Horizon Robotics Shifts Strategy With New Chip, Software Push -- Market Talk

Dow Jones04-23 15:16

0716 GMT - Horizon Robotics is pivoting to an ecosystem enabler from a chip supplier, DBS analysts say in a note. The company launched several new products at a recent event in Beijing. It introduced a new chip called the Starry 6P, designed to handle driving and in-car functions within in a single system. It also unveiled an operating system called Kaka Claw, aimed at powering in-vehicle features, including voice interaction and other smart controls. The third offering was an updated version of its driving software, which the company said improves performance in areas such as navigating intersections, changing lanes, safety responses and parking, DBS says. The bank maintains a buy rating on the stock with a target price of HK$13.00. Shares are last at HK$7.49.(jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

April 23, 2026 03:16 ET (07:16 GMT)

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