Ministry of Economic Affairs Passes IoT Pact In Taiwan

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With the ever rising demand for the internet of things across the globe, governments of different countries are taking appropriate initiatives to make the most of the current ecosystem, and Taiwan doesn’t want to be left behind at any cost.

IoT3

Recently, the Ministry of Economic Affairs in Taiwan along with high-tech heavyweight Qualcomm Inc. inked a memorandum of association related to the internet of things growth in the country.  The initiative was a part of government’s attempts to turn Taiwan into the Asian Silicon Valley.

Internet of Things Pact

Under this pact between the government and Qualcomm Inc., the latter will set up a world-class partner lab in Taipei, which will focus on the development of fourth-generation plus and fifth-generation IOE (Internet of Everything) solutions and products. Going forward, the Taiwan government will work upon a strategic alliance involving network solution providers, service carriers and original equipment and design manufacturers. This initiative is likely to prepare Taiwan’s IoT production to live up to international demand.

During the pact signing ceremony, MOEA Deputy Minister Shen Jong-chin was heard saying that the support of Qualcomm Inc. will guide Taiwan in sharpening its R&D capabilities, initiating fast track development and fostering startup culture in country’s high-tech sectors like computing, automotive and smart city.

Also Read: Taiwan Mobile Selects Cisco Jasper for Enterprise IoT

Qualcomm Executive Chairman Paul Jacobs backed Shen Jong-chin and said that it’s a proud moment for Qualcomm Inc. The partner lab will work as a hub for sharing expertise & ideas and developing new IoT solutions.

More about this collaboration between Taiwan Government and Qualcomm Inc can be found here.

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