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Technology Stocks : Driverless autos, trucks, taxis etc.

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From: Sam3/26/2018 2:53:14 PM
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China Wants Its Own Brains Behind 30 Million Self-Driving Cars
Bloomberg News
March 25, 2018, 5:00 PM EDT

From Hyperdrive

  • Intel-backed Horizon Robotics working with Audi, Ford partner
  • Value of China’s yearly chip imports dwarfs that of crude oil

China’s aspiration to deploy 30 million autonomous vehicles within a decade is seeding a fledgling chip industry, with startups like Horizon Robotics Inc. emerging to build the brains behind those wheels.

The Beijing-based company is taking aim at Nvidia Corp. and Mobileye NV just as the autonomous-driving business takes off and uncertainty looms over international trade. Annual revenue from the chips used in driverless vehicles globally should more than double to $5 billion by 2021, according to Gartner Inc.

text and video continues at bloomberg.com
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