MOEA teams up with Qualcomm to accelerate the pace in building IoT ecosystem in Taiwan
The Ministry of Economic Affairs (MOEA) held the signing ceremony for a memorandum of understanding with Qualcomm Inc. on November 7. The purpose of the MOU is to accelerate the pace in developing 4G+/5G mobile communications, and building IoT ecosystem in Taiwan. Qualcomm plans to establish a testing lab and a technology development team in Taiwan, where support on technology incubation and acceleration is envisioned as well. Qualcomm will also support development of innovative 4G+/5G and IoE products and solutions based on Qualcomm technologies for supply to the global marketplace.
On behalf of the MOEA, Deputy Minister Shen Jong-chin signed the MOU with Qualcomm Executive Chairman Dr. Paul E. Jacobs. Industrial leaders such as Chunghwa Telecom Co., Taiwan Mobile Co., Asustek Computer Inc., Hon Hai Precision Industry Co., Wistron NeWeb Corp. and HTC Corp. also witnessed the ceremony. Participating start-ups also demonstrated their latest innovations, including ChaseWind (Cycling Glasses incorporated with augmented reality), TCIT (accurate and compatible facial recognition software), AiQ (smart clothing), along with start-up teams from the MOEA-held and Qualcomm-sponsored annual ICT contest "Mobileheroes."
Deputy Minister Shen said that Taiwan and Qualcomm had set up a long-term partnership. This new MOU is not only an extension of the existing partnership, it also shows Taiwan's first step to build itself into a Silicon Valley in Asia. Taiwan fully embraces Qualcomm as an important partner in the Asian Silicon Valley initiative, where assistance will be provided to Qualcomm as needed.