The parent of iPhone manufacturer FoxConn has formalised plans to build an automated factory in Taiwan. Hon Hai Precision Industry Company's Chairman Terry Gou has signed a letter of intent with Taichung Mayor Jason Hu outlining plans to construct an 'intelligent robotics kingdom' in the Central Taiwan Science Park over the next few years.
In July, Gou told workers at an event that the company were planning to introduce three million robots in order to perform simple procedures, cut rising labour costs and improve operational efficiency. In addition, replacing human workers with robots could also be seen as a measure to reduce the amount of well-publicised suicides at FoxConn's manufacturing facilities.
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This plan now seems to be gaining traction with Gou also presiding over a ground-breaking ceremony for an intelligent robotics technology research facility and the inauguration of a FoxConn factory dedicated to the development and production of automation equipment. President Ma Ying-Jeou also attended the ceremony in support of Hon Hai's continued investment in Taiwan.
The ambitious project will look to generate around $4 billion in production value within the next five years, creating 2,000 jobs in the process.
Hon Hai's subsidiary FoxConn is one of the world's biggest electronics sub-contractors with clients including Apple, Hewlett-Packard, Sony and Nintendo. The company plans to invest around $224 million in this latest project.