Good morning dear Getquin community 👋

Today I would like to introduce you to The Humanoid 66 and what it's all about. The market for humanoid robotics is just taking off and is facing one of the biggest upheavals since the advent of the automobile. Morgan Stanley and Goldman Sachs expect the market to be worth between 38 billion and three trillion US dollars by 2035. By 2050, over 60 million humanoid robots could be in use in the USA alone.

With The Humanoid 66, Morgan Stanley has compiled a list of 66 companies that are likely to benefit directly or indirectly from this development. These include not only the manufacturers themselves, but also suppliers and technology groups that provide the necessary infrastructure, from semiconductor and battery producers to sensor technology and software through to platform operators for artificial intelligence.

The leading players include $TSLA (+0,22%) Tesla with Optimus, Figure AI with Figure 02, Agility Robotics with Digit, Boston Dynamics with Atlas and Unitree with H1 and G1. Tesla is already planning to use more than a thousand Optimus robots in its own factories by 2024. The goal is clear: to make humanoid machines suitable for mass production at prices between 20,000 and 30,000 US dollars. Figure AI works closely with $MSFT (+0,37%) Microsoft, OpenAI and $BMW (+0,37%) BMW and was able to raise over 675 million US dollars in a financing round.

Technological progress is the key driver of this development. Multimodal generative AI enables humanoid robots to understand speech, communicate with humans and perform tasks autonomously. Advances in actuator technology, LiDAR systems, force sensors and battery technology are making the machines more efficient and more human-like. The energy density of modern lithium-ion cells is increasing by around 20 percent every two years, while the cost per kilowatt hour is expected to fall to 80 US dollars by 2030.

At the same time, wage costs for human labor are rising significantly. In the USA, they currently stand at just under 40 US dollars per hour, while in China they are around 6.50 US dollars and in India 4.45 US dollars. Studies show that automation can reduce labor costs in industrialized countries such as Germany, Japan and the USA by up to a third by 2025. Sectors such as agriculture, construction, care, logistics and manufacturing, where millions of jobs remain unfilled today, will be particularly affected.

The Humanoid 66 shows that this change goes far beyond individual companies. A new industrial ecosystem is emerging that links hardware, software, energy and data. Price reduction, scalability and integration into existing value chains will determine who will be among the winners.

Takeaway: Humanoid robotics is no longer a vision of the future, but the beginning of a structural reorganization of the global economy. Those who invest early in key areas such as AI chips, batteries, sensor technology and automation are positioning themselves in a sector that is likely to have a similarly profound impact as the invention of the car. The crucial question is just how far society is prepared to accept and integrate this new form of workforce.

For those who want to delve deeper: These are the companies featured in the Morgan Stanley report Humanoids @Tenbagger2024
@Multibagger

1. Tesla - USA - $TSLA (+0,22%)

2. Toyota - Japan - $7203 (+0,33%)

3. Xpeng - China - $XPEV (-1,22%)

4. Naver - South Korea - (not listed)

5. CATL - China - $3750 (+2,01%)

6. LG Energy Solution - South Korea - $373220 Subsidiary of LG

7. Samsung / Samsung SDI - South Korea - $SMSN (+1,55%)

8. SK Innovation - South Korea - $096770

9. HD Hyundai Infracore / Doosan (component) - South Korea - $042670

10. Hengli Hydraulic - China - $601100

11. NTN - Japan - $6472 (+0,51%)

12. NSK - Japan - $6471 (+1,12%)

13. Sanhua - China - $002050

14. Siemens - Germany - $SIE (+0,23%)

15. Top Group ("Topu") - China - $601689

16. Ambarella - USA - $AMBA (+0,6%)

17. Synopsys - USA - $SNPS (+0,52%)

18. NXP - Netherlands / USA - $NXPI (+0,92%)

19. Qualcomm - USA - $QCOM (+0,66%)

20. TSMC - Taiwan - $TSM (+1,2%)

21. Wolfspeed - USA - $WOLF

22. ARM - UK - $ARM (+0,42%)

23. onsemi - USA - $ON (+0,65%)

24. cadence - USA - $CDNS (+0,57%)

25. STMicroelectronics - Netherlands - $STM (+0,91%)

26. NVIDIA - USA - $NVDA (+0,22%)

27. SK hynix - South Korea - $HY9H (+2,7%)

28. sociionext - Japan - $6526

29. SMIC - China - $0981

30. infineon - Germany - $IFX (+0,58%)

31. Renesas - Japan - $6723 (-2,19%)

32. Dassault Systèmes - France - $DSY (-1,89%)

33. Mobileye - Israel / Intel ecosystem - $MBLY

34. Hexagon - Sweden - $HEXA B (+0,55%)

35. Knight Transportation - USA - $KNX (+0,26%)

36. DSV - Denmark - $DSV (+0,55%)

37. Werner Enterprises - USA - $WERN (+0%)

38. DHL Group - Germany / international - $DHL (+0,24%)

39. Kuehne + Nagel - Switzerland - $KNIN (-0,16%)

40. Obayashi - Japan - $1802 (+0%)

41. China State Construction Engineering Corporation (CSCEC) - China - $601668

42. RBG (presumably an Asian construction company) - (not listed)

43. Shimizu - Japan - $1803 (+0,86%)

44. Taisei - Japan - $1801 (-0,8%)

45. Baker Hughes - USA - $BKR (-0,84%)

46th SLB (Schlumberger) - USA - $SLB

47. Tenaris - Luxembourg / multinational - $TEN (+0,41%)

48. Halliburton - USA - $HAL (+1,15%)

49. amazon - USA - $AMZN (+0,5%)

50th Coupang - South Korea $CPNG (+0,35%)

51. JD.com - China - $JD (-0,18%)

52. BMW - Germany - $BMW (+0,37%)

53rd Mercedes-Benz - Germany - $MBG (+0,23%)

