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Foxconn moving operations out of China

August 13, 2020 by Mai Tao

Foxconn, one of the most well known Chinese manufacturing companies as a result of its status as main supplier for Apple, is moving significant parts of its operations outside of China.

The company, which according to TechSpot reported almost $800 million net profit for the quarter ending in June, has already moved an additional 5 percent of its operations to countries other than China, bring it up to 30 percent, compared with 25 percent last year.

China is still overwhelmingly the main base for Foxconn’s manufacturing operations, representing some 70 percent of its production capacity, but the company is scouting many locations abroad. [Read more…] about Foxconn moving operations out of China

Filed Under: Manufacturing, News Tagged With: china, chinese, companies, company, current, foxconn, main, manufacturing, moving, national, operations, percent, security, trade, trading, trump

Automated transport ‘could propel development forward’, say World Bank analysts

August 12, 2020 by David Edwards

i, robot – will smith, robot car

Automated transportation and mobility systems – such as autonomous cars, driverless trains, elevators, escalators and moving walkways – “could propel development forward” for the global economy, according to World Bank analysts.

Writing on the World Bank blog, Michael Lokshin, lead economist, Europe and Central Asia, and David Newsom, retired World Bank senior IT manager, say that although the vast majority of new transportation ideas do not succeed, innovation should nonetheless be encouraged.

“Despite impressive technological strides, attempts to automate transport operations are usually met with reactions that can range from mild skepticism to downright hostility,” say Lokshin and Newsom in their article. [Read more…] about Automated transport ‘could propel development forward’, say World Bank analysts

Filed Under: Features, Transportation Tagged With: automated, automation, autonomous, bank, cars, driverless, elevator, elevators, lokshin, newsom, percent, railways, systems, train, trains, transport

Canada imposes tariffs on US goods in retaliation

August 11, 2020 by Mark Allinson

Canada is to impose tariffs on American imports in retaliation for the recent decision by the US to levy a 10 percent tax on Canadian aluminum imports.

Canada’s deputy prime minister Chrystia Freeland says that the tariffs would match the US taxes “dollar for dollar”, according to a story on Manufacturing.net.

President Donald Trump (main picture) has been expressing his dissatisfaction with the terms of the North American Free Trade Agreement since coming to office and at one point wanted to take America out of it. [Read more…] about Canada imposes tariffs on US goods in retaliation

Filed Under: Economy, News Tagged With: aluminum, ban, canada, china, chinese, companies, imports, manufacturing.net, nafta, partnership, percent, tariffs, trade, trading, trump, waived, wechat

Mighty Buildings aims to automate 80 percent of construction process

August 7, 2020 by David Edwards

Mighty Buildings, a startup providing automated solutions for modern home building, has launched out of stealth after graduating from Y Combinator in winter 2018 and raising a total of $30 million from Khosla Ventures, Y Combinator, SV Angel, CoreVC, and others. 

The company says it uses a combination of 3D printing and prefabrication techniques to create a production-as-a-service platform that will “automate up to 80 percent of the building process”.

Mighty Buildings says it has a unique approach that is both project- and design-agnostic, and can create “everything from small complex components to panels to full-size volumetric modules”. [Read more…] about Mighty Buildings aims to automate 80 percent of construction process

Filed Under: Infrastructure, News Tagged With: approach, building, buildings, combinator, company, construction, create, homes, housing, mighty, percent, printing, process, units

China’s biggest chipmaker to double investment in capital goods to $7 billion

August 7, 2020 by Mai Tao

China’s largest chipmaker Semiconductor Manufacturing International is to double its investment in capital goods to $6.7 billion, according to a report on the Nikkei Asian Review website. 

The company is somewhat flush with cash as a result of net profit skyrocketing by 644 percent in the second quarter. Part of the increase is due to Chinese telecommunications giant Huawei stockpiling chips.

Huawei is trying to prepare for any potential shortage in its supply chain caused by the ban imposed on its activities in the US and Europe. [Read more…] about China’s biggest chipmaker to double investment in capital goods to $7 billion

Filed Under: Manufacturing, News Tagged With: billion, china, equipment, expected, growth, manufacturing, percent, semi, semiconductor, spending

Computer games giant Nintendo’s profits skyrocket by more than 500 per cent

August 6, 2020 by Mai Tao

Nintendo, one of the original games companies and still one of the biggest despite the “casual” gaming revolution brought about by smartphones, is reporting an astounding increase in profits. 

