A NEW chip for the BeiDou Navigation Satellite System was unveiled Saturday by the Global Navigation Satellite System and Location-Based Service Association of China.

The chip supports the new generation of BeiDou-3 satellites for high-precision navigation and positioning. The positioning accuracy of the chip reaches the sub-meter level without ground-based augmentation.

The chip, developed by Shenzhen-based Allystar Technology, can also be used in unmanned driving systems, wearable devices, precision agriculture and smart logistics.

Four BeiDou-3 satellites will be launched by the end of this year, and a complete global satellite navigation system will be in place by around 2020, according Yang Changfeng, the system’s chief designer.

The value of the satellite navigation and location-based service industry stood at 212 billion yuan (US$31 billion) in 2016.  (Xinhua)