Hermitage Capital Ramps Up AI, Semiconductors, and Robotics Investments

The private equity firm has a US$1.5 billion war chest, with 80% in US dollars and the remainder in renminbi.

Hermitage is investing mainly in the US and China, capitalizing on a market turnaround triggered by the success of companies like DeepSeek.

Since announcing a three-year plan to invest US$500 million in AI and robotics globally, Hermitage has already deployed more than US$200 million.