US Stock Market Move | HSAI.US rose 5% in pre-market trading. Last week, it released its self-developed Fermi C500 RISC-V laser radar main control chip.

On Thursday, Hesai's (HSAI.US) stock price continued its upward trend from last week, rising 5% in pre-market trading to $20.17. It is reported that Hesai's stock price surged by 18% and 11% respectively last week (November 24th and 25th). Hesai Group Sponsored ADR announced the release of the Fermi C500, a high-performance intelligent main control chip for laser radar based on the RISC-V architecture. They also introduced the world's unique "photon isolation" safety technology, and the 256-line safety laser radar ATX renewal version. Currently, the "photon isolation technology" has been implemented in Hesai's ATX, ETX and other main laser radars, providing industry-leading safety and reliability, achieving the ultimate "zero false positives" at the physical level. The Fermi C500, Hesai's high-performance intelligent main control chip for laser radar, completes the last piece of the puzzle for Hesai's fourth-generation chip platform. The Fermi C500 uses an autonomously controllable RISC-V architecture to ensure supply chain security and autonomous technology iteration. It integrates MCU, FPGA, and ADC on a single chip, making it the world's first laser radar dedicated main control chip certified for both functional safety and network security. It meets the stringent reliability and information security requirements of in-vehicle scenarios at the hardware level. It is also the world's first laser radar dedicated main control chip with an integrated Intelligent Point Cloud Engine (IPE), with a 256-core waveform processing core and intelligent ambient noise filtering to adapt to complex weather conditions, providing high-precision perception for autonomous driving in all weather conditions. Furthermore, CICC predicts that with the popularity of city navigation and assisted driving functions, Hesai's shipments of in-vehicle laser radars in China will exceed 3 million units in 2025 and 10 million units in 2028, with a compound annual growth rate of 58%. Siasun Robot & Automation is expected to become a new growth driver, with foreign markets poised for growth.