According to CNA, Foxconn announced in an evening filing that its subsidiary Hon Yang Venture Capital acquired shares of Churchill Capital Corp XI for US$9 million (about NT$290 million), representing a 0.3% stake. Foxconn stated the primary purpose was long-term investment. UDN Money's report, citing the same CNA dispatch, confirmed identical figures: US$9 million (about NT$290 million) for the 0.3% position.
Anue (鉅亨網) provided share-level detail: Hon Yang Venture Capital purchased shares at US$10 per share, for a total of US$9 million (about NT$290 million), obtaining 900,000 common shares, or approximately 0.3% of Churchill Capital Corp XI (CCXI-US).
Per Anue's report, Agility Robotics was founded in 2015 and is headquartered in Oregon, USA. The company develops humanoid robots for manufacturing and logistics settings. Its flagship product, Digit, is designed to perform tasks such as carrying, sorting, and stacking boxes, helping enterprises automate warehousing and production workflows.
CNA reported that Agility Robotics indicated in late June that it planned to merge with Churchill Capital Corp XI and go public; foreign media had previously disclosed that Agility Robotics would list on U.S. markets via a special purpose acquisition company (SPAC). Both CNA and UDN Money cited Agility's prior statement that the merger is expected to generate total gross proceeds exceeding US$620 million, comprising approximately US$420 million in cash held in Churchill XI's trust account and approximately US$200 million raised through a private investment in public equity (PIPE), with the PIPE round led by the Foxconn group, which is also an existing investor in Agility.
Anue added that upon completion, the combined entity is expected to carry an enterprise valuation of approximately US$2.5 billion and trade under the ticker symbol "AGLT."
| Metric | Value | Source |
|---|---|---|
| Hon Yang Venture Capital investment | US$9 million (~NT$290 million) | CNA / UDN Money |
| Stake acquired | 0.3% (900,000 shares) | Anue |
| Share price | US$10/share | Anue |
| Total merger proceeds | >US$620 million | CNA / UDN Money |
| Trust account cash | ~US$420 million | CNA / UDN Money |
| PIPE raised (Foxconn-led) | ~US$200 million | CNA / UDN Money |
| Post-merger enterprise valuation | ~US$2.5 billion | Anue |
| Post-merger ticker | AGLT | Anue |
| Agility Robotics founded | 2015 | Anue |
According to Anue, Agility Robotics' customer base includes Amazon, logistics company QXO, German auto-parts manufacturer Schaeffler (舍弗勒), and Toyota Motor Manufacturing Canada.
CNA reported that the Foxconn group has been actively building out its humanoid robot presence, working closely with NVIDIA (輝達) and also forming a joint venture with Intrinsic to build an AI robot factory.
The US$9 million, 0.3% Churchill Capital Corp XI stake disclosed by CNA, UDN Money, and Anue is a comparatively small position relative to the more than US$620 million total merger proceeds Agility Robotics expects to raise — of which the roughly US$200 million PIPE round is led by the Foxconn group itself, distinct from Hon Yang Venture Capital's separate SPAC share purchase. Set against Agility's reported customer roster spanning Amazon, QXO, Schaeffler, and Toyota Motor Manufacturing Canada, and Foxconn's parallel activity with NVIDIA and Intrinsic per CNA, the Churchill Capital Corp XI transaction reads as one node within a broader, multi-pronged Foxconn humanoid robotics investment pattern rather than an isolated bet.
According to Anue, the combined company is expected to trade under the ticker symbol "AGLT" following completion of the merger with Churchill Capital Corp XI.
Per Anue's report, Agility Robotics was founded in 2015 and is headquartered in Oregon, USA.
CNA reported that Foxconn described the acquisition as primarily a long-term investment.
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