54th General Motors - USA - $GM (-0,15%)

55. BYD - China - $1211 (-0,54%)

56. Stellantis - NL / multinational - $STLAM (+0,23%)

57. Ford - USA - $F (-3,51%)

58. McDonald's - USA - $MCD (+0,15%)

59th Domino's - USA - $DPZ (+0,33%)

60. BGF Retail - South Korea - $282330

61. GS Retail - South Korea - $007070

62nd Lotte - South Korea - $004990

63. Yum China - China - $YUMC (-0,57%)

Source: Morgan Stanley Research Bluepaper Humanoids Investment Implications of Embodied AI and Stock3 drumbeat of Germany's humanoid robot manufacturers The Humanoid 66, 05.10.2025

https://api.guidants.com/db/e6/4/e134c52068e8c98a.pdf

After my first post on humanoid robots received a lot of positive feedback, I went into more detail. I have subsequently added my favorites in each sector.

Extended analysis of the value chain including shovel manufacturers and potential hidden champions

New categorySecondary key sectors (sales, marketing, financing)

In additionTop 25 companies worldwide, as well as Top 10 Europe and Top 10 Asia

I have also added a video link for beginners. This will give you an idea of how far the development of humanoid robotics has already progressed.

https://www.stern.de/panorama/wissen/humanoider-roboter---wie-reagiert-er-auf-beleidigungen--35996156.html

Thank you for your attention and your support 🙏

🌐 1. value chain of humanoid robots (with hidden champions)

1. research & chip design

$ARM (+0,42%) ARM (UK) - CPU-IP, energy-efficient processors

$SNPS (+0,52%) Synopsys (US) - EDA software, chip design

$CDNS (+0,57%) Cadence (US) - EDA & Simulation

$PTC PTC (US) - Engineering Software, CAD/PLM

$DSY (-1,89%) Dassault Systèmes (FR) - 3D Design & Digital Twin

$SIE (+0,23%) Siemens (DE) - Industrial Software & Lifecycle Mgmt

$ADBE (+0,81%) Adobe (US) - Design, AR/UX

ANSYS (US) - multiphysical simulation - acquisition by Synopsis

Altair (US) - CAE, simulation, digital twin - acquisition by Siemens

$HXGBY (+0,48%)
Hexagon (SE) - Metrology & Simulation

$AWE (+0,36%) Alphawave IP Group (UK) - High-speed chip IP for AI/robotics

1.Synopsis, 2.Siemens and 3.Adobe are my top 3 in this sector

2. manufacturing technology & equipment

$ASML (+0,92%) ASML (NL) - Lithography (EUV)

$AMAT (+1,04%) Applied Materials (US) - Semiconductor equipment

$8035 (+0,65%) Tokyo Electron (JP) - wafer fabrication

$KEYS (+1,54%) Keysight Technologies (US) - Metrology

$6857 (+2,13%) Advantest (JP) - Chip test systems

$TER (+0,86%) Teradyne (US) - test systems + cobots

$6954 (+0,69%) Fanuc (JP) - Industrial robots, CNC

$CAT (+0,61%) Caterpillar (US) - autonomous machines

$KU2G KUKA (DE) - industrial robots

Comau (IT) - automation - not listed on the stock exchange

$ROK Rockwell Automation (US) - industrial automation

$JBL (+0,46%) Jabil (US) - contract manufacturing (EMS/ODM)

$KIT (-2,12%) Kitron (NO) - European EMS/ODM manufacturer

$AIXA (+0,71%) Aixtron (DE) - deposition equipment for compound semiconductors

$LRCX (+0,23%)
Lam Research (US) - Etch/deposition systems

$MKSI (+0,64%)
MKS Instruments (US) - Plasma/vacuum technology

$ASM (+0,39%)
ASM International (NL) - Deposition systems

1.ASML, 2.Keysight Technologies, 3.Fanuc are my top 3 in this sector

3. chip manufacturing (foundries)

$TSM (+1,2%) TSMC (TW) - leading foundry

$SMSN (+1,55%) Samsung Electronics (KR) - foundry + memory

$GFS (+0,36%) GlobalFoundries (US) - specialty chips

$INTC (+0,08%)
Intel Foundry Services (US) - new western foundry player

$981
SMIC (CN) - largest Chinese foundry

$UMC
UMC (TW) - Power/RF/Embedded chips

1.TSMC, 2.Intel, 3.Samsung Electronics are my top 3 in this sector

4. computing & control unit ("brain")

$NVDA (+0,22%) Nvidia (US) - GPUs, AI chips

$INTC (+0,08%) Intel (US) - CPUs, FPGAs

$AMD (+0,55%) AMD (US) - CPUs, GPUs

$MRVL (+2,63%) Marvell (US) - Network Chips

$MU (+1,24%) Micron (US) - Memory

$DELL (+0,96%) Dell Technologies (US) - Edge & Infrastructure

Graphcore (UK) - AI chips (IPU) - not a listed company

Cerebras (US) - Wafer-scale engine - not a listed company

SiPearl (FR) - European HPC chip - not a listed company

1.Nvidia, 2.Marvell, 3.Micron are my top 3 in this sector

5. sensors ("senses")

$6758 (-0,76%) Sony (JP) - image sensors

$6861 (+0,64%) Keyence (JP) - Industrial sensors

$STM (+0,91%) STMicroelectronics (FR/IT) - Sensors, MCUs

$TDY Teledyne (US) - optical/infrared sensors

$CGNX (+0,54%) Cognex (US) - Machine Vision

$HON (+0,19%) Honeywell (US) - sensor technology, security

ANYbotics (CH) - autonomous sensor fusion - not a listed company

$AMBA (+0,6%) Ambarella (US) - video & computer vision SoCs for real-time image recognition

