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recently, information development announced the signing of a comprehensive cooperation agreement with shenzhen huada beidou technology co., ltd. (hereinafter referred to as "huada beidou"). according to the announcement, the main cooperation directions include: information development supports the development of huada beidou industry, beidou chip application cooperation, beidou large-scale application cooperation, and precise positioning services. the two parties will also establish a high-level quarterly meeting and mutual visit consultation mechanism, a daily communication and coordination mechanism, and a business cooperation promotion mechanism.

on september 1, information development stated on its official weibo account that the signing of this cooperation agreement marks a new step in the strategic cooperation between the two parties in multiple fields such as smart transportation, smart cities, and smart navigation. this cooperation is not only a reflection of the strong alliance between the two companies, but also a major measure to promote the large-scale application of beiji navigation technology across the country.

the partner is the leading beidou navigation chip company

it is reported that hgb is a leader in the field of navigation and positioning chips in china, focusing on the independent design, r&d and sales of navigation and positioning chips, algorithms and products, and is committed to providing high-performance chips and application solutions for the consumer electronics market and important national industries. hgb's products have won wide recognition in the industry for their excellent positioning accuracy, low power consumption and strong anti-interference capabilities, especially in the automotive, iot and dedicated terminal markets, where they have a high market share.

hgi beidou was born out of china electronics information industry group co., ltd. (cec), a fortune 500 company. it is one of the top ten outstanding settled enterprises in shenzhen, a national specialized and new "little giant" enterprise, and a guangdong manufacturing single champion demonstration enterprise. it has successively undertaken major projects such as the national development and reform commission, the ministry of science and technology, the ministry of industry and information technology, the guangdong provincial department of science and technology, the shenzhen science and technology innovation commission, the development and reform commission, and the bureau of industry and information technology. it has built the academician sun jiadong workstation, the national engineering laboratory internet of things research center, the guangdong science and technology department and the shenzhen science and technology innovation commission beidou engineering technology research center, and the shenzhen development and reform commission beidou engineering research center. in addition, hgi beidou is also the initiator of the central enterprise beidou platform led by the state-owned assets supervision and administration commission, and the strategic shareholder state-owned assets account for nearly 70%.

it is understood that hgi beidou has more than 30 years of experience in integrated circuit design. it has made continuous breakthroughs and innovations in the integrated design of baseband and rf, algorithm research, and product solutions for gnss navigation and positioning chips. it is the only chinese gnss chip design company ranked in the top ten in the world. the company's core technologies comprehensively cover rf technology, baseband technology, anti-interference technology, low-power technology, soc technology, algorithm technology, and security technology. it has applied for more than 400 intellectual property rights of various types, authorized more than 300, and won nearly 40 awards of various types. at present, hgi beidou has planned a full-stack, complete chip product line, covering multiple series of chips and modules, terminals and solutions.

it is worth noting that hgi beidou had intended to rush for an ipo. it signed a listing guidance agreement with citic securities in october 2022, but finally decided to terminate the listing guidance in august 2023. at that time, some investors believed that the market value of hgi beidou was estimated to be not small. "the initial financing of hgi beidou will not be less than 10 billion yuan. if the issuance volume is 300 million shares, the issue price per share will not be less than 33.33 yuan. after listing, the total market value of hgi beidou should be no less than 50 billion yuan, and the price per share will exceed 50 yuan, which may still be a conservative estimate."

we will carry out in-depth cooperation in technology research and development and industrial layout

public information shows that information development is a new type of digital enterprise that uses beidou, big data, blockchain, artificial intelligence and other technologies. the company's main businesses are smart transportation and smart government affairs. at present, smart transportation business is gradually becoming the company's second growth curve.

according to the announcement, information development and huada beidou will carry out in-depth and extensive cooperation in many fields including beidou chip research and development, technology application promotion, and industrial integration operations.

according to the official weibo account of information development, in terms of technology research and development, hgi beidou will provide information development with a high-tech r&d team, focusing on the development of customized beidou chips and promoting their application in key areas such as transportation and smart cities. through this in-depth cooperation, the two parties will work together to promote the large-scale application of beidou navigation technology across the country, so that these technologies can serve traffic management, urban planning and other intelligent systems more widely.

in terms of "vehicle-road-cloud integration" applications, hgi beidou will support information development and promote the innovation and implementation of "5g+beidou" technology by providing beidou navigation chips with excellent performance. this cooperation will promote the widespread application of beidou technology in smart cities, smart transportation, big data applications, unmanned driving, smart terminals and other fields, so that these cutting-edge technologies can be integrated into actual application scenarios faster and more effectively, and improve the intelligence and digitalization level of various industries.

looking ahead, the cooperation between information development and hgb will not only be limited to technology research and development, but will also expand deeper collaboration in industrial layout and other aspects. the strong combination of the two parties will further consolidate information development's leading position in the fields of smart transportation and smart government affairs, while helping hgb to expand in the high-precision positioning chip market. through continuous technological innovation and market promotion, the two parties will jointly promote the global application of hgb technology, especially in emerging fields such as smart city construction, unmanned driving, and smart logistics, and work together to build a more intelligent, accurate and efficient hgb ecosystem to provide global users with excellent technology and service support.

information development said that this cooperation not only promoted the long-term development of both parties in their respective fields, but also injected new vitality into the promotion and application of china's north technology around the world. in the future, with the continuous upgrading of technology and the continuous expansion of the market, ces information development and huada north technology will work together to lead the transformation of the industry and jointly create a more intelligent and digital future.