Under the robot hardware boom, capital and capabilities shift to internal components

The article analyzes how financing in the robotics industry is shifting from complete robots to capability layers such as embodied brains, motion control, dexterous hands, and data: in the first half of 2026, financing for core humanoid robot components exceeded 21 billion yuan, up 192% year on year, while financing for complete-robot companies was about 5.6 billion yuan in the same period. It cites financing cases including Moushen Intelligence, Deta Intelligence, and Yaole Technology, as well as deployment data from AgiBot and Figure, and points to three major constraints: insufficient data, shallow scenarios, and unclear technology roadmaps.