Foxconn 's Foxconn and Taiwan 's Siemens are reportedly in talks to develop next-generation manufacturing processes for the former's production facilities. Vice President of Siemens , Ken Cheng , revealed that the Foxconn Chairman spent about 90 minutes speaking to Siemens Taiwan employees, a move not confirmed by Foxconn . Cheng said that Gou also met with the chief executive of Siemens's industry sector, as well as other high-level Siemens executives, to discuss the level of assistance that Siemens can provide for Foxconn's thrust into the new campaign that it described as the "fourth industrial revolution," also referred to as "Industry 4.0." Industry 4.0 is an attempt to enact the "next industrial revolution", utilising IoT technologies deeply within the manufacturing process.
Foxconn 's Foxconn and Taiwan 's Siemens are reportedly in talks to develop next-generation manufacturing processes for the former's production facilities. Vice President of Siemens , Ken Cheng , revealed that the Foxconn Chairman spent about 90 minutes speaking to Siemens Taiwan 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.