Leading Taiwanese chipmaker, MediaTek has signed a US$600 million agreement with China’s digital map provider Navinfo to accelerate its expansion into fast-growing telematics and advanced driver assistance systems (ADAS) markets. Under the agreement, NavInfo plans to wholly acquire AutoChips, a Chinese subsidiary of MediaTek, for a purchase price of US$600 million. AutoChips offers automotive infotainment SoC solutions.
NavInfo is China’s largest and world's third largest independent provider of digital maps, having major automative clients including BMW, VW, Mercedes, GM, Toyota, Volvo and Great Wall. In addition, NavInfo has long cultivated the Internet-of-Vehicles(IoV) market, from providing traditional services such as digital maps, to now providing dynamic traffic information, cloud services, automotive apps, and automotive OS. Aside from IoV services for car manufacturers, NavInfo also provides clients such as Tencent, Baidu, and Didi with dynamic traffic information to power their services.
The goal of this cooperation is to leverage the strength of AutoChips in hardware and the expertise of NavInfo in software to provide clients with an enhanced infotainment SoC solution, as well as integrated dynamic traffic information, to cultivate the IoV market. Through the partnership with NavInfo, AutoChips can also work more directly with automakers in the future, said both companies in a statement.
