Horizon Robotics transforms into a Tier 2 company and implements IP licensing strategy to meet challenges in automotive chip supply

Due to the global chip shortage and the impact of the epidemic, the automotive industry faces huge challenges. Against this background, Horizon decided to transform into a Tier 2 supplier and implement an IP licensing strategy. Through in-depth cooperation with OEMs, Horizon provides customized AI chips and solutions to meet the needs of different models. For example, Ideal Auto uses Horizon's Journey 3 chip, while GAC Capital has invested in Flagship Micro, which develops high-end controller chips. In addition, SAIC Group has also deepened cooperation with Horizon to jointly promote the development and application of automotive-grade high-performance AI chips.