China tells SoftBank it will block $5.4B ABB robotics deal

Published Thursday, November 5, 2026 · 12:06 AM EST

China has told SoftBank it will not allow its $5.4B acquisition of ABB's robotics division, the Financial Times reported, citing sources. China is the division's biggest market. The Swiss-Swedish company's robotics unit focuses on the Chinese market and has a mega-factory in Pudong.

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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.

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