Viam Inc. on Tuesday announced a partnership with Universal Robots under Teradyne Inc. (TER) for collaborative robotic solutions. Universal robots will be the go to partner for Viam as it is set to expand its industrial robotic solutions.
It is and AI-powered robotic surfacing system that enhances manufacturing efficiency and consistency overall. Viam aims to address labor shortages by automating labor and demanding tasks in the field of production.
The partnership extends to diverse fields and applications also including marine manufacturing and furniture. Viam's robotic block sanding solution technology is set to debut at Metstrade 2025 from 18-20 November in Amsterdam.
TER is currently trading at $165.05, down $2.39 or 1.42 percent on the Nasdaq.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.