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December 22, 2020 06:09 am GMT

Horizon Robotics, a Chinese rival to Nvidia, seeks to raise over $700M

In their rush to offer alternatives to advanced western chipsets, Chinese semiconductor companies are racking up large fundings from investors. Horizon Robotics, a five-year-old unicorn specializing in AI chips for robots and autonomous vehicles, announced Tuesday that it has secured $150 million in funding. The proceeds are the first close of an over $700 million […]

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