Foxconn shifts focus to industrial internet

Foxconn Technology Group has said it will ramp up efforts to promote intelligent manufacturing, and take a lead in boosting the integration of the internet, big data and artificial intelligence with the real economy, in a bid to wean itself off its heavy reliance on manufacturing smartphones and diversify into new areas.

"Based on our 30 years of experience in research and development and sophisticated manufacturing, we will utilize our core technology capacities in cloud computing, the internet of things, big data, AI and robots to support small and medium-sized enterprises," said Terry Gou, chairman of Foxconn at the company's 30th year anniversary celebrations in Shenzhen, Guangdong province.

Gou emphasized the development of the industrial internet, and is bullish on its prospects, expecting it will witness explosive growth and generate opportunities for the manufacturing industry.