Foxconn turns sights to robots, electrics cars, wearables

Anticipate more wearables, spiders and even energy source to come from manufacturing massive Foxconn Technological innovation Team, as the Taiwanese organization tries to transform itself as a wider technology service agency.

While Foxconn now mainly produces items for providers like Apple company and Sony models, the organization is expecting to take on new possibilities growing in the market. "When a storm comes, even a pig can fly," laughed Foxconn's CEO Terry Gou at its yearly shareholders' conference on Wed.

Foxconn will move beyond product set up, and spend money on article writing reasoning solutions, and social media technological innovation. In the case of wearables that can monitor a customer's health, an whole environment is needed to evaluate and store the information, Gou said.

Some of these new guidelines are already generating results. Recently, Japanese people technical organization Softbank exposed Spice up, a personal software that Foxconn assisted create. Spice up is developed to communicate with people, and can discuss and even study people's feelings.

"I believe it will become a huge system for human company," Gou said, including that additional software solutions could be included with the software.

In the electrical powered car world, Foxconn is already a associate with U.S.-based Nikola tesla Engines, having developed the touchscreen display screen found inside the organization's automobiles. But on Wed, Foxconn's CEO exposed that his organization is creating its own energy source, with a focus on price of less than $15,000.

Gou dropped to give further information, but said the organization has many clients for its power car battery power. In Apr, Foxconn declared it was working with China-based Chinese suppliers Automobile Team to create new battery power for such automobiles.

Expanding into new manufacturing places could help Foxconn broaden its income sources. The organization makes about 40% to 50% of its sales from building Apple company items, according to experts. But competitive producers are competitive to take those purchases away from Foxconn, and providing lower manufacturing costs.

Gou advised tolerance from the organization's investors. "We need to put our money in long-term technology investment strategies," he said. "Right now, making laptops and other gadgets isn't worth it for us to produce."


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