The company develops artificial intelligence (AI) chips used in self-driving cars and advanced driver assistance systems (ADAS).

[2] The company was funded by notable investors that included Intel, Hillhouse Investment, HongShan, Yuri Milner, Sinovation Ventures and Yunfeng Capital.

[6] Originally Horizon Robotics planned to hold an initial public offering (IPO) in the United States that could raise as much as $1 billion.

[7] At the 2023 World Internet Conference, Yu announced that the number of vehicles featuring navigate on autopilot (NoA) equipped with Horizon Robotics chips has surpassed that of Nvidia.

[9] In March 2024, Horizon Robotics submitted its IPO application to the Hong Kong Stock Exchange expected to raise $500 million.