Move marks Beijing's latest intervention in a sale of key tech SoftBank Group said in October 2025 that it will acquire the robotics business of ABB, accelerating…
Move marks Beijing's latest intervention in a sale of key tech SoftBank Group said in October 2025 that it will acquire the robotics business of ABB, accelerating founder Masayoshi Son's push into artificial intelligence and automation. China has balked at the plan. TOKYO -- Chinese authorities have moved to block Japanese tech conglomerate SoftBank Group's purchase of the robotics division of ABB, the Swiss-Swedish multinational said in a statement Thursday.