SMM: chip manufacturer Shenzhen Huada Beidou Technology Co., Ltd. (hereinafter referred to as "Huada Beidou") recently increased its registered capital from 565 million yuan to 589 million yuan, introducing five shareholders such as BYD and Gongqingcheng Beidou Investment Management Partnership (limited partnership).
Data show that Huada Beidou, which was founded in 2016, came from an extraordinary background. Its predecessor was the Huada Electronic Navigation Division of China Electronic Information Industry Group Co., Ltd., which was jointly invested by SAIC, BAIC, Bao, Jinjia and other enterprises. At present, CDH Investments, Shenzhen Capital, Gree Venture Capital and other well-known institutions are also among its shareholders.
In this capital increase, BYD subscribed 40.78974 million yuan to Huada Beidou, thus holding a 6.93% stake, making it its third largest shareholder.
It is worth mentioning that before this investment, BYD itself has been in the semiconductor sector for a long time.
According to a reporter from Science and Technology Innovation Board Daily, BYD established the Semiconductor Division as early as October 2004 and has been committed to the development of integrated circuits and automotive power devices. BYD has been laying out IGBT since 2005. Up to now, it has become the largest IGBT manufacturer in China, accounting for more than 20% of the domestic automobile market.
On April 14 this year, BYD Semiconductor officially completed its internal restructuring and announced that it intends to introduce strategic investors by means of capital increase and share expansion, diversify its shareholder structure, and will make full use of the capital market financing platform to actively seek independent listing at an appropriate time.
As of June 15, BYD Semiconductor has completed the A+ round of financing, introducing 30 strategic investors, including South Korea's SK Group, Xiaomi Group, Lenovo Group, CITIC Industrial Fund, SMIC Juyuan, SAIC, BAIC, and Shenzhen Huaqiang.
What does BYD see in China Big Dou when it has its own independent semiconductor business?
Science and Technology Innovation Board Daily reporter contacted BYD to learn more about the background and considerations of the investment in Huada Beidou, the company replied, "there is no more information to disclose, please pay attention to the follow-up announcement."
According to the official website, Huada Beidou specializes in navigation and positioning chips, algorithms and products, and its main business includes dedicated end markets such as the civil consumer electronics market and the national lifeline industry, the automotive industry, and the Internet of things. Provide chip and application solutions. In November 2019, the company completed round A hundreds of millions of yuan of strategic financing, which was mainly used to develop a new generation of autonomous and controllable Beidou navigation and positioning chips.
Public xin also shows that Huada Beidou is the only professional navigation and positioning chip manufacturer in mainland China that has been selected as the international ranking TOP10 in the ABI Research research report for two consecutive years. In addition, the company has also developed and produced the world's first multi-system, multi-frequency, high-precision SoC chip that applies the new generation Beidou 3 signal system, and has also successfully mass-produced the chip to domestic smartphones. In 2019, together with Huawei Hayes, it was listed on the list of manufacturers of core devices in the consumer market of the European Global Navigation Satellite system Agency (GSA) 2019.
"resume" is so dazzling, no wonder BYD Semiconductor, which built the "core", invested in the shares. Whether the future China Big Dipper will be further "linked" to BYD Semiconductor remains to be seen.
