China 's Foxconn and Germany 's Siemens are reportedly in talks to develop next - generation manufacturing processes for the former 's production facilities . Vice President of Siemens China , Wang Chen , revealed that the Foxconn Chairman spent around 30 minutes speaking to Siemens employees , a move not confirmed by Foxconn . According to the report, Foxconn, a major supplier to Apple, is currently implementing plans to diversify its business from low-margin to digitalized manufacturing. Industry 4.0 is an attempt to enact the " next industrial revolution " , utilising IoT technologies deeply within the manufacturing process .
China 's Foxconn and Germany 's Siemens are reportedly in talks to develop next - generation manufacturing processes for the former 's production facilities . Vice President of Siemens China , Wang Chen , revealed that the Foxconn Chairman spent around 30 minutes speaking to Siemens employees , a move not confirmed by Foxconn . Industry 4.0 is an attempt to enact the " next industrial revolution " , utilising IoT technologies deeply within the manufacturing process .