(Yicai Global) May 21 -- Lyra-II, the world's first high-precision baseband chip that supports China's latest-generation Beidou-3 satellite navigation system, officially debuted in Beijing yesterday.
Devices fitted with the Lyra-II microprocessor will be able to receive all the Beidou-3 system's signals. The wafer's new anti-interference technology can detect and suppress interfering signals, UniStrong explained at the launch conference.
The company's shares [SHE:002383] hit the 10 percent limit up bourse rules impose after today's opening to close at CNY12.7 (USD1.8) on the chip's release
Beijing-based navigation technology developer UniStrong Science & Technology spent over CNY50 million (USD7.2 million) and two years of research and development on Lyra-II and achieved mass production last month in a development that will boost the commercial application of China's self-developed satellite system.
Terminals equipped with the chip are expected to come out in August this year, online news portal China News reported.
Beidou-3 completed basic system construction and began to beam information at the end of last year. Its signal now reaches 3 billion people in over 50 countries and is expected to achieve full global coverage by next year.
A baseband processor is a device in a network interface that handles all radio functions.Editor: Ben Armour