US consumer robotics giant iRobot has reportedly fallen into a severe financial crisis. As of November 24, the company owed over $350 million (approximately 2.5 billion RMB) to its Chinese OEM partner, Shenzhen-based SunChuan Robotics. Its cash reserves have dwindled to just $24.8 million, putting it on the verge of technical bankruptcy.
iRobot was founded in 1990 by professors from MIT. In 2002, it launched the first Roomba robotic vacuum cleaner, at one point holding over 80% of the US robotic vacuum market. Its products were also widely used in military, rescue, and other fields.
In 2022, t
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