Capital Rotates Out of Humanoids and Into Silicon

Third-party data reported by Cailian Press on 15 November shows 33 embodied-AI deals worth RMB 10.105 billion in October, against 60 deals and RMB 11.028 billion in September — a 45% drop in deal count and 8.4% in value. Money moved upstream: CVC and PE tracked 631 semiconductor deals worth RMB 109.243 billion in Q3, up 52.42% and 91.20% year on year, and the week of 31 October–6 November alone saw RMB 11.1 billion of chip funding, more than half of all disclosed domestic deal value. Investors now gate on orders: HuiXi Intelligence raised about RMB 1.7 billion, and XiXuan ChuangZhi — a joint venture of MetaX and UBTech — closed a RMB 500 million angel round.