Xinhua reports that technology giant FoxConn, which manufactures products for Apple and other computer companies, is working to reduce labor costs by replacing a portion of their workforce with robots, with a goal of having one million robots in place in their factories within three years.

FORBES: FoxConn to Replace Workers With Robots; Aim For One Million Robots In Three Years

The clash between quality and quantity in iPhone 5 output is felt acutely at Foxconn Technology Co.

FORBES: It's The iPhone 5's Aluminum Case That's Causing Problems For Apple and Foxconn

Cisco also announced earlier today an agreement for sale of its set-top box manufacturing facility in Juarez, Mexico, to Foxconn Technology Group.

FORBES: Cisco Whacks 16% Of Workforce, Sells Factory