SIASUN(SZ:300024) Sou Hu Cai Jing·2025-11-28 02:52Core Viewpoint - The robot industry is still in its exploratory phase, and the "elimination race" has not yet begun, with large-scale application of general humanoid robots requiring at least seven more years [5][20][21]. Industry Insights - China's advantages in the robot industry include high industrial efficiency, a complete supply chain, a large application base, and ample talent reserves, positioning it well for global competition [6][25]. - The leading players in the market have made significant progress in technology and talent accumulation, while new entrants require more resource support to compete effectively [7][19]. Company Developments - DiGua Robotics, emerging from Horizon Robotics, is redefining industry rules by focusing on chip technology, having launched the first embedded AI visual chip in China, the Xuri 1.0 processor, in 2017 [8]. - The company has secured $100 million in Series A financing in May 2023, with participation from notable investment firms [8]. - DiGua Robotics plans to release the S600, a high-performance computing platform for embodied intelligence robots, in the first quarter of 2026 [9]. Strategic Positioning - DiGua Robotics positions itself as a "technical partner" for companies developing robotic hardware, focusing on providing foundational software and hardware infrastructure rather than building robots themselves [11][12]. - The company aims to become the "Wintel" of the robotics field, emphasizing the importance of software and algorithms in the next decade [15]. Talent Acquisition - The competition for top talent in the robotics sector is intense, similar to trends seen in the AI industry, with established companies offering attractive packages [16]. - DiGua Robotics focuses on attracting talent that shares its values and vision, rather than solely relying on high salaries [17]. Market Dynamics - The current influx of capital into the robotics sector has led to concerns about potential market bubbles, with established players better positioned to secure funding compared to new entrants [19]. - The robot industry is expected to have a higher tolerance for multiple players compared to consumer goods, with various paths for development, including industrial and healthcare applications [20].