on 26-Feb-2026 26 February 2026 Asia Industrial Technology and Asia Emerging Robotics Humanoid Robotics: The path to 1 million annual shipment Jay Huang, Ph.D. +852 2123 2631 jay.huang@bernsteinsg.com Dien Wang, Ph.D. +852 2123 2622 dien.wang@bernsteinsg.com Weibin Liang, Ph.D. +852 2123 2666 weibin.liang@bernsteinsg.com Humanoid robot performance continues to impress (Asia Emerging Robotics: Key surprises from the 2026 Spring Festival Gala), but investors also continue to challenge its actual use and path ...

February 26, 2026 08:21 PM GMT Robotics | North America Humanoid Horizons: Can US and China Collaborate on Robots? China-based robotics suppliers appear to be targeting a deeper US market expansion at the same time that US companies are pushing for new domestic capacity. The upcoming Trump/Xi meeting could shape the direction of US-China robotics engagement in the years ahead. Key Highlights on Humanoids 2 Months into 2026: | M February 26, 2026 08:21 PM GMT Humanoid Horizons: Can US and | Morgan Stanley & ...

ANCHOR REPORT Global Markets Research 23 February 2026 Global Physical AI – Industrial scaling begins Execution economics will decide the winners While market attention remains centered on AI capability, we believe execution economics – manufacturing scale, supply-chain integration, and deployment readiness – will ultimately determine the winners. As a result, currently value creation structurally favors system integrators with capital endurance and industrial testbeds, rather than pure-play technology inno ...

J P M O R G A N Global Markets Strategy 22 February 2026 This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the territory of Mainland China. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. Asia Equity Strategy From a 'rotation' to an 'allocation' mindset in China When we upgraded China to OW in our Asia allocation late last November (2026 O ...

Core Insights - China's innovation landscape is evolving into an integrated "innovation mosaic" with key hubs in the Greater Bay Area, Yangtze River Delta, and Beijing-Tianjin-Hebei region, focusing on high-tech self-reliance and specialized industrial development [1][3][12] Group 1: Innovation Hubs - The Greater Bay Area (GBA) is a leader in drone production (90% of national total) and industrial robots (40% of national total), emphasizing embodied AI and deep-sea exploration [5] - The Yangtze River Delta acts as a massive R&D lab, with Shanghai advancing brain-computer interfaces and 6G, while Anhui has shifted to quantum computing and nuclear fusion [6] - The Beijing-Tianjin-Hebei zone is focused on breaking bottleneck technologies and enhancing synergy between Beijing's tech and Tianjin's manufacturing [7] Group 2: Regional Specialization - Provinces are carving out niches, with Shaanxi focusing on attosecond lasers, Shandong utilizing its coastline for satellite launches, and Hubei developing a global center for optoelectronics [11] - Inner Mongolia and Guizhou are becoming digital hubs, with Inner Mongolia achieving 220,000 PetaFLOPS in computing power and Guizhou attracting over 150 Huawei cloud partners [9] - Ningxia and Qinghai are transitioning to green hydrogen and zero-carbon computing, with Qinghai's clean energy capacity exceeding 93% [10] Group 3: Strategic Planning - The groundwork for the 15th Five-Year Plan (2026-2030) emphasizes high-level technological self-reliance, aiming to create resilient national clusters by 2026 [12] - The upcoming national Two Sessions will solidify these provincial innovations into a strategic blueprint for China's future industries [13]

