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Nov 5, 2026

China blocks SoftBank's $5.4 billion acquisition of ABB's robotics division

Chinese regulators have blocked SoftBank Group's deal to acquire ABB's robots unit, according to reports from the Financial Times and other outlets. ABB confirmed it has been informed by SoftBank that Chinese authorities rejected the transaction.

Nov 5, 2026·3 sources

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Top claims

▪SoftBank Group Corp.'s proposed acquisition of ABB's robotics division cleared China's competition review in February 2026 before becoming subject to a foreign investment security review by the National Development and Reform Commission
▪China serves as the largest market for ABB Ltd.'s robotics division, with more than 90% of its robots for Chinese customers manufactured locally
▪ABB Ltd. stated on November 5, 2026, that it remains in close dialogue with SoftBank Group Corp. and that both companies are working constructively on the transaction involving ABB's robotics division

Topics

AI robotics International trade Financial ties World affairs OpenAI AI training data

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Shanghai China Tokyo United States Japan