RoboticsSilicon Republicabout 1 hour ago
China Blocks SoftBank ABB Robotics Deal
2 min read
Chinese authorities blocked SoftBank's nearly $5.4bn acquisition of ABB's robotics unit over data transfer concerns. ABB confirmed the deal failed on 5 November, citing a prohibition by China's foreign investment security review. The unit represents over 90pc of ABB's robot demands.
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