Subhrojit Mallick for GIZMODO India: Apple and Samsung phone manufacturer, Foxconn has already taken a step towards the dystopian future. The South China Morning Post reported the manufacturing giant has replaced 60,000 laborers with robots. The total strength of Foxconn factory workers reduced from 110,000 to 50,000, marking a huge shift towards automation of routine jobs.
The Foxconn technology group confirmed to the BBC that they are automating many of the manufacturing tasks associated with their operations by introducing robots. However, they maintained the move will not affect long-term job losses. Cont'd...
Weiss Enters the Octagon: Unique Shaped Dial Plate Accomodates Robotic Inertia Performance and Ergonomic Efficiencies
New Online Configurator from Festo Slashes OEM Engineering Costs and Speeds Delivery for Cartesian Robots
Klaus E. Meyer for Forbes: Midea, the Chinese household appliances (“white goods”) manufacturer just made what analysts called an ‘incredibly high’ bid for German robot maker Kuka. This acquisition would take the Chinese investor right to the heart of Industry 4.0 : Kuka is a leading manufacturer of multifunctional robots that represent an important building block for enterprises upgrading their factories with full automation, the latest human-machine interface functionality, and machine-to-machine communication. Midea want a 30% stake in Kuka and have offered €115 per share. Kuka’s shares traded at €84 the day before and had already increased 60% since the beginning of the year. This offer values Kuka at €4.6 billion, which means Midea’s 30% stake would be worth €1.4 billion – on par with Beijing Enterprise’s February 2016 takeover of recycling company EEW which was the largest Chinese acquisition of a German firm to-date.
Midea’s takeover bid underscores Chinese interest in German Industry 4.0 technology; in January 2016, ChemChina paid €925 million for Munich-based KraussMaffei machine tools, in part because of their advances into Industry 4.0. Recent smaller Chinese acquisitions in the German machine tool industry, which include the partial acquisitions of H.Stoll by the ShangGong Group and of Manz by the Shanghai Electric Group are, in part, motivated by the objective to partake in the latest Industry 4.0 developments. Cont'd...
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