Case Studies.
Foxconn, also known as Hon Hai Precision (its parent company), has long been celebrated as a leading player in the IP community. Under chairman Terry Gou’s savvy guidance, the company has built a robust patent portfolio with recognised clout in the US as well as other key jurisdictions. In 2016, when Foxconn acquired Sharp for a cool $3.8 billion, there were questions over how the company would deploy the IP that came with it.
Read MoreOne goal of Industrie 4.0 is to create more sophisticated production systems, not only within individual companies but also with a focus on connections with outside entities. Another goal is for computers to aid in the advanced control of production processes. The significance here is in standardization and a reduced reliance on people. However, this does not mean that individuals will be eliminated from production sites.
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