An ABB IRB 1600ID industrial robot stands on display at the ABB Ltd. exhibition stand during the Automatica trade fair in Munich, Germany. (Photographer: Martin Leissl/Bloomberg)

ABB to Invest $150 Million in Robotics Factory in Shanghai

(Bloomberg) -- ABB Ltd. will invest $150 million to build a robotics factory in Shanghai, as the Swiss manufacturer capitalizes on China’s rising consumption and aspiration to transform into a tech...

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