Chinese humanoid robotics company Unix AI is stepping up its international expansion while laying the groundwork for a future IPO. Founder and Chief Executive Officer Fengyu Yang said on CNBC's Squawk Box Asia that the company plans to go public at a later stage.
Yang said the timing of any offering will depend on market conditions and regulation. For now, he added, the main priority is to see how the company’s robots perform and are deployed in real-life environments.
According to Yang, China remains Unix AI’s largest market in terms of demand for humanoid robots. At the same time, the company, which was founded in 2024, has expanded sharply overseas since the start of this year, including into Singapore and India. In those markets, its robots are being used in services such as hotel cleaning and retail.
Yang said the company is optimistic about the robots it is already selling abroad. He added that more than 50% of Unix AI’s total orders come from renewals and repeat purchases by clients of its original products.
The chief executive also said the impact of current U.S. chip export restrictions should be limited for the company. According to him, the edge computing power used in robots is not under restriction for now. Edge computing refers to processing and storing data close to where it is created.
