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Bernstein says the FCC ban on new foreign-made mobile robots marks the start of U.S.-China robotics decoupling. Restrictions could expand to AI chips and investments. China could retaliate through data controls or rare-earth magnets. Potential beneficiaries include Tesla, Hesai, Schaeffler, Harmonic Drive, Horizon Robotics, and Black Sesame. Chinese robotics firms may increasingly target non-U.S. markets.
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