Core Viewpoint - Retail traders are focusing on a potential short squeeze in Richtech Robotics (RR) rather than the company's fundamentals, following a scandal regarding its relationship with Microsoft [1] Company Overview - Richtech Robotics specializes in developing, manufacturing, and deploying robotic solutions for automation [1] - The company's stock price is currently at $2.74, down 28% over the past month due to allegations of misrepresentation regarding its Microsoft relationship [1] Financial Performance - Richtech's revenue has fallen 42% from its FY2023 peak of $8.76 million to $5.05 million in FY2025 [1] - The company reported an operating loss of $17.9 million, with SG&A expenses tripling to $17.5 million [1] - Richtech holds $328.5 million in cash but has a quarterly cash burn of $11.8 million against just $1.1 million in revenue [1] Market Sentiment - Retail sentiment on Reddit has increased from a quarterly average of 77.6 to 84.8, driven by speculation around a short squeeze [1] - Short interest in Richtech is at 25.28% of float, significantly higher than the peer group average of 5.43% [1] Legal Issues - At least eight law firms have filed class-action suits against Richtech, with a lead plaintiff deadline set for April 3, 2026 [1] - The allegations stem from a claim that Richtech mischaracterized its relationship with Microsoft, leading to a significant drop in stock price [1] Analyst Ratings - HC Wainwright maintains a Buy rating on Richtech with a price target of $6, suggesting over 100% upside potential, although this rating predates the Microsoft dispute [1]

Why China’s humanoid robot industry is winning the early market https://t.co/ShxgLsxY7M ...

Core Insights - Google is transitioning its internal robotics software project, Intrinsic, from the "Other Bets" category to its main operations, similar to its strategy with the Android operating system [1][5] Group 1: Company Strategy - Intrinsic aims to create an operating system for robotics that allows manufacturers to focus on problem-solving rather than technical complexities, akin to how Android operates for mobile devices [4] - By integrating Intrinsic within Google, the project will have closer access to Google's AI models, infrastructure, and cloud tools, while still operating under its own brand and leadership [5] Group 2: Market Potential - The general-purpose robotics market is projected to reach $370 billion by 2040, presenting a significant opportunity for Google as AI technology expands from digital applications to physical robotics [3] - Intrinsic partners with companies like FANUC, Universal Robots, and KUKA, which are focused on industrial robotics, positioning itself in a competitive landscape that includes potential rivals such as Amazon and Tesla [2]

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Richtech Robotics Inc. for alleged violations of federal securities laws, with a deadline for investors to seek lead plaintiff status by April 3, 2026 [1] Group 1: Legal Investigation - The firm is encouraging investors who suffered losses in Richtech to contact them directly to discuss their legal options [1] - The complaint alleges that Richtech and its executives made false and misleading statements regarding a non-existent collaborative relationship with Microsoft [1] - The stock price of Richtech fell by $1.06, or 20.87%, closing at $4.02 on January 29, 2026, following a critical report questioning the company's Microsoft collaboration [1] Group 2: Class Action Details - The lead plaintiff in the class action will be the investor with the largest financial interest who is also typical of class members [1] - Any member of the putative class can move the court to serve as lead plaintiff or choose to remain an absent class member without affecting their ability to share in any recovery [1] - Faruqi & Faruqi is also seeking information from whistleblowers, former employees, and shareholders regarding Richtech's conduct [1]

中新网南京2月28日电 题："一马当先"：江苏机器人产业新年开工即开跑 作者 张传明 农历丙午马年的春节假期刚结束不久，经济强省江苏的机器人产业早已"马上开工"奔向新征程。在南京 一家工厂车间外，一批批机器人正加紧装车，满载"江苏智造"的货车一辆接一辆汇入年后繁忙的开工物 流中。 机器人在 春节假期的景区演出。泱波 摄 据数字货运平台运满满的大数据显示，刚进入2026年，今年1月1日至2月5日，该平台上的机器人货运量 就同比增长了46.24%。即使在春节假期间，机器人的货运量同比也有大幅增长。 与此同时，消费端的机器人同样获得青睐。据苏州科沃斯集团相关负责人介绍，春节期间，该企业扫地 机器人的主打型号在天猫、京东、抖音三大平台市占率均居头部，线下销量同样领先。"机器人在家务 领域的开拓可谓是日新月异，从扫地到陪伴，春晚小品里的场景不久都会实现。"该负责人透露，春节 假期企业的生产线也没有停工，为即将上市的扫地机器人新品及陪护型机器人做好"备货"。 据运满满相关负责人分析，从发货地和运输轨迹来看，江苏的苏州、常州、南京等地均位于机器人发货 主力城市前列，"江苏造"机器人正源源不断奔赴各地的商场超市、文旅景点、学 ...