SpaceX Stock Falls Below IPO Price as Investors Weigh Losses and Lockup Expiry 
UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
PayPal Rejects $53 Billion Stripe-Advent Takeover Offer as Too Low: Report 
Netflix Stock Drops After Weak Q3 Outlook Overshadows Mixed Q2 Earnings 
Sam Altman Admits OpenAI Missteps, Promises Major AI Comeback Focused on User Freedom 
Asian Stocks Slide as Nikkei Leads Losses on Tech Selloff and Rising U.S.-Iran Tensions 
Trump Threatens Higher Canada Tariffs as Wildfire Smoke Sparks U.S. Air Quality Crisis 
United Airlines Beats Q2 Earnings, Raises 2026 Profit Outlook Despite Higher Fuel Costs 
Mikron H1 2026 Sales Fall 5.9% as Automation Weakness Weighs on Profit 
DeepSeek Eyes $74 Billion Valuation Ahead of Planned China IPO 
Volvo Cars Q2 Profit Falls as Automaker Bets on EX60 EV to Drive Recovery 
Asian Currencies Stay Rangebound as Middle East Tensions, Weak China GDP Weigh on Sentiment 
Nvidia Partners With Fanuc and Yaskawa to Accelerate AI Robotics in Japan 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
Brent Oil Jumps 16% for Best Week Since April as US-Iran Conflict Fuels Supply Fears 
Apple Intelligence Cleared for China as Alibaba and Baidu AI Power iPhone Features 
Seven & i Eyes Żabka Stake in Major European Expansion Push 
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.
