HorizonChipmaker Horizon Robotics Robotics has raised $600m in a funding round led by first-tier Chinese carmakers and South Korean chipmaker SK Hynix, giving it a valuation of $3bn. The investment in the Chinese company, which makes AI-based chips for cars and cameras, coincided with efforts from the government and Chinese companies to boost the semiconductor sector in an effort to become less reliant on US technology. Chipmaker Horizon Robotics expects to develop vehicle-grade processor architecture and third-generation processor architecture this year.
Chipmaker Horizon Robotics has raised $600m in a funding round led by first-tier Chinese carmakers and South Korean chipmaker SK Hynix, giving it a valuation of $3bn. The investment in the Chinese company, which makes AI-based chips for cars and cameras, coincided with efforts from the government and Chinese companies to boost the semiconductor sector in an effort to become less reliant on US technology. Horizon expects to develop vehicle-grade processor architecture and third-generation processor architecture this year.