SoftBank, known for its earlier venture with the emotional robot Pepper, is making a significant move in the robotics sector through a $5.4 billion acquisition of ABB’s robotics division.
The acquisition is pending regulatory approval and is expected to enhance SoftBank’s presence in the robotics industry. The Japanese conglomerate already has stakes in companies including Skild, AutoStore Holdings, and Agile Robots.
SoftBank’s renewed focus on robotics stems from founder Masayoshi Son’s vision of advancing the capabilities of Physical AI. “This marks a groundbreaking evolution that will propel humanity forward,” Son stated.
Robotics is one of four key sectors where SoftBank intends to concentrate its investments, alongside areas like chip technology, data centers, and energy, as well as enterprises leading in generative AI.
