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ABB to Sell Robotics Division for $5.4 Billion
Yahoo Financeยท 2025-10-13 15:29
Core Insights - ABB is selling its robotics business to SoftBank for approximately $5.4 billion, marking a strategic shift for ABB [1][2] - SoftBank aims to integrate ABB Robotics into its vision of advancing Artificial Super Intelligence (ASI) and robotics [1] - ABB's chairman stated that the divestment will create immediate value for shareholders while the company's long-term strategy remains unchanged [2] Group 1: Company Strategy - The deal represents a shift in ABB's strategy, moving away from plans to spin off its robotics division into a separate entity [2] - ABB will continue to focus on its leading positions in electrification and automation despite the divestment [2] Group 2: SoftBank's Vision - SoftBank's founder, Masayoshi Son, emphasized the importance of physical AI as the company's "next frontier" [1] - Son envisions ASI as a technology that could be 10,000 times smarter than any human genius, with a timeline of about ten years for its development [1]