Eric Trump-backed Foundation partners with AMD to develop humanoid robots

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• Eric Trump-backed Foundation Future Industries said on Thursday it is partnering with AMD (AMD.O), opens new tab to use its ​chips to co-develop autonomous humanoid robots for military ‌and industrial use.

The son of U.S. President Donald Trump has been an investor in the start-up since early this year and serves ​as chief strategy advisor, the company said.

The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here. The start-up, founded in 2024, said it has deployed its Phantom MK-1 robots to contribute in building more than 24,000 cars in 2025.

In October, ​the company will ​open a ⁠factory capable of building 5,000 Phantom robots annually, with plans to start building another facility ​early next year with an annual capacity of ​50,000 ⁠robots, CEO Sankaet Pathak told Reuters.

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Each industrial-use robots, leased to customers, cost about $100,000 per year, Pathak said.

On the defense side, ⁠the ​company is developing robots for materials ​handling and reconnaissance, which are sold to the government at $300,000 a unit, he ​added.

Reporting by Aishwarya Jain in Bengaluru; Editing by Vijay Kishore