Robotic stocks jumped in Hong Kong. Johnson Elec up over 8%; Sanhua up over 5%; Dobot, Geekplus up around 3%.
Five months after releasing a plan to accelerate the development of artificial intelligence, the Trump administration is turning to robots, Politico reported.
Commerce Secretary Howard Lutnick has been meeting with robotics industry CEOs and is “all in” on accelerating the industry’s development, according to three people familiar with the discussions who were granted anonymity to share details. The administration is considering issuing an executive order on robotics next year, according to two of the people.
A Department of Commerce spokesperson said: “We are committed to robotics and advanced manufacturing because they are central to bringing critical production back to the United States.”
The Department of Transportation is also preparing to announce a robotics working group, possibly before the end of the year, according to one person familiar with the planning. A spokesperson for the department did not respond to a request for comment.
There’s growing interest on Capitol Hill as well. A Republican amendment to the National Defense Authorization Act would have created a national robotics commission. The amendment was not included in the bill. Other legislative efforts are underway.
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