Taipei, June 4, 2014 – STMicroelectronics , a global semiconductor leader serving customers across the spectrum of electronics applications, announced that Francois Guibert, Executive Vice President and President of ST’s Greater China and South Asia Region, will speak at the COMPUTEX Taipei 2014 IoT Forum on the Company’s offering and strategy for the Internet of Things (IoT), describing how to “augment” everyday objects to make them smart and connected.
According to Gartner, the IoT market, which excludes PCs, tablets, and smartphones, will grow to 26 billion units installed in 2020, representing an almost 30-fold increase from 0.9 billion in 2009. Gartner predicts IoT product and service suppliers will generate incremental revenue exceeding $300 billion, mostly in services, by that time, resulting in $1.9 trillion in global economic value-add through sales into diverse end markets.
“ST is committed to playing a key role in enabling the Internet of Things including its important role in tackling today’s societal challenges,” said Francois Guibert. “As a global market leader in MEMS and sensors, ARM® Cortex®-based microcontrollers, smart power, and automotive technologies, STMicroelectronics sees the IoT as the next step in the natural progression of “smart” features in electronic devices. We are ready for the next wave of IoT with an even richer portfolio of products and technologies that include integrated smart systems withmultiple sensors, processing, and communication technologies.”
ST envisages that anyone, from entrepreneurs to companies, can leverage the existing Internet infrastructure to conceive new applications and markets and createnew business opportunities. The IoT is widely accepted as the next “Big Thing” that promises to exploit the Internet with a multitude of applications and products, particularly wireless and mobile, penetrating a broad spectrum of markets. In many ways, the IoT is the hardware counterpart to the software “app” market and is unleashing a new wave of creativity in many differentsegments.
At his COMPUTEX keynote, Guibert will also describe the building blocks required to drive IoT and how ST’s portfolio of smart sensors, embedded processing, connectivity, analog, and power solutions, as well as the Company’sbroad ecosystem makes it easy to develop new ‘things’ that are smart and connected.
The COMPUTEX TAIPEI IoT Forum is taking place on Wednesday, June 4, 2014, from 14:00 to 17:45 at Banquet Hall, 3F, Taipei International Convention Center.