Korean conglomerate invests in Horizon Robotics

Following an increase in outbound investment from Korea, SK Hynix has targetted a sector that it knows well: the semiconductor industry.

Korean conglomerate invests in Horizon Robotics

Chinese artificial intelligence unicorn Horizon Robotics has closed its Series B fundraising from South Korean conglomerate SK Hynix and several unnamed Chinese car manufacturers. 

SK Hynix, the world’s second largest dynamic random-access memory manufacturer, led the $600 million investment together with its parent company SK Group. It is a strategic investment for SK Hynix that it hopes will create a synergy to build 5G, smart cities and autonomous driving technology in China....

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