A well-known American robot brand, iRobot, was acquired by a Chinese company due to financial difficulties.

Foreign media: The manufacturer of Roomba, iRobot, announced bankruptcy due to financial difficulties and will be acquired by Chinese supplier Picea Robotics.

iRobot was once a well-known American home robot brand, but in recent years has been hit hard by Chinese competitors, leading to a significant drop in market share. In 2024, iRobot's revenue was $681 million, a 24% decrease year-on-year, and it is burdened with massive debt. High tariffs imposed by the Trump administration on Vietnam further weakened its competitiveness, increasing costs by $23 million.

Additionally, Amazon had planned to acquire iRobot, but the deal was terminated due to regulatory review, which also accelerated iRobot's decline. Currently, nearly 70% of the global smart robot vacuum cleaner market is dominated by Chinese brands.

Original article: toutiao.com/article/1851753057717248/

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