Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Australian Household Spending Dips in December as RBA Tightens Policy 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Anta Sports Expands Global Footprint With Strategic Puma Stake 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
UK Starting Salaries See Strongest Growth in 18 Months as Hiring Sentiment Improves 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Oil Prices Slip as U.S.-Iran Talks Ease Middle East Tensions 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Doosan Group has signed a memorandum of understanding contract with the Milwaukee, Wisconsin-headquartered industrial automation company Rockwell Automation. The deal will help the South Korean conglomerate with its expansion to the US market.
The Korea Economic Daily reported that Doosan revealed on Sunday, April 30, that it signed the MOU with Rockwell Automation on April 25 when President Yoon Suk Yeol and his delegation flew to Washington, DC, for a state visit.
Under the agreement, Rockwell Automation will supply Doosan with hardware and software for manufacturing automation in several business fields such as automobile, semiconductor, and bio. They will then work on the development of robot solutions together.
The Korean machinery powerhouse will also use the deal with the top automation solution provider in North America to boost its market share in the global robot industry, which is growing rapidly today. The growth is due to the soaring demand for automation in this period of digital transformation.
“The collaboration with the global industrial automation leader Rockwell is expected to diversify solutions related to collaborative robots and increase opportunities for supplies of those robots,” Moon Hong Sung, Doosan Corporation’s president, said in a statement. “We will develop the solution into a new business opportunity for both Doosan and Rockwell by applying it not only to Doosan but also to various plants to prove its effectiveness.”
Doosan Robotics Inc., a subsidiary of the Doosan Group, will supply the robots that they will build to Rockwell. As per Yonhap News Agency, the machines are set to be distributed to Rockwell Automation’s manufacturing facilities, including welding, assembling, inspection, palletizing, and machine-tending.
Meanwhile, the Doosan Group is looking for its future growth engines in the automation and semiconductor industries since it has been working on digital transformation for quite some time now. Currently, its Doosan Robotics unit ranks No. 5 in the global collaborative robot market.
