China constitutes 50% of the global market for robots, according to data from the International Federation of Robotics (IFR).

ABB has not yet observed high-volume industrial applications for the humanoid robot form factor.

During the COVID-19 pandemic, ABB re-engineered its supply chains to become more resilient against potential shortages.

ABB started its robotics business in 1974 and was the first company to introduce microprocessor controls into the robotics space.

In March, ABB announced a collaboration with NVIDIA to improve robotic simulation by combining NVIDIA's accelerated compute with ABB's industrial robotics expertise.

ABB's virtual simulation technology can reduce a product's time-to-market by approximately 50% and total costs by about 40%.

Through its partnership with NVIDIA, ABB can now recreate robot motion in a virtual environment with 99% accuracy compared to the physical robot.