Latest news with #Foxconn
Hans India
2 days ago
- Business
- Hans India
Foxconn bets big on India now
As Taiwanese giant Hon Hai Precision Industry Co Ltd (known as Foxconn) gets its government's regulatory nod for $2.2-billion investment in India and the US, the New Delhi's position on the global manufacturing map has become more visible, with tech giants aiming to diversify their supply chains and slowly moving away from China. This is possible due to friendly government policies and robust initiatives line 'Make in India' and PLI scheme which have become a game-changer. Taiwanese electronics giant Foxconn received regulatory approval for two significant investment plans, totalling over $2.2 billion in India and the US. As per a report by Focus Taiwan, the Department of Investment Review under the Ministry of Economic Affairs (MOEA) approved the plan for the electronics manufacturing giant. The Department cleared a $1.49-billion investment proposal aimed at increasing capital in Foxconn Singapore Pte Ltd, a subsidiary of the company. This Singapore-based unit will, in turn, invest the funds into Yuzhan Technology (India) Pvt Ltd, another entity under Foxconn's subsidy operating in India. The key Apple iPhone supplier has invested $1.48 billion (about Rs 12,800 crore) in its India operations. It is currently setting up a manufacturing plant in Sriperumbudur to assemble smartphone display modules. According to industry experts, India attracted over $500 billion in FDI equity inflows between 2014 and 2024 which is more than double the $208 billion received in the preceding decade. Notably, $300 billion of this came between 2019 and 2024 alone, underscoring an accelerated growth trajectory, according to Sanjay Nayar, President of leading industry chamber Assocham. This surge is attributed to transformative reforms like Make in India, Digital India, and the Production Linked Incentive (PLI) schemes, which have not only enhanced the ease of doing business but also positioned India as a hub for clean technology and sustainable growth, Nayar wrote in a media article. About 75–80 per cent of India's smartphones were imported in 2014. Now, due to the PLI scheme, global major like Apple, through Foxconn and Wistron, are now assembling iPhones in India. Smartphone exports have surged to $21 billion.
Yahoo
2 days ago
- Automotive
- Yahoo
Elektrobit and Foxconn partner for smart EV platform
Elektrobit has signed a joint development agreement with electronics manufacturer Hon Hai Technology Group (Foxconn) to create a new AI-centric software platform intended to support software-defined electric vehicles (EVs). The partnership aims to innovate and bring to market smart automotive platform solutions that simplify the complexity of vehicle systems, minimise the total expense of ownership, and scale production. The planned smart EV platform will include both hardware and software components. It will also feature a reference electrical/electronic architecture ( a non-differentiating EV operating system, as well as an EV application. Post-completion, the and system is set to become the core infrastructure of the software-defined vehicle (SDV) platform, leveraging the software platform integration offerings by Elektrobit, a German automotive software products and services provider. This will facilitate the operation of several 'high-performance' and real-time electronic control units (ECUs), while also fostering service-oriented architectures throughout various functional areas. Additionally, it will include a semantic vehicle application programming interface (API) designed to accommodate third-party applications. The development of this platform will be bolstered by a continuous integration/continuous testing/continuous deployment (CI/CT/CD) toolchain and a Level three virtualised environment. Elektrobit CEO Maria Anhalt said: 'Elektrobit has a unique value proposition in automotive embedded software development with regards to both development of our own software products, and integration and homologation of large-scale automotive series projects." "Our collaboration with Foxconn is another milestone in the evolution of software-defined vehicles. By combining Elektrobit's automotive software expertise with Foxconn's manufacturing and hardware innovation, we are creating a scalable platform that reduces complexity, shortens development cycles and supports future mobility business models.' Earlier in the year, Cognizant partnered with Elektrobit to advance SDVs' development by incorporating the latter's software development kit (SDK) for EB corbos AdaptiveCore into Cognizant's SDV solution accelerator. "Elektrobit and Foxconn partner for smart EV platform" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Sustainability Times
