Founded in 1990 by three M.I.T. researchers, iRobot introduced its vacuum in 2002. Its restructuring will turn the company over to its largest creditor.
Roomba vacuums on display in California last year. The chief executive of iRobot said the company’s acquisition by its Chinese supplier would secure its “long-term future.”
European chipmakers need TSMC’s help to grow their own semiconductor supply chain, but the chip giant’s Taiwanese suppliers find Europe a tough place to do business.
President Trump has threatened to cancel a meeting with China’s top leader, Xi Jinping, who spoke at the Global Leaders’ Meeting on Women in Beijing on Monday.
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