China's manufacturing sector has 'great need to automate,' says ABB chairman

China's manufacturing sector has 'great need to automate,' says ABB chairman

5 years ago
Anonymous $yysEBM5EYi

https://www.cnbc.com/2018/11/06/abb-chairman-china-manufacturing-has-great-need-to-automate.html

Automation will be a major driver for industries in the future, so companies will need both robots and a gamut of related manufacturing technologies, according to the chairman of multinational tech firm ABB.

Last month, the company announced that it will invest $150 million to build an advanced robotics factory in Shanghai where robots will make other robots. It is expected to begin operations by the end of 2020 and will also have an onsite research and development center to pursue innovations in artificial intelligence.