FOXCONN TO REPLACE WORKERS WITH 1 MILLION ROBOTS IN 3 YEARS

Taiwanese technology giant Foxconn will replace some of its workers with 1 million robots in three years to cut rising labor expenses and improve efficiency, said Terry Gou, founder and chairman of the company, late Friday.

The robots will be used to do simple and routine work such as spraying, welding and assembling which are now mainly conducted by workers, said Gou at a workers' dance party Friday night.

The company currently has 10,000 robots and the number will be increased to 300,000 next year and 1 million in three years, according to Gou.

Foxconn, the world's largest maker of computer components which assembles products for Apple, Sony and Nokia, is in the spotlight after a string of suicides of workers at its massive Chinese plants, which some blamed on tough working conditions.

The company currently employs 1.2 million people, with about 1 million of them based on the Chinese mainland.

PRESIDENT OBAMA PLEDGES $70 MILLION FOR ROBOTICS RESEARCH

Yesterday President Obama announced the government would pledge $70 million to a pool of $500 million donated by universities, research institutions, and private industry to develop new robotics technologies. The President made the announcement at the National Robotics Engineering Center at Carnegie Mellon University.

The project, called the National Robotics Initative, is part of a wider effort by the Advanced Manufacturing Partnership to research breakthrough technologies. The group consists of multiple government agencies, universities and colleges, corporations, and private industry groups. While the government has pledged $70 million to the initiative, other agencies have filled the pot with up to $500 million to fund the research project.

The National Robotics Initiative will leverage resources at NASA, the National Science Foundation, and other government agencies to build robots that will be useful not just in military and defense applications, but civilian ones as well. For example, the National Science Foundation said they hope to use the initiative to build “co-robots” that can work alongside humans in day-to-day activities.