Wednesday, February 27, 2019

Chinese AI chip maker Horizon Robotics raises $600 million from SK Hynix, others

Chinese chip maker Horizon Robotics said on Wednesday it had raised $600 million in its latest funding round, bringing its valuation to $3 billion, amid a push from Chinese companies and the government to boost the semiconductor industry.


from Reuters: Technology News https://ift.tt/2ThcUxj

No comments:

Post a Comment

D2C brands feel the pinch as consumers cut spending

Rising input costs and shrinking demand are squeezing smaller brands, with consumer spending projected to drop 5-6% next quarter. D2C brands...