Foxconn has been in the news lately plagued with the problems with human operators – under-aged workers, working condition and suicides. These will be a problem for any company and this situation will get worst as the cost of living in China is increasing. They decided to solve this problem by introducing robots into their lines. But rather than purchasing the robots from current manufacturers of robot, they have decided to start building robots themselves.
The robot in the picture is called the Foxbot and about 10,000 have been manufactured and deployed since 2011. These robots are pretty low cost priced at around $20k. According to International Federation of Robotics, there was a total sales of 160,000 robots in 2011. Their goal is to deploy 1 million robots by 2014 is 5 times that deployment. That’s an amazing feat by far and certainly good news for all robotists today. There’s going to be a growing demand for robots and all robotics related technologies in the near future.
Article at singularityHUB