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NXP and partner to develop internet of things and artificial intelligence in China

NXP Semiconductors has reached a strategic agreement with Chinese e-commerce giant to collaborate on the development of internet of things and artificial intelligence solutions, products and services.

The joint effort will leverage and combine’s expertise and capabilities in e-commerce and data analysis as well as operations in finance, logistics and marketing, with innovative technologies from NXP in the field of security, IoT, AI and edge computing to establish an integrated IoT ecosystem of products, services and operations for the China market and beyond.

In recent years, with the rapid advancement of technology and the growing market demand, the IoT industry has developed rapidly. 

Data released by market analysis company Gartner shows that by 2020, the number of global connected devices will reach more than 20 billion units, and the market for IoT will reach $1.9 trillion.

The partnership between NXP, one of the world’s largest providers of automotive electronics and innovative artificial intelligence IoT solutions, and will drive the upstream and downstream enterprises in industry chain integrating superior resources and jointly energize the industry with technologies to establish a new ecosystem for the development of the IoT industry.

(Main picture courtesy of China Daily.)