Posted by Kyle 2:46 PM (CST)
Monday February 12, 2018
Foxconn's panel arm, Innolux, most famous for building smartphone and monitor displays, has just announced that it will be cutting its workforce of 60,000, by over 10,000 at the end of 2018. These 10,000 jobs will be lost to robotics being implemented in the factory. Foxconn is making a $342M investment in Innolux to help bring production costs down and to improve production time. Foxconn is already working on new robots, that will catch the other robots, as those attempt to jump to their demise from the top of the factory.
Innolux is a liquid crystal display-making affiliate of major iPhone assembler Hon Hai Precision Industry, better known as Foxconn Technology Group. Tuan is also a technology adviser to Foxconn, Sharp and Innolux. Tuan said up to 75% of production will be fully automated by the end of 2018. Most of Innolux's factories are in Taiwan.