Initiates stock swap to ease robot procurement for its business units

Foxconn Electronics, the world’s largest contract manufacturer, has announced an ambitious effort to push ahead with a highly automated workforce by increasing investment in its robot development subsidiary in Shenzhen, China.

Experiencing relatively quiet off-season period after holidays

Foxconn Electronics is slowly regaining revenue momentum in January after posting its first-ever annual sales decline over the course of 2016 due to mild demand from major client Apple, its first ever since going public 25 years ago.