International investment to use IoT to connect major world hub
WASHINGTON – Dutch firm NXP Semiconductors announced on March 27 it had signed a memorandum of understanding with Digital China Holdings, an IT services company, and B.M. Holding Group, a real estate development firm, with the goal of building a “smart” business district in the center of Shanghai, China.
Shanghai, with a population estimated at more than 24 million, is among the largest cities in the world.
The project calls for the development of a 1-square-kilometer commercial complex to go up in Shanghai’s Zhabei district.
The smart city will consist of a large-scale “Internet of Things” deploying, but not limited to, smart furniture, community illumination, resource control and safety monitoring.
Guido Dierick, SVP and GC for NXP, said, “As Europe’s leading semiconductor company, NXP has built extensive experience in enabling secure connections for a smarter world on a global scale. We are excited to combine our latest technology innovations and knowledge with leading Chinese partners to enable this large-scale smart business district.”
The SVP and China CEO of NXP, Li Zheng, said the partnership will result in “yet another breakthrough in local cooperation” resulting in the development of IoT in China.
“NXP’s secure connected wireless IoT solutions are supporting the creation of smart commercial developments,” Yongjian Sun, B.M. Holding executive director and president, said.
“This high-quality commercial district will be a landmark complex within the center of Shanghai, providing investment value to the business community and driving local economic development.”
Digital China VP of engineering, Fangping Li said, “Together with NXP’s world-leading IoT solutions and our building control, integrated systems, cloud computing, mobile connectivity and practical IoT management, we will achieve true integrated innovation.”
