Taiwan Humanoid Robot Supply Chain_ Exploring supply chain opportunities_ prefer BizLink, Sinbon over HiWin. Thu Feb 20 2025

Summary of Taiwan Humanoid Robot Supply Chain Research Industry Overview - The Taiwan humanoid robot supply chain is primarily focused on manufacturing components such as cables and reducers, with key players including BizLink, Sinbon, and HiWin [2][4][17] - The ecosystem is rapidly evolving, driven by established companies and innovative startups, particularly in the U.S. and China [5][6] Key Companies and Their Positions - Sinbon (3023 TT, OW): - Strength in incubating high-potential startups, developing projects with clients like Figure AI and Agility [4] - Expected to start small-volume shipments in 2025, with modest revenue exposure (<1%) initially [4] - BizLink (3665 TT, OW): - Involved in humanoid robot projects through ties with a major U.S. EV maker [4] - Competitive edge due to proximity to humanoid robot startups in California [4] - HiWin (2049 TT, UW): - Currently has 7% revenue exposure to industrial robots but lacks confirmed projects in humanoid robotics [4] - Expected solid orders for semiconductor equipment benefiting from TSMC's localized supply chain strategy [4] Market Dynamics - The humanoid robot market is characterized by high customization, leading to a high-mix, low-volume service model [17][19] - Taiwanese suppliers benefit from a strong semiconductor and AI ecosystem, particularly with Nvidia's platforms [17][18] Opportunities - Taiwanese supply chain advantages include: - Familiarity with Nvidia's platforms for system integration [17] - High precision and strong R&D support during product development [2][17] Challenges - Higher production costs compared to Chinese manufacturers due to smaller manufacturing scale [20] - Lack of comprehensive policy support for the humanoid robot industry in Taiwan, contrasting with initiatives in China [20][21] Production Plans and Specifications - Tesla plans to produce "several thousand" units of its Optimus robot in 2025, while Unitree Technology produced 1,000 Agibots in 2024 [5] - Agility Robotics' Digit is already implemented in logistics but lacks clear production unit numbers [5] Conclusion - The Taiwanese humanoid robot supply chain presents both opportunities and challenges, with companies like Sinbon and BizLink positioned favorably for growth, while HiWin faces hurdles due to a lack of confirmed projects [2][4][20]