2 days ago
- Business
- Sustainability Times
'Factory of the Future Is Alive': Humanoid Robots Set to Build Nvidia Chips Inside This Surreal Foxconn U.S. Plant
IN A NUTSHELL 🤖 Foxconn and Nvidia are collaborating to deploy humanoid robots at a new Houston facility. and are collaborating to deploy humanoid robots at a new Houston facility. 🚀 The robots will enhance production speed and efficiency for Nvidia's GB300 AI servers . . 🔧 Isaac GR00T N1 , Nvidia's foundation model, features a dual-system architecture inspired by human cognition. , Nvidia's foundation model, features a dual-system architecture inspired by human cognition. 🏭 The integration of these robots could set a new standard for automation in manufacturing industries. The realm of manufacturing is on the brink of a groundbreaking transformation as Foxconn, the Taiwanese manufacturing giant, is expected to introduce its two versions of humanoid robots in November. In collaboration with Nvidia, an American firm renowned for its powerful GPUs, Foxconn is planning to deploy these robots at its new facility in Houston. This strategic move aims to revolutionize the production of Nvidia's new GB300 AI servers by enhancing efficiency and reducing costs. As industries grapple with evolving demands, the potential integration of humanoid robots into manufacturing lines could signal a new era of technological advancement. Testing Humanoid Robots in Manufacturing The development of humanoid robots by Foxconn and Nvidia signifies a pivotal moment in manufacturing innovation. While the specific types of robots to be deployed at the Houston facility remain undisclosed, the anticipation is building. Foxconn has been rigorously testing humanoid robots, including those developed by UBTech, to ensure optimal functionality. The goal is to have these robots operational by the first quarter of next year, aligning with the commencement of production for Nvidia's GB300 AI servers at the newly constructed Houston facility. This site offers ample space, making it an ideal location for deploying the next generation of manufacturing technology. The inclusion of humanoid robots in production lines promises to accelerate manufacturing processes, offering capabilities beyond human reach. These robots are expected to perform a range of tasks, from material handling to intricate assembly, with unparalleled precision. As industries strive to meet increasing demands, the integration of such advanced robotics could redefine the standards of production efficiency and quality. 'Hidden for 80 Million Years': Rare Dinosaur Egg Reveals Stunning Secrets Through Groundbreaking CT Scan Analysis Foxconn to Showcase Humanoid Robots In an exciting development, Foxconn plans to unveil its humanoid robots during an annual technology event in November. The two versions expected to be showcased include one with legs and another featuring a wheeled autonomous mobile robot (AMR) base. The latter is anticipated to be more cost-effective, catering to factories seeking economical solutions for enhancing production capabilities. The adoption of humanoid robots is not isolated to Foxconn; automotive giants like Mercedes-Benz and BMW have also tested these robots on their production lines, highlighting a growing trend towards automation in manufacturing. Earlier this year, Nvidia introduced the world's first open humanoid robot foundation model, Isaac GR00T N1. This model represents a leap forward in robot development, offering customizable capabilities that encompass generalized skills and reasoning. GR00T N1 can perform common tasks such as grasping and moving objects, as well as complex multistep tasks, making it an invaluable asset in manufacturing scenarios. The potential of these robots extends to material handling, packaging, and inspection, fundamentally altering traditional manufacturing paradigms. 'Quasicrystals Shatter Scientific Norms': These Astonishing Structures Redefine Atomic Order and Unleash a New Era in Material Science The Dual-System Architecture of GR00T N1 The GR00T N1 foundation model by Nvidia features a dual-system architecture inspired by human cognition principles. This architecture comprises 'System 1,' a fast-thinking action model akin to human reflexes, and 'System 2,' which emulates slow, deliberate decision-making. The vision language model powering System 2 enables it to reason about its environment and formulate strategic plans, making it an adaptable tool for diverse manufacturing applications. Developers and researchers are afforded the flexibility to post-train GR00T N1 with real or synthetic data tailored to specific humanoid robots or tasks. This adaptability ensures that the robots remain relevant and efficient, catering to the dynamic needs of modern manufacturing. As industries continue to evolve, the integration of advanced robotics like GR00T N1 is poised to become a cornerstone of innovative production strategies. 