$OUST
Velodyne Lidar (US) - Lidar sensors - acquisition by Ouster

$AMS (+1,03%)
OSRAM (AT/DE) - optical sensors

1.Teledyne, 2.Keyence, 3.Ouster are my top 3 in this sector

6. actuators & power electronics ("muscles")

$IFX (+0,58%) Infineon (DE) - Power Electronics

$ON (+0,65%) onsemi (US) - Power & Sensors

$TXN (+0,51%) Texas Instruments (US) - Mixed-Signal Chips

$ADI (+0,93%) Analog Devices (US) - Signal Processing

$PH Parker-Hannifin (US) - Hydraulics/Pneumatics

$MP (+0,84%) MP Materials (US) - Magnets

$APH (+0,32%) Amphenol (US) - Connectors

$6481 (+0,41%) THK (JP) - Linear guides & actuators

$6324 (+2,03%)
Harmonic Drive (JP) - Precision gears & servo drives for robotics

$6594 (+2,07%)
Nidec (JP) - Electric motors

$6506 (+1,33%)
Yaskawa (JP) - Drives & Robotics

$SU (+0,44%)
Schneider Electric (FR) - Energy & control solutions

$ZIL2 (+0,3%)
ElringKlinger (DE) - Battery & fuel cell technology, lightweight construction

1.Parker-Hannifin, 2.MP Materials, 3.Infinion are my top 3 in this sector

7. communication & networking ("nerves")

$QCOM (+0,66%) Qualcomm (US) - mobile communications, edge AI

$ANET (-0,07%) Arista Networks (US) - Networks

$CSCO (+0,21%) Cisco (US) - Networks, Security

$EQIX (+0,32%) Equinix (US) - Data centers

NTT Docomo (JP) - 5G/6G carrier - not a listed company

$VZ Verizon (US) - Telecommunications

$SFTBY SoftBank (JP) - Carrier + Robotics

$ERIC B (+0,41%)
Ericsson (SE) - 5G/IoT infrastructure

$NOKIA (-0,27%)
Nokia (FI) - 5G/6G for industry

$HPE (+0,35%)
Juniper Networks (US) - Network technology - acquisition by HP

1.Arista Networks, 2.SoftBank, 3.Cisco are my top 3 in this sector

8. energy supply

$3750 (+2,01%) CATL (CN) - Batteries

$6752 (+1,52%) Panasonic (JP) - Batteries

$373220 LG Energy (KR) - Batteries

$ALB (+1,56%) Albemarle (US) - Lithium

$LYC (-1,33%) Lynas (AU) - Rare earths

$UMICY (-1,92%) Umicore (BE) - recycling

WiTricity (US) - inductive charging - not a listed company

$ABBN (+0,25%) Charging (CH) - charging infrastructure

$SLDP
Solid Power (US) - Solid state batteries

Northvolt (SE) - European batteries - not a listed company

$PLUG
Plug Power (US) - fuel cells

$KULR (+2,54%)
KULR Technology (US) - Thermal management & battery safety for mobile systems

1.Albemarle, 2.CATL, 3.Panasonic are my top 3 in this sector

9. cloud & infrastructure

$AMZN (+0,5%) Amazon AWS (US) - Cloud, AI

$MSFT (+0,37%) Microsoft Azure (US) - Cloud, AI

$GOOG (+0,45%) Alphabet Google Cloud (US) - Cloud, ML

$VRT
Vertiv Holdings (US) - Data center infrastructure (UPS, cooling, edge)

$ORCL (+1,39%)
Oracle Cloud (US) - ERP + Cloud

$IBM (+0,21%)
IBM Cloud (US) - Hybrid cloud + AI

$OVH (+1,01%)
OVHcloud (FR) - European cloud

1.Alphabet, 2.Microsoft, 3.Oracle are my top 3 in this sector

10. software & data platforms

$PLTR (+0,51%) Palantir (US) - Data integration

$DDOG (+0,15%) Datadog (US) - Monitoring

$SNOW (+0,55%) Snowflake (US) - Data Cloud

$ORCL (+1,39%) Oracle (US) - Databases, ERP

$SAP (+0,5%) SAP (DE) - ERP systems

$SPGI (+0,31%) S&P Global (US) - financial/market data

ROS2 Foundation - robotics middleware - not listed on the stock exchange

$NVDA (+0,22%) NVIDIA Isaac (US) - robotics development - part of Nvidia

$INOD (+0,19%) Innodata (US) - data annotation & AI training data

$PATH (+0,86%)
UiPath (RO/US) - Robotic process automation

$AI (+1,42%)
C3.ai (US) - AI platform

$ESTC (+0,07%)
(NL/US) - Search & data analysis

1.S&P Global, 2.Palantir, 3.Datadog are my top 3 in this sector

11. end applications / robots

$ABBN (+0,25%) ABB (CH/SE) - Industrial Robots

$6954 (+0,69%) Fanuc (JP) - Industrial robots

$TSLA (+0,22%) Tesla Optimus (US) - humanoid robot

$9618 (-0,29%) JD.com (CN) - logistics robot

$AAPL (+0,22%) Apple (US) - Platform & UX

$700 (+0,08%) Tencent (CN) - Platform & AI

$9988 (+0,26%) Alibaba (CN) - logistics & platform

PAL Robotics (ES) - humanoid robots - not a listed company

Neura Robotics (DE) - cognitive humanoid robots - not a listed company

$TER (+0,86%) Universal Robots (DK) - cobots - belongs to the Teradyne Corporation

Engineered Arts (UK) - humanoid robots - not a listed company

$ISRG (+0,29%) Intuitive Surgical (US) - surgical robotics

$GMED (+0,46%)
Globus Medical (US) - surgical robotics (ExcelsiusGPS platform)

$7012 (+2,31%) Kawasaki Heavy Industries (JP) - industrial robots, automation

$CPNG (+0,35%) Coupang (KR) - Logistics end user

$IRBT (+0,56%)
iRobot (US) - consumer robotics (e.g. Roomba), non-humanoid, but navigation/sensor fusion

