Robots are to be the focus of the Hon Hai Group’s (鴻海) strategic development, and the company is to focus on Internet of Everything (IoT) key technologies, the group’s chairman Terry Gou (郭台銘) said.
In an interview with Chinese media on Tuesday, Gou said that the introduction of “industrial robots” to the manufacturing sector was an irreversible trend, but would not reduce the number of workers employed in factories.
He said robots are the focus of the company’s strategic development and that Hon Hai, also known as the Foxconn Technology Group (富士康), would take robotic services internationally in cooperation with China’s Alibaba Group Holding Ltd (阿里巴巴) and Japan’s SoftBank.
Gou made the remarks prior to attending yesterday’s World Internet Conference in Wuzhen, Zhejiang Province.
The theme of the event is “An Interconnected World Shared and Governed by All — Building a Cyberspace Community of Shared Destiny.”
Hon Hai, the world’s largest electronics manufacturing services provider, reached an agreement in mid-June with SoftBank and Alibaba to invest in SoftBank Robotics Holdings Corp.
An initial batch of Pepper robots, developed by SoftBank and manufactured by Hon Hai in its Shandong plant in China, sold out in one minute in June.
Hon Hai has also produced industrial robotic arms and 48,000 have been installed in Hon Hai plants, including more than 2,000 self-developed mechanical arms in the company’s Kunshan factory.
Real estate agent and property developer JSL Construction & Development Co (愛山林) led the average compensation rankings among companies listed on the Taiwan Stock Exchange (TWSE) last year, while contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) finished 14th. JSL Construction paid its employees total average compensation of NT$4.78 million (US$159,701), down 13.5 percent from a year earlier, but still ahead of the most profitable listed tech giants, including TSMC, TWSE data showed. Last year, the average compensation (which includes salary, overtime, bonuses and allowances) paid by TSMC rose 21.6 percent to reach about NT$3.33 million, lifting its ranking by 10 notches
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Prices of gasoline and diesel products at domestic fuel stations are this week to rise NT$0.2 and NT$0.3 per liter respectively, after international crude oil prices increased last week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday. International crude oil prices last week snapped a two-week losing streak as the geopolitical situation between Russia and Ukraine turned increasingly tense, CPC said in a statement. News that some oil production facilities in Alberta, Canada, were shut down due to wildfires and that US-Iran nuclear talks made no progress also helped push oil prices to a significant weekly gain, Formosa said
MINERAL DIPLOMACY: The Chinese commerce ministry said it approved applications for the export of rare earths in a move that could help ease US-China trade tensions Chinese Vice Premier He Lifeng (何立峰) is today to meet a US delegation for talks in the UK, Beijing announced on Saturday amid a fragile truce in the trade dispute between the two powers. He is to visit the UK from yesterday to Friday at the invitation of the British government, the Chinese Ministry of Foreign Affairs said in a statement. He and US representatives are to cochair the first meeting of the US-China economic and trade consultation mechanism, it said. US President Donald Trump on Friday announced that a new round of trade talks with China would start in London beginning today,
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