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July 1, 2022

FAW invests in local AI firm Horizon Robotics

Horizon Robotics develops automotive-grade AI computing platforms.

Chinese automaker FAW Group has made a strategic investment in Horizon Robotics, the local artificial intelligence (AI) firm, without disclosing the size of the deal.

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Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
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Beijing-based Horizon Robotics describes itself as a leading developer of automotive-grade AI computing platforms for intelligent vehicles and is said to have been the first Chinese company to commercialise autonomous driving processors.

The company employs over 2,000 people, most in its engineering and R&D departments.

Horizon said the new funds from the state owned automaker would be used to strengthen its research and development of pioneering technologies for automotive-grade AI chips, as well as to beef up its engineering capability.

Horizon key investors include global semiconductor manufacturers Intel and SK Hynix, as well as local automakers SAIC, Dongfeng Motor, Great Wall Motors, GAC Group and BYD.

Last year, Horizon unveiled the Journey 5 chip specifically designed for autonomous driving applications with the capacity to process 128 tera operations per second.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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