Horizon Robotics specialises in AI chips for robots and autonomous vehicles, rivalling chipmakers like Nvidia and Intel. The Beijing-based start-up was created in 2015 by Yu Kai, a former head of Baidu’s autonomous driving unit and it raised another $400 million at the start of this year in a funding round led by Baillie Gifford, YF Capital and battery-maker CATL. Proceeds will go towards commercialisation of its next generation of chips designed for autonomous vehicles.

Horizon’s chips are already being supplied to a wide range of carmakers, including collaborations with BYD, Audi and Guangzhou Auto. It is also working with manufacturers such as Shanghai Auto and Great Wall Motors on smart car technologies as part of efforts to embed China-made semiconductors in emerging sectors like autonomous driving and smart vehicles.

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