LISTEN: ABB to Sell Robotics Divison for $5.4 Billion

An engineering brand synonymous with bots will divest its robotics division.ABB has announced that it is selling this business to SoftBank – a Japanese financial holding company with a heavy emphasis in technology.SoftBank owns significant stakes in major companies like Nvidia and T-Mobile, and recent reports have suggested that the firm is carving out a strategic growth plan specific to AI.And that’s likely where ABB comes in.