SoftBank and ABB explore China carve-out to save $5.4 billion robotics deal
SoftBank and ABB are looking at a separate entity for the China part of ABB Robotics after Beijing blocked the deal, Bloomberg News reported.
ABB is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation, and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels.
SoftBank and ABB are looking at a separate entity for the China part of ABB Robotics after Beijing blocked the deal, Bloomberg News reported.
China's state planner has blocked SoftBank's $5.4 billion acquisition of ABB's robotics division over concerns about robotics data leaving the country.
A report from ABB and Boston Consulting Group says AI computing, electrification and renewable energy are increasing demand for direct current power systems.
ABB has made a minority investment in UK startup Gridcog to improve digital modelling for renewable and distributed energy projects, supporting customers in evaluating cost and carbon performance.
ABB and NVIDIA have announced a collaboration to develop advanced AI data centers with high-efficiency power delivery systems. ABB will focus on scalable electrification solutions to support NVIDIA’s 800-volt architecture for faster, more efficient energy transfer.
ABB and Applied Digital have partnered to develop AI-ready data centers at a 400 MW campus in North Dakota, utilizing ABB's HiPerGuard UPS technology for enhanced efficiency and reliability.
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