|Infineon and Alibaba Cloud Sign MoU on Internet of Things (IoT)|
|Munich, Germany, and Shanghai, China – 2 August 2018 – Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) and Alibaba Cloud Computing Company (Alibaba Cloud) have signed a memorandum of understanding (MoU) for the joint promotion of IoT applications within the fields of smart life and smart industry. Infineon and Alibaba will thus facilitate the digital upgrade of Chinese enterprises and cities.
As an active promoter and practitioner of Industry 4.0, Infineon will rely on its own core technology and service advantages in the field of IoT to collaborate with Alibaba Cloud on its IoT operating system, AliOS Things, and provide technical services. Additionally, with the acceleration of the IoT application process, new requirements are also placed on system security. As part of this collaboration, the two parties will further explore the planning, implementation and security standards of the IoT, enabling SMEs and individuals to deploy and access Alibaba Cloud in a low-cost, highly reliable manner. This will enable the participants to share in the development dividend of the IoT, while protecting them from losses caused by security risks. The two companies also plan to collaborate on e-commerce channels.
Based on this, both parties will make use of Alibaba Cloud's integration capabilities and successful experiences in IoT and work together to create advanced and secure IoT solutions. This will help upgrade and transform the smart digitalization of SMEs, allowing them to manage the entire production process through digital means.
“The construction and improvement of the IoT ecosystem requires gathering the advantageous resources and power of all parties,” said Wei Ku, Vice President of Alibaba Group and General Manager of Alibaba Cloud IoT. “This partnership combines Alibaba Cloud's capabilities in operating systems with Infineon's semiconductor technology solutions. We believe that this will effectively promote the deployment of IoT in smart industries.”
“As the world's leading semiconductor manufacturer, Infineon is committed to combining our advanced IoT semiconductor solutions with local experience,” said Andreas Urschitz, President of the Power Management & Multimarket Division at Infineon, “This partnership with Alibaba marks our efforts in this field.”
“Sustainable growth in mainland China is one of Infineon's most important development strategies, and is also our long-term goal in the Chinese market,” said David Poon, Vice President of Power Management & Multimarket, Infineon Greater China. “We are very pleased to work with leading companies like Alibaba Cloud, and to join in creating an IoT service platform that meets the needs of the local market, helps companies achieve digitalization, and provides a driving engine for innovation and the development of smart cities in China.”
About Alibaba Cloud
Alibaba Cloud Computing Ltd. (www.aliyun.com), founded in 2009, is the leading cloud computing and artificial intelligence technology company in the world, providing services to enterprises, developers and government agencies in more than 200 countries and regions. In January 2017, Alibaba Cloud became the designated global cloud service provider of the Olympic Games. As of August 2017, Alibaba earnings data showed that users who use the Alibaba Cloud payment service reached 1,011 million. Alibaba Cloud is committed to providing safe, reliable computing and data processing capabilities in the form of online public services, enabling computing and AI to become inclusive technologies.
Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon is the key to a better future. In the 2017 fiscal year (ending 30 September), the Company reported sales of around €7.1 billion with about 37,500 employees worldwide. Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).
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