Foxconn unit invests US$30 million in Hong Kong-based Robocore

A unit of Foxconn Technology Group, the world’s largest electronics contract manufacturer, is investing US$30 million in Hong Kong-based Robocore Technology, marking the Taiwanese company’s foray into the smart robotics market.
Foxconn Technology – an independently listed firm in Taipei that is 9.88 per cent owned by the Apple and Nvidia supplier – made the investment as part of the recently completed Series D funding round of Robocore, which is headquartered in the Hong Kong Science Park.
“This is more than a capital injection – it’s an affirmation of our company’s future prospects,” Robocore founder and CEO Roy Lim Long-hei said in a statement on Wednesday.
Foxconn Technology’s manufacturing capabilities and supply chain network would enable Robocore to accelerate growth and “expand into new markets”, Lim said. The deal was also expected to help Robocore eventually initiate an initial public offering in the US within the next five years, he added.
Robocore designs, develops and manufactures programmable service robots for use in the healthcare, education, consumer and smart facility management markets. Its Israel-based subsidiary, RoboTemi Global, is the developer of the artificial intelligence-enabled temi robot, a smart personal assistant for the home.

Source link

Visited 1 times, 1 visit(s) today

Related Article

Bottled water brands seize on Hong Kong procurement scandal to promote products

Bottled water brands seize on Hong Kong procurement scandal to promote products

Some bottled water brands in Hong Kong are taking advantage of a growing government procurement scandal to promote their products. Watsons Water posted on social media on Wednesday that its products were “safety and quality assured”, highlighting its strictly controlled production processes, which included multiple filtration and high-temperature distillation. The post received almost 380 reactions.

21 August 2025
Ferdinand Cheuk Siu-yuen, Senior Vice-President and Portfolio Manager at Templeton Global Equity Group, during the Franklin Templeton press conference on January 16, 2019. Photo: Tory Ho

Hong Kong’s stock rally still has room to run on ‘reasonable’ valuations, Templeton says

Hong Kong stocks remain favourable, as attractive valuations and easing tariff uncertainty have enhanced the predictability of corporate earnings on the city’s stock market, according to US fund manager Franklin Templeton. The firm, which manages US$1.5 trillion of assets worldwide, was “constructive” on Hong Kong and mainland China’s stock markets, as the valuations remained reasonable

21 August 2025
Hong Kong's top pickleball player Jack Wong Hong-kit in action. Photo: Handout

Hong Kong pickleball ace wants sport to come out of tennis’ shadow

Jack Wong Hong-kit believes pickleball deserves to stand on its own and not just be considered an extension of other racquet sports. Speaking ahead of this week’s Hong Kong Open, the city’s top player said he was focused on making his home fans proud as the Professional Pickleball Association makes its debut at Kai Tak

21 August 2025
A Hong Kong recipe to beat restaurant crisis – clever concepts, cheaper meals?

A Hong Kong recipe to beat restaurant crisis – clever concepts, cheaper meals?

Hong Kong’s restaurant sector is in crisis, with a wave of closures, shrinking margins and residents lured by cheaper options locally and across the border. In the second of a two-part series, the Post looks at how operators are bucking the trend to thrive and survive. Read part one here. Shortly after Italian chef Stefano

21 August 2025
Ferdinand Cheuk Siu-yuen, Senior Vice-President and Portfolio Manager at Templeton Global Equity Group, during the Franklin Templeton press conference on January 16, 2019. Photo: Tory Ho

Hong Kong’s stock rally still has room to run on ‘reasonable’ valuations, Templeton says

Hong Kong stocks remain favourable, as attractive valuations and easing tariff uncertainty have enhanced the predictability of corporate earnings on the city’s stock market, according to US fund manager Franklin Templeton. The firm, which manages US$1.5 trillion of assets worldwide, was “constructive” on Hong Kong and mainland China’s stock markets, as the valuations remained reasonable

21 August 2025
Kicking addiction: Hong Kong team seeking redemption at Homeless World Cup

Kicking addiction: Hong Kong team seeking redemption at Homeless World Cup

A team of Hong Kong footballers and coaches, who have struggled with gambling and drug abuse, are aiming to overcome their pasts by competing in the 20th Homeless World Cup in Norway this week. The players, led by captain Habib Akeel Amjid, flew to Oslo on Thursday to represent Hong Kong at the tournament, where

21 August 2025
Could Hong Kong scientists fight age-related muscle loss with help of HIV drug?

Could Hong Kong scientists fight age-related muscle loss with help of HIV drug?

Hong Kong scientists have identified an HIV drug that could be used to treat a common condition behind age-related muscle loss, with researchers hoping to start clinical trials next year. Researchers from the Chinese University of Hong Kong (CUHK) said on Wednesday that they had tested the HIV drug, known as Maraviroc, on 18-month-old mice

20 August 2025
The Japanese encephalitis virus is principally transmitted by the bites of infected mosquitoes. Photo: Shutterstock.

Hong Kong records first case of Japanese encephalitis in 6 years

Hong Kong has recorded its first case of Japanese encephalitis in six years after a 49-year-old woman was diagnosed with the potentially fatal mosquito-borne disease upon returning from the Philippines. The Centre for Health Protection said on Wednesday that the imported case involved a foreign woman who was in a stable condition. She had travelled

20 August 2025