Boston Dynamics (US) - humanoid & mobile robots-no listed company

Hanson Robotics (HK) - humanoid robots (Sophia) - not a listed company

Agility Robotics (US) - humanoid robot "Digit" - not a listed company

1.Apple, 2.Tencent, 3.Alibaba are my top 3 in this sector

🛠 2. cross enablers (shovel manufacturers) - with hidden champions

Raw materials & battery materials

Albemarle - Lynas - Umicore

$SQM
SQM (CL) - Lithium

$ILU (-1,62%)
Iluka Resources (AU) - Rare earths

$ARR (-6,93%)
American Rare Earths (US/AU) - New supply chains

my number 1 in the sector is Albemarle

manufacturing technology

ASML - Applied Materials - Tokyo Electron

$LRCX (+0,23%)
Lam Research (US) - Plasma/etching processes

$ASM (+0,39%)
ASM International (NL) - ALD equipment

$MKSI (+0,64%)
MKS Instruments (US) - Plasma/vacuum technology

my number 1 in the sector is ASML

Quality assurance

Keysight - Advantest - Teradyne

$EMR (+0,44%)
National Instruments (US) - Measurement technology - from Emerson Electric adopted

$300567
ATE Test Systems (CN) - test systems

$FORM (+1,08%)
FormFactor (US) - Wafer probing

my number 1 in the sector is Keysight

Motion & Drive

Parker-Hannifin

Festo (DE) - Pneumatics, Soft Robotics - not a listed company

Bosch Rexroth (DE) - Drives, Controls - not a listed company

$6481 (+0,41%)
THK (JP) - Linear guides

my number 1 in the sector is Parker-Hannifin

Sensors/Imaging

$TDY Teledyne

$BSL (+0,33%) Basler (DE) - Industrial cameras

FLIR (US) - Thermal imaging sensors - acquisition by Teledyne

ISRA Vision (DE) - Machine Vision - not a listed company

my number 1 in the sector is Teledyne

Magnets & Materials

MP Materials

$6501 (+0,61%)
Hitachi Metals (JP) - Magnetic materials

VacuumSchmelze (DE) - Magnetic materials - not a listed company

$4063 (-1,01%)
Shin-Etsu Chemical (JP) - Specialty materials

my number 1 in the sector is MP Materials

Chip Design & Simulation

Synopsys - Cadence - ARM

$SIE (+0,23%)
Siemens EDA (DE/US)-Mentor Graphics-strategic business unit of Siemens AG

Imagination Tech (UK) - GPU-IP - not a listed company

$CEVA (+0,85%)
CEVA (IL) - Signal Processor IP

my number 1 in the sector is Synopsys

Engineering & Lifecycle

PTC - Dassault - Siemens

Altair (US) - Simulation - no longer a listed company

$HXGBY (+0,48%)
Hexagon (SE) - Metrology

$SNPS (+0,52%)
ANSYS (US) - Simulation - takeover by Synopsys

my number 1 in the sector is Siemens

Networks & Data Centers

Arista - Cisco - Equinix

$HPE (+0,35%)
Juniper (US) - Networks - Acquisition of HPE

$DTE (+0,17%)
T-Systems (DE) - Industry cloud

$OVH (+1,01%)
OVHcloud (FR) - European cloud

my number 1 in the sector is Arista

Cloud infrastructure

AWS - Azure - Google Cloud

$ORCL (+1,39%)
Oracle Cloud (US) - ERP & databases

$IBM (+0,21%)
IBM Cloud (US) - Hybrid Cloud

$9988 (+0,26%)
Alibaba Cloud (CN) - Asian Cloud

$VRT
Vertiv Holdings (US) - Cloud/Infra

my number 1 in the sector is Alphabet (Google)

finance/information infra

S&P Global

$MCO (+0,08%)
Moody's (US) - Ratings

$MSCI (+0,45%)
MSCI (US) - Indices

$MORN
Morningstar (US) - Investment Research

my number 1 in the sector is S&P Global

Creative/Experience Infra

Adobe

$ADSK (+0,58%)
Autodesk (US) - CAD & Design

$U
Unity (US) - 3D/AR simulation

Epic Games (US) - Unreal Engine - not a listed company

my number 1 in the sector is Adobe

Platform & Ecosystem

Apple - Tencent - Alibaba

$META (+0,59%)
Meta (US) - AR/VR, Social Robotics

ByteDance (CN) - AI & platforms - not a listed company

$9888 (+0,6%)
Baidu (CN) - AI & Cloud

my number 1 in the sector is Tencent

Infrastructure/Edge

Dell

$HPE (+0,35%)
HPE (US) - Edge Computing

$SMCI
Supermicro (US) - AI servers

$6702 (-0,05%)
Fujitsu (JP) - Edge & HPC

my number 1 in the sector is Dell

storage solutions

Micron

$HY9H (+2,7%)
SK Hynix (KR) - Memory

$285A (+15,53%)
Kioxia (JP) - NAND

$WDC
Western Digital (US) - Storage solutions

my number 1 in the sector is Micron

🏛 3. secondary key sectors with hidden champions

Financing & Capital

$GS (+0,3%) Goldman Sachs (US) - investment bank; ECM/DCM, M&A, growth financing

$MS Morgan Stanley (US) - investment bank; tech banking, capital markets

$BLK (-0,24%) BlackRock (US) - asset manager; capital allocation, ETFs/index funds

$9984 (+3,27%) SoftBank Vision Fund (JP) - mega VC; growth equity in robotics/AI

Sequoia Capital (US) - venture capital; early/growth in AI/robotics - this is a classic venture capital fund

DARPA (US) - government R&D funding (robotics/defense) - independent research and development agency

EU Horizon (EU) - research funding/grants for DeepTech - Innovative Europe pillar

