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China blocks SoftBank’s $5.4 Billion ABB Robotics Deal
China Blocks SoftBank’s $5.4 Billion ABB Robotics Deal
TL;DRChina blocked SoftBank's $5.4 billion purchase of ABB's robotics division.
Why it matters: Signals escalating tech protectionism and limits Japanese/foreign access to critical automation infrastructure.
China has blocked SoftBank Group’s $5.4 billion acquisition of the robotics unit of ABB, a Swiss-Swedish electrical and automation technology company. The Office of the Working Mechanism for Foreign Investment Security Review, part of China’s powerful National Development and…
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