Telechips Invests in Boston-Based Radar Company, Aura Intelligent Systems to Set Sights on Autonomous Driving Market
Telechips (KOSDAQ:054450), led by CEO Jangkyu Lee, is looking to increase its presence in the advanced driver-assistance system (ADAS) and autonomous driving (AD) semiconductor market through investment in a digital imaging radar (RADAR) company.
- Telechips (KOSDAQ:054450), led by CEO Jangkyu Lee, is looking to increase its presence in the advanced driver-assistance system (ADAS) and autonomous driving (AD) semiconductor market through investment in a digital imaging radar (RADAR) company.
- (Graphic: Telechips)
On March 19th, 2024, Telechips announced its agreement to invest an undisclosed amount in Aura Intelligent Systems (“AURA”), a radar technology solution development firm based in Boston, USA. - Telechips joins existing investors including a semiconductor legend Ray Stata (Founder of ADI), Activate Global, and GigaScale Capital.
- AURA specializes in next-generation radar technologies for Autonomous Driving.