Foxconn will replace 500,000 workers with 1 million robots that they will produce themselves

Foxconn will mass produce their own robots

Robot Report – Taiwan-based Hon Hai Precision Industry (Foxconn) plans to invest $223 million to build an R&D and manufacturing facility in Taiwan to develop and produce an empire of robots.
… The project is expected to generate an estimated $4 billion in production value in the next three to five years and create about 2,000 jobs while replacing 500,000 mainland Chinese workers with 1 million robots.

Gizmag has some coverage and background information

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