In order to get in hand of IoT business opportunities, the domestic industry and the research have been diversified, covering more than 20 companies and 10 related associations, research units, including semiconductor, communication, system integration and service application. TwIoTA was established in December 20, 2016, the chairman also know the CEO of Powerchip Group, Dr. Frank Huan stated, integration is the key point for Taiwan to grasp IoT trends, in the future we should participate more relevant industrial standards and regulations, in order to expand the influence internationally.

According to Gartner analysis, in 2020 there will be 20.8 billion of devices combine with IoT application services, which an average of 5.5 million IoT devices will be produce per day. The future IoT and services business opportunities shall not be underestimated.

The chairman, Dr. Huang stated IoT is different from the past ICT development tracks, it will bring numerous opportunities. Taiwan has an advantage of a complete supply chain from semiconductor to system and a high flexibility, which able to assist Taiwan to have hand on IoT business opportunities. TwIoTA wishes to work together with relevant industry companies to integrate everyone’s power in land and to participate both cross-strait and international activities; especially, standards of IoT in mainland China.