ABB: Billion-Dollar Sale of the Robotics Division to SoftBank Ushers in a new era of Industrial AI!

ABB is undergoing the largest restructuring of its industrial structure in years, selling its robotics division to Japan's SoftBank Group for $5.38 billion. With this step, the Swiss company is drawing a line under one of its most prestigious fields of innovation while simultaneously strengthening its balance sheet. In return, SoftBank gains access to cutting-edge automation technology and positions itself as a global driver of a new AI-focused industry. In the future, ABB will focus on electrification and automation Originally, ABB planned...