ABB is confident the use of robotics in China’s SME sector will grow in the double digits in the years to come. Photo: AFP

Zurich-based robotics giant ABB expects Chinese electric vehicle makers and SME sector to keep Shanghai plant busy

  • Swiss-Swedish company is investing US$150 million in factory
  • With an annual capacity of more than 100,000 robots, plant represents ‘quantum leap’ for ABB
Topic |   Robotics

TOP PICKS

ABB is confident the use of robotics in China’s SME sector will grow in the double digits in the years to come. Photo: AFP
READ FULL ARTICLE
Richard Tang, chief financial officer of Cloudminds Technology. Photo: Handout

Softbank-backed firm wants to put 100,000 cloud-based robots in the market by 2021, to seek US$300 million in private funding

  • Santa Clara, California-based Cloudminds Technology valued at US$440 million in 2017 funding round
Topic |   Technology

TOP PICKS

Richard Tang, chief financial officer of Cloudminds Technology. Photo: Handout
READ FULL ARTICLE