Tusimple holdings announces restructuring of u.s. operations and provides update on asia pacific business

Aligning capital spend with overall market conditions and pace of industry readiness reorganization of u.s. operations and a reduction in force to focus development efforts no longer seeking strategic alternatives for asia pacific business san diego , may 18, 2023 /prnewswire/ -- tusimple (nasdaq: tsp), a global autonomous driving technology company, announced a restructuring plan for its u.s. operations that is intended to enable the company to continue maturing its technology while preserving the company's balance sheet. the company also announced it is no longer seeking strategic alternatives for its asia pacific subsidiaries.
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