China blocks SoftBank, ABB robotics deal

T2Covered by 1 source · first reported by Light Reading / Fierce Network / Telecoms.com / RCR Wireless / Mobile World Live at 05 Nov, 13:48 UTC

SoftBank Group’s proposed $5.4 billion deal to acquire ABB’s industrial robot business has been blocked by Chinese regulators, in a major blow to the Japanese company’s well-publicised ambitions around physical AI. The post China blocks SoftBank, ABB robotics deal appeared first on Mobile World…

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Sources

• T2China blocks SoftBank, ABB robotics dealLight Reading / Fierce Network / Telecoms.com / RCR Wireless / Mobile World Live05 Nov, 13:48