Party!!), AAPL shareholders will be rewarded extremely handsomely 🙂

  2. Working an assembly line is a mind numbing experience. If you have ever done it you know what I mean. I’ve always felt sorry for Foxconn and other assembly line workers who do the same thing over, and over, and over, and over and over all day long.

    Loosing your job, something I also know about first hand, is not desirable either.

  3. Slightly worrying, this trend. Where do people of the future earn their living, to buy the stuff the robots make? We can’t all work in software, Sainsburys supermarket or Starbucks… back to the land maybe?

      1. No, can’t do that either. Coal is a fossil fuel and will be made too expensive by the Cap and Trade Bill and the EPA when electricity rates “necessarily skyrocket”.

        1. Coal is already too expensive to compete with natural gas. EPA regulations are making both fuels more expensive, but gas would have an even bigger advantage in a free market.

    1. Legit question. Economics boils down to three factors: Land, Labor and Capital. Historically, Land has been owned by a few, Capital by even fewer and the vast majority of us have been Labor. Despite drawing minute distinctions (i.e. is the hourly worker in a bank part of Capital or Labor?), it is pretty much the same today. Where do we (Labor) go in a world where much labor is provided by machines? Some of us will tend the machines, but where are the limits of how much the machines produce and who will be able to consume that much stuff? I’m seeing shorter work weeks and more public services. WWJWD? (What Would John Wayne Do?) Ride off into the sunset, clean his guns, pray? Tough questions. Much more important than gay marriage.

      1. Marion would hide under the bed during wartime, then appear on screen 30 feet high defeating entire countries single-handed while berating children for not voluntarily turning themselves into cannon fodder for Exxon.

  4. The Taiwanese company, which manufacturers laptops, mobile devices, and other hardware for Apple, Hewlett-Packard, Dell, and Sony, plans to replace factory workers with more than 1 million robots, according to a state news agency Xinhua report. Terry Gou, founder and chairman of the company, told employees at a dance Friday that the move is designed to improve efficiency and combat rising labor costs.
    http://www.technews5.com/2011/08/foxconn-to-work-with-1-million-robots.html

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