Industry Briefing
A single destination for timely, editor-curated robotics news from around the world.
LG Chem to invest W15tr in chips, robotics, biotech by 2035
LG Chem has announced a significant investment of 15 trillion won (approximately $9.8 billion) in research and development by the year 2035. During a company-wide town hall meeting on Monday, CEO Kim Dong-choon revealed that 70 percent of this funding will be directed towards advancing materials for semiconductors, mobility, and robotics. This strategic move is part of LG Chem's broader initiative to penetrate high-growth sectors and enhance its competitive edge. In addition to these areas, the company will also focus on oncology therapeutics as a key future business domain, reflecting its commitment to innovation and expansion in critical industries.
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Biotech-led boom as 8 China firms flock to Hong Kong’s thriving stock market
In April, eight companies from mainland China, including five biotech firms, successfully passed listing hearings on the Hong Kong stock market, enabling them to access the city's substantial liquidity. This influx features a diverse range of businesses, such as an AI-driven drug discovery company, a developer of driverless technology, and a manufacturer of industrial robots. The move aligns with the ongoing efforts of the China Securities Regulatory Commission (CSRC), which has been encouraging private firms to pursue listings in Hong Kong as a strategic response to market conditions. By facilitating these listings, the CSRC aims to enhance investment opportunities and bolster the financial landscape in the region.
Robotics needs a service framework.
RSF defines a common language for robot service capability, lifecycle operations, certification pathways, and service-provider networks.
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