China blocked Japanese billionaire Masayoshi Son’s SoftBank Group's takeover of ABB’s robotics unit, derailing the Japanese investment firm’s push into physical AI. China Blocks $5.4 Billion ABB Robotics Deal With Billionaire Masayoshi Son’s SoftBank China blocked the proposed sale of ABB’s…
Sunday November 08, 2026 China has blocked Japanese investment firm SoftBank Group's planned $5.4 billion acquisition of Swiss engineering company ABB's robotics business, dealing a setback to its ambition to expand into physical artificial intelligence (AI), according to Bloomberg. ABB confirmed the decision…
Nov 7 (Reuters) - Japan's SoftBank and Swiss engineering group ABB are looking at carving out the Chinese element of a $5.4 billion robotics deal which was blocked earlier this week by Beijing, Bloomberg News reported on Saturday, citing people familiar with the…
China has blocked Japanese investment conglomerate SoftBank Group’s proposed $5.4 billion acquisition of the robotics business of Swiss-Swedish engineering giant ABB, dealing a significant setback to founder Masayoshi Son’s ambitions to expand into physical artificial intelligence (AI). According to a report…
By the end of the week, that uncertainty weighed heavily on AI stocks as unpleasant developments for bulls emerged. We reported Friday afternoon that Microsoft was winding down its agreement to rent AI cloud capacity from Oracle. A separate report…
From equipment to services: the computing-power business model shifts From the contract structure, the combination of 4.915 billion yuan, 60 months and monthly settlement is seen by some industry observers as a sample of the shift in the logic of computing-power supply:…
Home » World » China Blocks SoftBank’s $5.4 Billion Robotics Deal as US Tech Tensions Escalate China has blocked a $5.4 billion acquisition of Swiss engineering giant ABB’s robotics division by Japan’s SoftBank Group, raising questions about whether Beijing is responding to Washington’s restrictions…
SoftBank Group (TSE:9984) has had its planned $5.4b purchase of ABB's robotics division blocked by Chinese regulators. China's competition and security authorities cited national security and supply chain risks in rejecting the cross border deal. The decision disrupts SoftBank's plan to…
Elon Musk said SoftBank is defaulting on its turbine orders, on a day its shares fell 10.8% and Masayoshi Son lost $3.9 billion. American billionaire Elon Musk said Masayoshi Son's SoftBank Group Corp. is defaulting on orders for gas turbines, the equipment…
"SoftBank is defaulting on their turbine orders," Elon Musk wrote Friday, as shares of SoftBank Group Corp. (OTC:SFTBY) plunged 10.8% amid a wider selloff in AI infrastructure stocks. Musk was replying to a post by Katie Miller, a conservative podcast…
SoftBank's bets on artificial intelligence: its OpenAI stake and the loans behind it, Stargate and SB Energy, its Nvidia sale and Masayoshi Son.
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