Market Chatter: US Legislators Seek Probe into Vacuum Maker IRobot Bankruptcy, China Control

MT Newswires Live
01/09

Two U.S. lawmakers called on Treasury Secretary Scott Bessent to review a proposal to transfer the control of vacuum maker iRobot to main Chinese supplier Shenzhen PICEA Robotics as part of bankruptcy proceedings, Bloomberg reported Thursday, citing a letter.

The transaction "raises substantial national security and data privacy concerns" that need scrutiny by the Committee on Foreign Investment in the U.S., the report said, citing a letter written by Representatives Ritchie Torres and Zach Nunn.

The transaction also runs the risk of U.S. technology being controlled by a "foreign adversary" as iRobot's Roomba vacuums are installed with mapping technology, cameras, and sensors that collect floor plans from "tens of millions of American homes," Bloomberg said, citing Torres and Nunn.

IRobot filed for Chapter 11 bankruptcy, proposing that PICEA take 100% of the company, it said in a Dec. 14 press release.

Shenzhen PICEA Robotics subsidiary Santrum Hong Kong acquired $191 million in iRobot's outstanding debt in principal and interest from a $200 million loan from Carlyle, according to a previous Bloomberg report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10