(Yicai Global) Sept. 25 -- Orbita Aerospace Science & Technology will invest CNY50 million (USD 7million) in a research institute focused on artificial intelligence technology in the chip designer's hometown of Zhuhai in southern China's Guangdong province.

The wholly-owned research institute will develop AI technology, algorithms, chips and provide support for product development and technical consulting, including satellite big data AI processing and analysis, the company said in a statement.

The establishment of the facility will help Orbita Aerospace to cooperate with universities and other research institutions to carry out technical research and develop industrial applications of AI chips and algorithms, as well as boost processing and application service capabilities in terms of AI and satellite big data.

Founded in 2000, Orbita Aerospace mainly engages in integrated circuit design and aerospace electronics, as well as Big Data related to micro-satellite constellations.

Editor: William Clegg