According to the Financial Times, Nintendo’s net profits “soared by 541 percent” at the height of the coronavirus pandemic and its consequential lockdowns, when most people in most countries stayed home.

Nintendo often suffers from too much demand for its consoles, as it did when its Switch handheld console – which looks rather like a smartphone, as shown in the main image – sold out around the world with many millions still searching for it. [Read more…] about Computer games giant Nintendo’s profits skyrocket by more than 500 per cent

Filed Under: Economy, News Tagged With: billion, company, computer, console, example, ft, game, games, increase. ¥, mister, nintendo, percent, profits, sold, switch, times

More than half of US companies are ‘planning to increase automation investments due to Covid-19’

July 24, 2020 by Mark Allinson

honeywell intelligrated palletizing

More than half of US companies are increasingly open to invest in automation to survive changing market conditions brought about by the Covid-19 pandemic, according to a recent study by Honeywell Intelligrated.

The 2020 Honeywell Intelligrated Automation Investment Study reveals that the e-commerce (66 percent); grocery, food and beverage (59 percent); and logistics (55 percent) industries are most willing to invest more in automation.

Chris Feuell, chief marketing officer at Honeywell Intelligrated, says: “The global pandemic caused a sudden and seismic shift in the global supply chain driving distribution centers to embrace remote operations and social distancing work processes. [Read more…] about More than half of US companies are ‘planning to increase automation investments due to Covid-19’

Filed Under: Features, Industry Tagged With: automation, companies, cost, half, honeywell, investment, online, percent, return, solutions, study, technology

Japanese construction giant to build massive dam almost entirely with robots

July 24, 2020 by Mai Tao

The Obayashi Corporation, one of the five largest construction companies in Japan, is building a giant dam with robots, according to a report on the Nikkei Asian Review website. 

The dam project is located in the Mie Prefecture, in the south-east corner of Japan’s main island, and Obayashi will be testing a variety of robotic and automation technologies in its construction.

In fact, according to Nikkei, almost every stage of the construction of the concrete dam will involve some sort of automation technology. [Read more…] about Japanese construction giant to build massive dam almost entirely with robots

Filed Under: Infrastructure, News Tagged With: automation, concrete, construction, dam, forms, human, nikkei, obayashi, percent, project, robotic, robots, workers

What does the term ‘productivity’ actually mean in economics?

July 23, 2020 by David Edwards

Here at Robotics and Automation News, we’ve often wondered what factors determine the productivity of a nation or industry, market or economy. There is a reason for this that has to with our website’s editorial subject matter and possibly our survival as a business.

In other words, we would like to expand our editorial coverage, and we would like to monetise. Our website has millions of readers, a significant proportion of whom are business people, so we have a marketable audience.

So far, we have mostly carried niche industrial news. Now, we want to add to that broader, global industry-wide and indeed world economy-wide, perspectives that may affect their growth and success. [Read more…] about What does the term ‘productivity’ actually mean in economics?

Filed Under: Features, Industry Tagged With: capital, decreased, divided, goods, hours, input, machine, manufacturing, oecd, output, percent, productivity, quantity, widgets, worked, workers, wwinc

Commercial cleaning robots using Brain OS log 2 million hours of autonomous operation

July 23, 2020 by Sam Francis

Commercial cleaning robots which run Brain Corp’s operating system have racked up 2 million hours of autonomous operation.

Brain Corp, an artificial intelligence company which provides its “Brain OS” software to commercial cleaning robots, says it now powers “the world’s largest fleet of autonomous commercial mobile robots operating in public indoor spaces”, estimated to be more than 10,000.

The milestone was achieved earlier this month due in part to a recent surge in activity by retailers who are maximizing their use of Brain OS-powered cleaning robots in the wake of the Covid-19 health crisis. [Read more…] about Commercial cleaning robots using Brain OS log 2 million hours of autonomous operation

Filed Under: Humanoids, News Tagged With: autonomous, brain, cleaning, commercial, corp, daily, hours, median, partners, percent, performance, public, retail, retailers, robotic, robots, safety, usage

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