Computer & Communication Industry Association
Computer and Communications Industry Association
Computer & Communication Industry Association
Computer and Communications Industry Association
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Washington – A US robotic vacuum manufacturer’s stock is dropping after announcing it may indeed go out of business. This comes after the Federal Trade Commission signalled opposition to a deal last year between Amazon and Roomba manufacturer iRobot. This failed acquisition led to job losses and the decline of a company that sought to compete with mostly Chinese manufacturers of robotic vacuum cleaners.
While there was no plausible risk to competition from a U.S. retailer acquiring a struggling U.S. vacuum maker in a sector overtaken by dynamic Chinese manufacturers, the abandonment of this deal resulted in a loss of American jobs and further ground being conceded in the market to Chinese companies.
The Computer & Communications Industry Association has advocated for innovation and a competitive tech industry since 1972.
“This news of iRobot’s potential demise is unfortunately not surprising. This result should serve as a cautionary tale for the incoming FTC that efforts to block low-risk mergers will mean US job losses and companies like iRobot being sold for scrap – possibly to Chinese competitors. Competition policy should benefit competition – not competitors.”
CCIA is an international, not-for-profit trade association representing a broad cross section of communications and technology firms. For more than 50 years, CCIA has promoted open markets, open systems, and open networks. CCIA members employ more than 1.6 million workers, invest more than $100 billion in research and development, and contribute trillions of dollars in productivity to the global economy.
CCIA is an international, not-for-profit trade association representing a broad cross section of communications and technology firms. For more than 50 years, CCIA has promoted open markets, open systems, and open networks. CCIA members employ more than 1.6 million workers, invest more than $100 billion in research and development, and contribute trillions of dollars in productivity to the global economy.
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