China State Funds (CN) - state industry/technology fund

Lux Capital (US) - VC for DeepTech - Uptake (US) - AI-based predictive maintenance

DCVC (US) - Robotics & AI focus - investing exclusively via VC fund investments

Speedinvest (AT) - EU VC for robotics - access to investment only via fund investments

my number 1 in the sector is Softbank

Maintenance & Service

$SIE (+0,23%) Siemens (DE) - Industrial Service, Lifecycle & Retrofit

$ABBN (+0,25%) ABB (CH/SE) - Robotics Service, Spare Parts, Field Support

$GEHC (+1,61%) GE Healthcare (US) - Medtech service incl. robotic systems

Uptake (US) - AI-based predictive maintenance - not a listed company

Augury (US/IL) - condition monitoring, condition diagnostics - not a listed company

$KU2 KUKA Service (DE) - Robotics maintenance

$6954 (+0,69%) Fanuc Service (JP) - global service network

Boston Dynamics AI Institute (US) - Robotics longevity - funded by Hyundai Motor Group

my number 1 in the sector is Siemens

Marketing & Advertising

$WPP (+0,73%) WPP (UK) - global advertising group; branding/communications

$OMC Omnicom (US) - marketing/PR network

$PUB (+0,41%) Publicis (FR) - communications/advertising group

$META (+0,59%) Meta (US) - Digital Ads (Facebook/Instagram)

$GOOG (+0,45%) Google Ads (US) - search & display advertising

TikTok / ByteDance (CN) - social ads & distribution - not a listed company

$AAPL (+0,22%) Apple (US) - Branding/UX; Acceptance & Platform Marketing

$WPP (+0,73%)
AKQA (UK/US) - Tech branding - Since 2012 majority owned by the WPP Groupbut continues to operate as an autonomous operating unit

R/GA (US) - Innovation marketing - not a listed company

Serviceplan (DE) - largest independent EU agency - not a listed company

my number 1 in the sector is Meta

Law, Regulation & Ethics

ISO (CH) - international standards, robotics standards

TÜV (DE) - certification & safety tests

UL (US) - safety/conformity testing

EU AI Act (EU) - legal framework for AI & robotics

UNESCO AI Ethics (UN) - global ethics guidelines

Fraunhofer IPA (DE) - Robotics safety standards

ANSI (US) - standards

IEC (CH) - Electrical engineering standards

Training & Talent

MIT (US) - Robotics/AI Research & Education

ETH Zurich (CH) - autonomous systems & robotics

Stanford (US) - AI/Robotics labs & spin-offs

Tsinghua University (CN) - Robotics/AI in Asia

CMU (US) - Robotics Institute

EPFL (CH) - Robotics research

TU Munich (DE) - humanoid robot "Roboy"

🌍 Top 25 companies for humanoid robotics

These companies are central to the development & production of humanoid robotsbecause without them, crucial parts of the chain would be missing:

Chips & computing power (brain of the robots)

$NVDA (+0,22%) Nvidia (US) - AI GPUs & Isaac platform, foundation for robotic AI

$2330 TSMC (TW) - world's most important foundry, produces the AI chips

$ASML (+0,92%) ASML (NL) - EUV lithography, indispensable for chip production

$005930 Samsung Electronics (KR) - memory, logic, foundry

$HY9H (+2,7%) SK Hynix (KR) - DRAM & NAND memory for AI

$MU (+1,24%) Micron (US) - Memory solutions for AI workloads

my number 1 in the sector is ASML

Sensors & perception (senses of robots)

$SONY Sony (JP) - image sensors, market leader

$6861 (+0,64%) Keyence (JP) - Industrial sensors & vision systems

$CGNX (+0,54%) Cognex (US) - Machine Vision, precise image processing

my number 1 in the sector is Keyence

Actuators & motion (muscles of robots)

$IFX (+0,58%) Infineon (DE) - power electronics, motor control

$6594 (+2,07%) Nidec (JP) - World market leader for electric motors

$PH Parker-Hannifin (US) - hydraulics/pneumatics, motion technology

$6481 (+0,41%) THK (JP) - Linear guides & actuators

my number 1 in the sector is Parker-Hannifin

Communication, cloud & infrastructure (nerves & data flow)

$QCOM (+0,66%) Qualcomm (US) - Mobile & Edge Chips

$AMZN (+0,5%) Amazon AWS (US) - Cloud & AI infrastructure

$MSFT (+0,37%) Microsoft Azure (US) - Cloud, AI services

$CSCO (+0,21%) Cisco (US) - Networks & Security

$VRT Vertiv Holdings (US) - Data Center Infrastructure

my number 1 in the sector is Microsoft

End Applications & Platforms (robots themselves)

$TSLA (+0,22%) Tesla (US) - humanoid robot Optimus

$ABBN (+0,25%) ABB (CH/SE) - Robotics & Automation

$6954 (+0,69%) Fanuc (JP) - industrial robots & CNC systems

$7012 (+2,31%) Kawasaki Heavy Industries (JP) - industrial robots

PAL Robotics (ES) - humanoid robots (TALOS, ARI, TIAGo) - not a listed company

Neura Robotics (DE) - cognitive humanoid robots - not a listed company

Universal Robots (DK) - cobots

my number 1 in the sector is Tesla

🇪🇺 Top 10 European key companies for humanoid robotics

$ASML (+0,92%)
ASML (NL)

World market leader in EUV lithography - no modern chips for AI & robotics without ASML.

$IFX (+0,58%) Infineon (DE)

Leading in power electronics & motor control - crucial for actuators of humanoid robots.

$STM (+0,91%)
STMicroelectronics (FR/IT)

Sensors, microcontrollers & power chips - the basis for control & perception.

$SAP (+0,5%)
SAP (DE)

ERP & data platforms, important for integrating humanoid robots into industrial processes.

