INTEL DEVELOPER FORUM, Beijing, April 11, 2012 – Intel Corporation announced today a joint agreement with the Beijing Municipal Government and Institute of Automation of Chinese Academy of Sciences to establish "China Intel Internet of Things" (IoT) Joint Labs to collaborate on IoT-related core technology research, development and business model innovation. The three organizations will invest 200 million RMB (US$31.7 million) over the next 5 years.
IoT is a global technology evolution through which data from billions of devices are seamlessly connected, intelligently managed and securely interacting over a network. This enables people, devices and systems to turn data into useful information and valued services.
The foundation of the joint research will address the core technologies associated with IoT including sensing, networking and processing, among others that will help address computing, storage and communication challenges of massive-scale systems derived from the large amounts of data gathered.
Tan Tieniu, director of National Laboratory of Pattern Recognition Institute of Automation of Chinese Academy of Sciences, and Jesse Fang, vice president of Intel Labs and managing director of Intel Labs China, were named co-presidents of the China Intel IoT Joint Labs.
"The China Intel IoT joint labs is the largest of its kind that Intel has participated in research collaboration in China, and it is unique in that Intel not only contributed funding but also employees as dedicated senior research leaders," said Fang. "New applications from personalized energy management to smart traffic control to smart cities will be made possible by the research conducted at these labs."
