# Who does Inovance Technology pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/inovance · Facet: suppliers · Updated: 2026-07-12T08:21:11.632658+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Inovance Technology discloses no named confirmed suppliers/cost counterparties; 2 relationships are tracked as undisclosed/aggregate. Per the valuechain.wiki graph: 2 cost edges, backed by 2 dated sources, 0 of them primary filings (as of 2026-07-12).

### 제조·증설 (비공개) (low)
- metric: Amount ¥45.1B · Inovance FY2025 매출(+22%)
- note: Motion-control manufacturing and capacity — capex to meet humanoid and industrial demand (undisclosed).
- [confirms] Morgan Stanley (EN, research, published 2025-01-01) https://advisor.morganstanley.com/john.howard/documents/field/j/jo/john-howard/The_Humanoid_100_-_Mapping_the_Humanoid_Robot_Value_Chain.pdf: "Motion-control manufacturing and capacity."

### 부품·소재·R&D (비공개) (low)
- metric: Amount ¥45.1B · Inovance FY2025 매출(+22%)
- note: Power semis, parts and R&D — the cost axis of servo/drive performance, where in-housing parts drives margin (suppliers undisclosed).
- [confirms] Robotics & Automation News (EN, news, published 2025-09-25) https://roboticsandautomationnews.com/2025/09/25/inovance-technology-targets-humanoid-robot-components-and-bolsters-core-plc-business/94751/: "Power semis, parts and R&D."

Reverse side: https://valuechain.wiki/inovance/customers.md · Ripple: https://valuechain.wiki/inovance/ripple.md

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Full node: https://valuechain.wiki/inovance.md · JSON: https://valuechain.wiki/inovance.json