TAIPEI - Foxconn Technology, the company that recently sold its Lordstown facility as part of an artificial intelligence joint venture, has made a strategic investment of up to $30 million in Robocore Technology, expanding into the medical and elderly care robotics market.
The investment positions the Taiwanese electronics giant to leverage its manufacturing and supply chain expertise to accelerate Robocore's growth in the service robotics sector.
Robocore is a developer of applications for robotic platforms used in the home, hospitality, retail, medical, industrial, commercial, and other applications, including integrating smart external sensors on platforms such as wellness sensors, medical-grade sensors, and others.
Robocore’s CEO, Roy Lim, described the investment as "more than a c