$SIE (+0,23%)
Siemens (DE)

Industrial software, automation, digital twin - key for engineering & lifecycle management.

$KU2 KUKA (EN)

Robotics pioneer, industrial robots & automation - know-how for humanoid motion mechanics.

PAL Robotics (ES) - not a listed company

Specialist for humanoid robots (TALOS, ARI, TIAGo), internationally used in research & service.

Neura Robotics (DE) - Not a listed company

Young high-tech company, develops cognitive humanoid robots with advanced AI (4NE-1).

Universal Robots (DK) - Not a listed company

Market leader for cobots - platform for safe human-robot collaboration.

Engineered Arts (UK) - not a listed company

Develops humanoid robots such as Amecaknown for realistic facial expressions & gestures - important for HRI (Human-Robot Interaction)

🌏 Top 10 Asian key companies for humanoid robotics

$2330
TSMC (Taiwan)

World's largest semiconductor foundry, produces high-end chips (e.g. Nvidia, AMD, Apple) - no AI hardware without TSMC.

$005930
Samsung Electronics (South Korea)

Foundry, memory, logic chips, image sensors - extremely broadly positioned in robotics components.

$HY9H (+2,7%)
SK Hynix (KR) - Memory

$SONY
Sony (Japan)

Market leader in CMOS image sensors, essential for robotic vision & perception.

$6861 (+0,64%)
Keyence (Japan)

Sensor technology & machine vision for industrial automation, widely used in robotics.

$6954 (+0,69%)
Fanuc (Japan)

Industrial robots & CNC systems, one of the most important manufacturers of robotics hardware worldwide.

$6506 (+1,33%)
Yaskawa Electric (Japan)

Drives, motion control & robot arms - relevant for humanoid motion control.

$6594 (+2,07%)
Nidec (Japan)

World market leader for electric motors (from mini motors to high-performance drives).

$7012 (+2,31%)
Kawasaki Heavy Industries (JP) - Industrial robots

$9618 (-0,29%)
JD.com (China)

Driver for robotics in e-commerce & logistics, invests in humanoid robotics applications

The hype is all about humanoid robots, but the constant winners are in the background.

I have divided the analysis into two perspectives. 1. the complete value chain of humanoid robots, which shows all the players from the chip to the finished robot, and 2. the blade manufacturers in the background, who always earn money as enablers, regardless of which manufacturer wins the race.

ASML, Applied Materials and Tokyo Electron dominate in manufacturing technology. Quality assurance comes from Keysight, Advantest and Teradyne. Chip design is supported by Synopsys, Cadence and ARM. Data streams are secured by Arista Networks, Cisco and Equinix. The computing basis is created in the cloud by Amazon, Microsoft and Alphabet. Albemarle, Lynas and Umicore play a central role in raw materials and battery materials. These companies monetize their customers' investment waves, have high barriers to entry, service revenues and pricing power, but remain cyclical with risks from export rules, capex cuts and currency movements.

🌐 Value chain of humanoid robots Sector overview

1. research & chip design (IP / EDA)

$ARM (+0,42%)
ARM Holdings (ARM, UK/USA) - CPU architectures

$SNPS (+0,52%)
Synopsys (SNPS, USA) - Chip design software

$CDNS (+0,57%)
Cadence Design Systems (CDNS, USA) - EDA & Simulation

2. manufacturing technology & equipment

$ASML (+0,92%)
ASML (ASML, NL) - EUV lithography, key monopoly

$AMAT (+1,04%)
Applied Materials (AMAT, USA) - Process equipment

$8035 (+0,65%)
Tokyo Electron (8035.T, JP) - Wafer equipment

$KEYS (+1,54%)
Keysight Technologies (KEYS, USA) - Test & RF measurement technology

$6857 (+2,13%)
Advantest (6857.T, JP) - Semiconductor test systems

$TER (+0,86%)
Teradyne (TER, USA) - Test systems + robotics (Universal Robots)

3. chip production (Foundries)

$TSM (+1,2%)
TSMC (TSM, TW) - Largest contract manufacturer

$005930
Samsung Electronics (005930.KQ, KR) - Memory + Foundry

$GFS (+0,36%)
GlobalFoundries (GFS, USA) - Specialized production

4. computing & control unit ("brain")

$NVDA (+0,22%)
Nvidia (NVDA, USA) - GPUs, AI accelerators

$INTC (+0,08%)
Intel (INTC, USA) - CPUs, FPGAs

$AMD (+0,55%)
AMD (AMD, USA) - CPUs/GPUs

$MRVL (+2,63%)
Marvell Technology (MRVL, USA) - Network/data center chips

5. sensors ("senses")

$6758 (-0,76%)
Sony (6758.T, JP) - CMOS image sensors

$6861 (+0,64%)
Keyence (6861.T, JP) - Vision systems, sensors

$STM (+0,91%)
STMicroelectronics (STM, CH/FR) - MEMS sensors

6. actuators & power electronics ("muscles")

$IFX (+0,58%)
Infineon (IFX, DE) - Power semiconductors, SiC

$ON (+0,65%)
N Semiconductor (ON, USA) - SiC/Power Chips

$STM (+0,91%)
STMicroelectronics (STM, CH/FR) - Motor control & power

$TXN (+0,51%)
Texas Instruments (TXN, USA) - Motor control, power ICs

$ADI (+0,93%)
Analog Devices (ADI, USA) - Energy & BMS chips

7. communication & networking ("nerves")

