HGI BeiDou completes Series C financing

Huada Beidou recently completed a C round of financing of several hundred million yuan, attracting investors such as China Development Bank Science and Technology Innovation and Greater Bay Area Fund. The company focuses on the research and development and sales of Beidou navigation and positioning chips, and its products have been widely used in industries such as automobiles and the Internet of Things. This round of financing will be used to strengthen chip technology research and development and market expansion.