NIO is seeking financing from outside investors for its chip making unit, which has gained interest among potential dealers after the company’s in-house developed processors were put into use at scale, people with knowledge of the matter told media outlet LatePost on Wednesday. Sources said the Chinese electric vehicle maker could separate its chip business but still maintain control of the spin-off, although a NIO spokesperson dismissed that as “speculative information,” according to the report. NIO has been using two self-developed processors on its vehicles, one dedicated for processing data collected by the vehicles’ lidar sensors, and the other one, the Shenji NX9031, handling more than 1,000 trillion operations per second (TOPS) on five nanometers. [TechNode reporting, LatePost, in Chinese]
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