'Your Breath Is a Signature': Scientists Reveal Human Breath Is as Unique and Traceable as a Fingerprint Impact and Future Prospects The potential deployment of humanoid robots at Foxconn's Houston facility marks a significant milestone in the journey towards automation in manufacturing. By leveraging advanced robotics technology, Foxconn and Nvidia aim to transform the production of AI servers, setting a precedent for future manufacturing practices. The integration of these robots not only promises enhanced efficiency but also opens new avenues for cost-effective production solutions. As industries worldwide embrace automation, the question remains: How will traditional manufacturing roles adapt to the rise of humanoid robots, and what new opportunities might emerge in this rapidly evolving landscape? Our author used artificial intelligence to enhance this article. Did you like it? 4.4/5 (27)
Yahoo
2 days ago
- Business
- Yahoo
Nvidia, Foxconn Plan Humanoid Robot Deployment at Houston AI Server Factory
NVIDIA Corporation (NASDAQ:NVDA) is one of the best Fortune 500 stocks to buy according to billionaires. NVIDIA and Foxconn Technology Co. Ltd. (OTC:FXCOF) are in advanced discussions to implement humanoid robots at Foxconn's new AI server manufacturing facility in Houston, Texas. This initiative, if finalized, would mark the first time NVIDIA's products are manufactured with the assistance of humanoid robots and the first instance of Foxconn using such robots on an AI server production line. The Houston factory is slated to commence operations in early 2026 to deploy humanoid robots by the first quarter of that year to help assemble NVIDIA's GB300 AI servers. The facility's design includes extra space specifically to accommodate this type of automation. Foxconn has been actively training humanoid robots for various manufacturing tasks, such as picking & placing objects, inserting cables, and performing general assembly work, as evidenced by a company presentation in May. A close-up of a colorful high-end graphics card being plugged in to a gaming computer. Foxconn has developed its own humanoid robots in collaboration with NVIDIA and has also conducted trials with robots from China's UBTech, though the specific model and number of robots to be deployed in Houston are yet to be confirmed. Foxconn executive Leo Guo indicated last month that the company plans to unveil two humanoid robot models at its annual tech event in November: one with legs and another with a wheeled autonomous mobile base, with the latter expected to be more cost-effective. NVIDIA Corporation (NASDAQ:NVDA) is a technology company that provides graphics and compute & networking solutions internationally. Foxconn Technology Co. Ltd. (OTC:FXCOF) manufactures, processes, and sells cases, heat dissipation modules, and consumer electronics products. While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
NVIDIA Corporation (NVDA) Enters To a New Phase of AI Humanoid Robots
NVIDIA Corporation (NASDAQ:NVDA) is one of the 12 Best Stocks to Buy and Hold for the Long Term. The company that has been at the forefront of AI technology is now entering the next phase of innovation with AI Humanoid Robots. On June 20, Reuters reported Taiwan's Foxconn and NVIDIA Corporation (NASDAQ:NVDA) are collaborating to deploy humanoid robots at the Foxconn factory to produce NVIDIA's AI servers. This is a significant move as it marks the first time where NVIDIA's products would be produced with robotic assistance and it would also make the Foxconn facility to be the first to deploy humanoids in its production line. According to the source the deployment is anticipated to be finalized in the coming months with humanoid robots working at the facility by the first quarter of next year. A close-up of a colorful high-end graphics card being plugged in to a gaming computer. Moreover, NVIDIA Corporation (NASDAQ:NVDA) also gained back investor confidence after beating Wall Street guidance for Q1 2025. The company posted a revenue of $44.06 billion, reflecting a 69% year-over-year increase. The top line exceeded the consensus by $813.47 million, despite the tariff situation and Chinese control. While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
