[Special Stock] HNT Rises on Expectations of Benefits from Large-Scale Investment Attraction by Google Waymo

[Asia Economy Reporter Yoo Hyun-seok] HNT is on the rise. It appears that the news of Google’s autonomous vehicle 'Waymo' securing an investment of $2.25 billion has had an impact.

On the 4th, at 2:30 PM, HNT traded at 2,655 KRW, up 2.51% (65 KRW).

The rise of HNT is analyzed to be due to the attention drawn by recruiting Waymo’s Chief Business Officer (CBO) as an inside director of its subsidiary UMO.

According to foreign media such as CNBC in the U.S., Google’s autonomous driving company Waymo secured a total investment of $2.25 billion (approximately 2.6 trillion KRW) from Silicon Valley venture capital firms including Andreessen Horowitz. Waymo received a total investment of $2.25 billion from seven funds and companies, including investment funds Silver Lake, Canada Pension Plan Investment Board, Mubadala Investment from the United Arab Emirates, auto parts manufacturer Magna International, AutoNation, and venture capital firm Andreessen Horowitz.

HNT, a camera module specialist company, is solidifying its position in the autonomous driving business sector by acquiring global autonomous driving company UMO and domestic autonomous driving mobility specialist MDI.

In particular, Waymo’s Sean Stewart, Chief Business Officer (CBO), was abruptly recruited as UMO’s new inside director and CTO. The technology of CARMERA, a 3D mapping specialist company for which UMO holds the license, is also recognized as top-level in North America, and they are actively pursuing future growth businesses.

This content was produced with the assistance of AI translation services.