Taiwan-based Hon Hai Precision Industry (Foxconn) breaks ground for $223 million R&D and manufacturing facilities in Taiwan to develop and produce robots.
The project is expected to generate an estimated $4 billion in production value in the next three to five years, create about 2,000 jobs, replace 500,000 mainland Chinese workers with 1 million robots and double the world’s industrial robot population.
Details in Christian Science Monitor article.