$QCOM (+0,66%)
Qualcomm (QCOM, USA) - 5G/SoCs

$AVGO (+0,73%)
Broadcom (AVGO, USA) - Network & radio chips

$SWKS (+0,58%)
Skyworks Solutions (SWKS, USA) - RF components

8. energy supply

$300750
CATL (300750.SZ, CN) - Batteries

$6752 (+1,52%)
Panasonic (6752.T, JP) - Batteries for automotive/robotics

$373220
LG Energy Solution (373220.KQ, KR) - Batteries

9. cloud & infrastructure

$AMZN (+0,5%)
Amazon (AMZN, USA) - AWS

$MSFT (+0,37%)
Microsoft (MSFT, USA) - Azure

$GOOG (+0,45%)
Alphabet (GOOGL, USA) - Google Cloud

$EQIX (+0,32%)
Equinix (EQIX, USA) - Data center operator

$ANET (-0,07%)
Arista Networks (ANET, USA) - Network infrastructure

$CSCO (+0,21%)
Cisco Systems (CSCO, USA) - Edge & Data Center Networks

10. software & data platforms

$PLTR (+0,51%)
Palantir (PLTR, USA) - Data integration, decision software

$DDOG (+0,15%)
Datadog (DDOG, USA) - Cloud monitoring / observability

$SNOW (+0,55%)
Snowflake (SNOW, USA) - Cloud-native data platform

$ORCL (+1,39%)
Oracle (ORCL, USA) - Databases, ERP

$SAP (+0,5%)
SAP (SAP, DE) - ERP/cloud systems

$PATH (+0,86%)
UiPath (PATH, USA) - Automation software (RPA)

$AI (+1,42%)
C3.ai (AI, USA) - Enterprise AI platform

11. end applications / robots

$ABB
ABB (ABB, CH) - Industrial robots

$6954 (+0,69%)
Fanuc (6954.T, JP) - Industrial robots, CNC

$TSLA (+0,22%)
Tesla (TSLA, USA) - Optimus" humanoid robot

$9618 (-0,29%)
JD.com (JD, CN) - E-commerce & automated logistics

🛠️ Shovel manufacturer for humanoid robots

🔹 Hardtech (physical "shovels")

These companies provide the material basis: manufacturing machines, raw materials, semiconductor base.

Semiconductor Equipment & Manufacturing

$ASML (+0,92%)
ASML (ASML, NL) - EUV lithography (monopoly).

$AMAT (+1,04%)
Applied Materials (AMAT, USA) - Wafer equipment.

$8035 (+0,65%)
Tokyo Electron (8035.T, JP) - Process equipment.

Test systems (hardware-side)

$6857 (+2,13%)
Advantest (6857.T, JP) - Semiconductor test.

$TER (+0,86%)
Teradyne (TER, USA) - Test systems + industrial robots.

Materials & raw materials

$ALB (+1,56%)
Albemarle (ALB, USA) - Lithium (batteries).

$LYC (-1,33%)
Lynas Rare Earths (LYC.AX, AUS) - Rare earths for magnets.

$UMICY (-1,92%)
Umicore (UMI.BR, BE) - Cathode materials, recycling.

🔹 Soft/infra (digital "shovels")

These companies supply the infrastructure & toolswithout which development, training and operation would be impossible.

Design Software & IP

$SNPS (+0,52%)
Synopsys (SNPS, USA) - EDA software.

$CDNS (+0,57%)
Cadence Design Systems (CDNS, USA) - Chip design & simulation.

$ARM (+0,42%)
ARM Holdings (ARM, UK/USA) - CPU architectures (license model).

Test & Measurement (software/signal level)

$KEYS (+1,54%)
Keysight Technologies (KEYS, USA) - Electronics & RF test systems.

Network & data center backbone

$ANET (-0,07%)
Arista Networks (ANET, USA) - High-speed networks.

$CSCO (+0,21%)
Cisco Systems (CSCO, USA) - Data center/edge networks.

$EQIX (+0,32%)
Equinix (EQIX, USA) - Data centers (colocation).

Cloud infrastructure

$AMZN (+0,5%)
Amazon (AMZN, USA) - AWS (cloud, AI training).

$MSFT (+0,37%)
Microsoft (MSFT, USA) - Azure.

$GOOG (+0,45%)
Alphabet (GOOGL, USA) - Google Cloud.

Takeaway: Investing in the infrastructure stack allows you to participate in the robotics trend regardless of the subsequent product winner and reduces the individual product risk, but you have to live with cycles. In your opinion, which stage of the chain offers the best risk/return combination and fits into a disciplined portfolio?

Source: Own analysis based on publicly available company information and IR materials of the companies mentioned.

Image material: Techa Tungateja/iStockphoto

$HEIA (+0,41%)
$EL (+0,34%)
$NUE (+0,33%)
$CDNS (+0,57%)
$WM (+0,31%)
$MSFT (+0,37%)
$V (+0,25%)
$OR (+0,43%)
$AZN (+0,47%)
$MRK (+0,27%)
$PG (+0,03%)
$SBUX (+0,51%)
$BCS (+0,85%)
$META (+0,59%)
$BABA (+0,41%)
$QCOM (+0,66%)
$AIR (+0,4%)
$HSBC (+0%)
$GSK (-3,26%)
$MBG (+0,23%)
$F (-3,51%)
$AAPL (+0,22%)
$AMZN (+0,5%)
$MA (+0,17%)
$7203 (+0,33%)
$SHEL (+0,38%)
$005930
$SNY (+2,58%)
$CMCSA (+0,61%)
$COIN (+2,68%)
$NET (+0,65%)
$XOM (+0,22%)
$CVX (-0,03%)
$CS (+0,14%)
$NTDOY (-1,63%)
$CL (-0,13%)
$DTG (+0,16%)
$UNH (+0,5%)

$SNPS (+0,52%)
$CDNS (+0,57%)

https://de.marketscreener.com/kurs/aktie/SYNOPSYS-INC-4908/news/Trump-fordert-US-Chipdesigner-auf-Verkauf-nach-China-einzustellen-berichtet-die-Financial-Times-50093259/

$CDNS (+0,57%)
$NVDA (+0,22%)

Cadence Design Systems on Wednesday unveiled a new supercomputer based on chips from Nvidia that will accelerate its software offerings for everything from chip development to jets to new drugs.

