Latest News In AI Chips - AI Robotics Innovation Boosted by Strategic Partnership

Richtech Robotics Inc. and Beijing City of Design Development Co., Ltd. have announced a strategic partnership through their joint venture, Boyu AI Technology, to advance AI-powered service robotics. This collaboration aims to enhance research and development efforts, focusing on creating cutting-edge autonomous robotic systems and integrated platforms for diverse service industries. The agreement includes plans to establish a Beijing Foreign-Invested R&D Center dedicated to exploring domain-specific AI models and autonomous decision-making systems. This partnership highlights the ongoing innovation and commercialization within the AI chips and robotics space, targeting applications across high-growth sectors such as hospitality, healthcare, and retail.

In other trading, TongweiLtd (SHSE:600438) was trading firmly up 7.0% and ending trading at CN¥16.75. Meanwhile, Astera Labs (NasdaqGS:ALAB) trailed, down 7.1% to end trading at $91.02. Last week, the company was removed from several major Russell indices.

Astera Labs is rapidly expanding in AI infrastructure and CXL technology to capture a growing market. Discover more about their strategic positioning and growth potential in our full narrative.

Don't miss our previously discussed Market Insights article on AI Chips, exploring sector dynamics and investment opportunities—essential for staying ahead.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "Richtech Robotics and Beijing City of Design Development Sign Agreement to Accelerate Design of Next-Gen AI-Powered Service Robotics" from Richtech Robotics Inc. on GlobeNewswire (published 27 June 2025)

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