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.

https://techcrunch.com/2020/12/21/horizon-robotics-700-million-funding/