The Era of War Robots is Coming, What Does That Have To Do With Hyundai Motor? | Lee Jong-won, Team Leader, Hana Securities Sales Department 1 WM Center [Double Crew]

Summary

Lee Jong-won discusses the US autonomous warfare budget surge and its implications for LIG Nex1 and Hyundai Motor. The US defense spending on robot dogs is poised to jump 240x, benefiting LIG Nex1 via its Ghost Robotics acquisition. Meanwhile, Hyundai Motor stands to receive royalty income from Ghost Robotics through its Boston Dynamics subsidiary. Macro pressures from CPI and rising rates are also noted.

• US autonomous warfare budget to increase 240x to $535B next year.
• LIG Nex1 acquired Ghost Robotics, a key supplier of military robot dogs.
• Ghost Robotics must pay 10% of revenue to Boston Dynamics (Hyundai Motor) until 2035.
• Hyundai Motor to receive royalty stream without operational costs.
• CPI data and rising rate expectations are creating market uncertainty.
• Robot development is accelerating with real-world demonstrations.
• Upcoming FOMC and Nvidia earnings are key events for the market.