• Taiwan-based Hon Hai Precision Industry Co., the world's largest electronics contract manufacturing company, plans to introduce thousands of robots to replace human workers on its Chinese assembly lines to reduce labor costs
  • Company CEO Terry Gou told reporters last month that Hon Hai will need just three years to automate 70 percent of its product assemblies. He said the shift will see people replaced by machines and will lead to improved efficiency, according to the report.
  • Gou had said in 2011 that the company would replace some of its workers with 1 million robots. Two years later, the company said it would spend US $40 million on researching and manufacturing robotics in the U.S. state of Pennsylvania.

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