4 ms·
The fusion with Brown Boveri was like you say a fusion, not an acquisition. The HQ needs to be somewhere, but ABB is apart from that about as much Swedish as S
by mongol 6y ago
The fusion with Brown Boveri was like you say a fusion, not an acquisition. The HQ needs to be somewhere, but ABB is apart from that about as much Swedish as Swiss. Asea was one of the companies within the influence of the Wallenberg family and their company Investor were as of 2015 the largest individual shareholder of ABB.
- adrian_b 6y agoYou are right. I agree that it is correct to view ABB as half Swedish. I was exaggerating a bit, as a counterbalance to the weird statement to which I was replying. Nevertheless, while ABB is a great company, its importance as a semiconductor manufacturer is minimal. ABB sells electronic equipment, which is made with components made elsewhere, except for some high-power thyristors that are made by themselves. Thyristors are the easiest to make among semiconductor devices that are still used. The only really difficult part to make are the high-quality silicon wafers from which they are made, but ABB does not make the wafers. Most likely they purchase the wafers from Japan, or maybe from Germany.