Reported about 11 hours ago
SoftBank Group has announced the acquisition of ABB Group's robotics business unit for $5.375 billion as part of its strategy to focus on physical AI. The purchase, pending regulatory approval and expected to close in mid to late 2026, aims to rejuvenate ABB's robotics sales, which saw a decline in revenue last year. This move is part of SoftBank's broader investment strategy in robotics and artificial intelligence, with the company's CEO emphasizing their vision to integrate advanced AI with robotics for future innovation.
Source: YAHOO