Recently China has unveiled a new factory that is full automated by machines. Few humans actually work there and all task are completed by robots. The new factory, located in Dongguan city has all its operations performed by robots. The factory is owned by Changying Precision Technology Company and they are currently producing cell phone modules. The work force went from 10 lines with 650 employees to just 60 and 60 robot arms. The company has future place it increase the arms to 100 and reduce the people to 20. This is a growing trend that has started in small part of the factory mega city but the trend can only grow from there.
where did the bubble come from?
A startup industry whose assets are so inflated that they seem to be formed literally out of thin air, tech investment seems if anything - wobbly and uncertain.
Investors are pouring money into a promisingly successful industry, what is the ROI?
Most tech startups fail. Judging which startups will succeed is quite tricky – investors take big risks throwing their eggs in a fresh basket, per say. Why?