TuSimple Reaches Settlement Agreement With the Committee on Foreign Investment in the United States

Core Viewpoint - TuSimple Holdings Inc. has reached a settlement with the Committee on Foreign Investment in the United States (CFIUS) regarding past security and intellectual property concerns, allowing the company to focus on its development goals without admitting fault [1][2]. Company Overview - TuSimple is a global autonomous driving technology company based in San Diego, California, founded in 2015 [2]. - The company is developing a fully autonomous (SAE Level 4) driving solution for long-haul heavy-duty trucks, aiming to transform the $4 trillion global truck freight industry [2]. - TuSimple's technology enables trucks to see 1,000 meters away, operate nearly continuously, and reduce fuel consumption by over 10% compared to manually driven trucks [2]. - The company has achieved significant milestones, including the world's first fully autonomous, 'driver-out' semi-truck run on open public roads in both the U.S. and China, and the development of the world's first Autonomous Freight Network (AFN) [2].