Beijing, China, May 17, 2017 - STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications and a leading supplier of automotive electronics worldwide, together with Allystar, a spin-out from CEC Huada Electronic Design Co. Ltd. and a leading Chinese GNSS chip designer, announce their cooperation to develop and market GNSS (Global Navigation Satellite Systems) solutions for automotive products and other applications.
GNSS solutions and technologies, including China's BeiDou navigation system, are playing an ever-increasing role in many different domains, related to smart mobility. Specifically, enhanced-precision location technology enabled by multi-constellation GNSS solutions, in combination with radars, cameras, and various sensors, will be a key enabler for autonomous cars.
ST and Allystar are already co-marketing highly reliable products for the automotive market and cost-competitive products for the consumer market.
"GNSS positioning technologies are vital for a variety of services and applications and will be one of the key building blocks for autonomous-driving solutions. Working closely with Allystar, the Chinese leader in GNSS/BeiDou solutions, allows ST to better address the enormous positioning market of China and Asia," said Marco Monti, Executive Vice President and General Manager, Automotive and Discrete Group, STMicroelectronics.
"Smart mobility for the autonomous car includes technologies capable of sensing the vehicle's environment and its navigation without human input. Many automotive companies are planning and developing vehicles with automated driving systems. Cooperation with ST allows Allystar to benefit from the variety of ST's automotive and other highly reliable products when serving customers in this fast-growing market," said Sun Zhong-Liang, General Manager, Allystar.
Allystar Technology (Shenzhen) Co., Ltd., a spin-out from CEC Huada Electronic Design Co., Ltd., was founded in Shenzhen, China on December 6th 2016. Its capital is 400M RMB. The joint venture board members of Allystar include CEC Optics Valley, SAIC Motor, BAIC Motor, Ningbo Bird Company, Jinjia Group. The core team of Allystar has many years of successful experiences in Integrated circuit design, GNSS algorithm development, security logistic management system, product solution design, etc. Allystar's focusing on several markets including a wide variety of secure location applications, such as GNSS, high precision positioning, secure IoT, autonomous vehicles, etc. Allystar is the first Chinese company ranked in the international top 10 of GNSS chips, and has won many important prizes and awards in China recognizing its R&D excellence and innovation capability.
ST is a global semiconductor leader delivering intelligent and energy-efficient products and solutions that power the electronics at the heart of everyday life. ST's products are found everywhere today, and together with our customers, we are enabling smarter driving and smarter factories, cities and homes, along with the next generation of mobile and Internet of Things devices. By getting more from technology to get more from life, ST stands for life.augmented.
In 2016, the Company's net revenues were $6.97 billion, serving more than 100,000 customers worldwide. Further information can be found at www.st.com
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