Foxconn, Softbank to form robot joint venture
Foxconn Electronics will team up with Japan-based Softbank to form a joint venture for manufacturing robot products, according to Japan-based Nikkei Asian Review.
Foxconn and Softbank have been cooperating on the production of robots since June 2014, and Foxconn has rolled out a bunch of ‘Pepper’ robots developed by Softbank’s subsidiary, Aldebaran, said the report.
The joint venture aims to roll out 10,000 Peppers a year initially, the report added.
Due to the maturing smartphone market, Foxconn is shifting part of its focus to develop a number of core technologies, including robot and automated equipment, Nikkei quoted company chairman Terry Gou as saying.
Meanwhile, China-based Alibaba Group may also join the Foxconn-Softbank cooperation project later, according to a Chinese-language Economic Daily News (EDN).
The joint venture will utilize Alibaba’s e-commerce channel to promote Pepper globally, EDN indicated.
Softbank will officially introduce the Pepper to consumers in Japan through a product event to be held in Tokyo on June 18, EDN said.