TSMC October revenue jumps nearly 60% on strong AI chip demand

DUBAI - Robo.ai reported revenue of over $100 million in October 2026, exceeding this figure for two months in a row, according to a press release. The UAE-based tech firm anticipates full-year 2026 revenue of around $600 million. October's earnings came from Quantum Core Capital Limited, a subsidiary that charges fees for completed orders.

QC Capital was acquired by Robo.ai in June 2026. The company appointed Ralf R. Debbas as President on November 2. Debbas, who founded W Motors and oversaw an automotive manufacturing facility in Dubai, will now handle industrial strategy and international partnerships. ALIF Holding, a majority-owned subsidiary, plans to establish ALIF Composites in the UAE, with production set to begin in Q4 2026 and aim for a 2027 annual capacity of 10 million square meters of composite raw materials.

The facility will be located at the ALIF Holding Group Industrial Park in Umm Al Quwain. On October 8, ALIF Holding unveiled plans for an integrated oil spill response system for ports, oil and gas terminals, offshore facilities, and coastal industrial sites. Neurovia AI, a subsidiary, acted as the Official Government AI Partner at the 3rd Government AI Summit in Abu Dhabi, presenting NeuroStream, a platform aimed at reducing visual data volume for AI applications.

The company reiterated that revenue does not equate to profitability or cash flow, emphasizing that the full-year outlook is based on current estimates and may be modified.