Asia
China· BeijingChina Blocks Robotics Deal Leg
Chinese authorities have blocked the China leg of a $5.4 billion robotics deal involving Swiss engineering group ABB and Japanese investment group SoftBank.
Background
China has been actively investing in and regulating its technology sector, particularly in advanced fields like AI and robotics. This involves balancing domestic innovation with international partnerships and national security concerns, often impacting global tech companies and investment groups.
Quorum · collective opinions
China Blocks Robotics Deal Leg
First report 5h agoLast update 5h ago1 takes 1
deal blockedneutralShow 1 post
started 5h ago•Last update 5h ago
China has prevented the China portion of a significant robotics deal from proceeding, as confirmed by ABB.
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