TAIPEI -- Nasdaq giant Intel is teaming up with Chunghwa Telecom, Taiwan's largest integrated telecommunications services company, to develop technologies that connect everyday devices to the Internet -- a concept that has been dubbed the "Internet of things", or IoT.
The two companies signed a memorandum of understanding to facilitate technology sharing for joint development of applications for smarter households, improved energy management and fleet control systems.
Intel is to provide gateway solutions to Chunghwa designed to improve security for users transmitting data through cloud systems. The companies are also seeking ways to enhance consumer experiences when devices are activated remotely through the Internet.
"The opportunity to collaborate with Chunghwa Telecom, and develop and leverage their capability and their technologies, coupled with Intel's technologies to extract value from the data (from connected devices) is transformational," Richard Dwyer, Intel's vice-president for sales and marketing, told reporters in Taipei on Thursday.
"We hope to combine our software and Intel's excellent hardware to drive innovation in (the) Internet of Things," said Hung Feng-yue, president of Chunghwa Telecom's Telecommunication Laboratories.
The IoT collaboration with Chunghwa is Intel's first in Asia and fifth globally.