Cadence provides software that companies like Apple use to develop chips. In recent years, however, the company has expanded its offerings to help customers like Boom, a start-up that makes supersonic jets, design their airplanes, or biotech start-up Treeline Biosciences find new drug candidates through molecular simulations.

The software was originally developed for central processing units (CPUs) at a time when PCs were still widely used. On Wednesday, Cadence announced that many of these core programs have been redesigned to run on the latest "Blackwell" graphics processing units (GPUs) from Nvidia.

Cadence's new Millennium M2000 supercomputer will contain about 32 of Nvidia's latest chips and cost about $1.5 million, depending on configuration. It follows on from a supercomputer launched last year that ran a more limited range of Cadence software.

The price is justified by improvements in speed.

Michael Jackson, corporate vice president and general manager of the System Design and Analysis Group at Cadence, said the company worked with Boeing to analyze turbulence around parts of a 777 jet. What would have taken eight days with a traditional CPU-based system could be done in less than 24 hours with the new supercomputer, allowing engineers to either do the same work in less time or use the extra time to make further design improvements.

"There is an insatiable need for faster simulations," Jackson explained in an interview with Reuters on May 6.

Jeff Grandy, vice president of Cadence Molecular Sciences, explained that molecular simulations to find promising drug candidates have been reduced from two days to about four minutes, allowing scientists to tinker with new molecule ideas in near real time.

"You used to have to wait several days for an answer to make a decision on your project," Grandy said in an interview on May 6. "Now you can really do it in a much more interactive way." (Reporting by Stephen Nellis in Santa Clara, California; Editing by Muralikumar Anantharaman).

https://de.marketscreener.com/kurs/aktie/NVIDIA-CORPORATION-57355629/news/Cadence-stellt-neuen-Supercomputer-auf-Nvidia-Basis-vor-und-drangt-in-den-Bereich-Engineering-und-49863318/

It is now slowly becoming clear who has what it takes to make good profits in the coming years.

Here are my top 30 companies by category, which I am particularly looking at in the current crash.

Some are still overvalued, others are already very attractive at the current price level.

Tier 1 (high corporate quality and strong growth)

Airbnb $ABNB (+0,41%)

Alphabet $GOOGL (+0,33%)

Amazon $AMZN (+0,5%)

ASML $ASML (+0,92%)

Axon $AXON (+0,03%)

Cadence $CDNS (+0,57%)

Constellation Software $CSU (+0,11%)

Crowdstrike $CRWD (+0,71%)

Fair Isaac $FICO (+0,34%)

Hermes $RMS (+0,02%)

Intuit $INTU (+1,19%)

Intuitive Surgical $ISRG (+0,29%)

Mastercard $MA (+0,17%)

Meta $META (+0,59%)

Netflix $NFLX (+0,45%)

Microsoft $MSFT (+0,37%)

Palantir $PLTR (+0,51%)

Tesla $TSLA (+0,22%)

Tier-2 (high business quality and moderate growth)

Booking $BKNG (+0,42%)

Costco $COST (+0,41%)

Ferrari $RACE (+0,35%)

Moody's $MCO (+0,08%)

MSCI $MSCI (+0,45%)

Transdigm $TDG (+0,39%)

Tier-3 (medium / solid corporate quality and strong growth)

Hims & Hers $HIMS (+2,64%)

Robinhood $HOOD (+1,12%)

Roblox $RBLX

Shopify $SHOP (+0,64%)

Spotify $SPOT (+0,44%)

The Trade Desk $TTD (+0,99%)

I bought on Friday and am buying again today - even in the course of the next few days and weeks, when we could probably see even lower prices.

Where are you buying?

Airbnb $ABNB (+0,41%)

Amazon $AMZN (+0,5%)

Axon $AXON (+0,03%)

Cadence $CDNS (+0,57%)

Constellation Software $CSU (+0,11%)

Costco $COST (+0,41%)

Crowdstrike $CRWD (+0,71%)

Fair Isaac $FICO (+0,34%)

Ferrari $RACE (+0,35%)

Hermes $RMS (+0,02%)

Hims & Hers $HIMS (+2,64%)

Intuit $INTU (+1,19%)

Intuitive Surgical $ISRG (+0,29%)

Mastercard $MA (+0,17%)

Microsoft $MSFT (+0,37%)

Moody's $MCO (+0%)

MSCI $MSCI (+0,45%)

Palantir $PLTR (+0,51%)

Robinhood $HOOD (+1,12%)

Roblox $RBLX

Shopify $SHOP (+0,64%)

Tesla $TSLA (+0,22%)

The Trade Desk $TTD (+0,99%)

Transdigm $TDG (+0,39%)

Select a maximum of 8-10 positions from this list that have the best risk/reward ratio and are reasonably valued. Then there is a good chance of outperforming the S&P 500.

Your opinion?

ASML $ASML (+0,92%) (semiconductor equipment)

Visa $V (+0,25%) (payment transactions)

Mastercard $MA (+0,17%) (payment transactions)

Moody's $MCO (+0,08%) (credit ratings)

S&P Global $SPGI (+0,31%) (credit ratings and indices)

Hermès $RMS (+0,02%) (luxury goods)

Fair Isaac Corporation $FICO (+0,34%) (credit scoring)

Coca-Cola $KO (+0,08%) (beverages)

Apple $AAPL (+0,22%) (consumer electronics and technology)

Nvidia $NVDA (+0,22%) (AI and GPUs)

Also also worth mentioningbut not in the top 10:

Transdigm $TDG (+0,39%) (aerospace)

MSCI $MSCI (+0,45%) (financial services)

Cadence $CDNS (+0,57%) (EDA software)

Synopsys $SNPS (+0,52%) (EDA software)

Ferrari $RACE (+0,02%) (luxury cars)

What do you think? Have I forgotten an interesting company / share?