Business agreement looks to drive local economic development

The long-term, comprehensive agreement will see NXP supply B.M. Holding with the latest in secure IoT technology. When construction is completed on the latest business district in 2017, it will represent a landmark complex that will help drive local economic development.

The project will consist of a 1km² smart commercial complex constructed in Shanghai’s Zhabei District, on the north bank of the Suzhou Creek. The development will use NFC, smart furniture, community illumination, resource control, safety monitoring, and numerous other cutting edge technologies. These technologies will be used in every office, hotel, apartment block, shopping mall, and residential property within the area, creating a better, secure IoT experience and ‘Smarter World’ for its residents.

Guido Dierick, Executive Vice President, NXP, said: “As Europe’s leading semiconductor company, NXP has built extensive experience in enabling Secure Connections for a Smarter World on a global scale. We are excited to combine our latest technology innovations and knowledge with leading Chinese partners to enable this large-scale smart business district.”

“NXP has been in the Chinese market for thirty years and this strategic cooperation with local Chinese partners represents yet another breakthrough in local cooperation,” said Li Zheng, Senior Vice President and China CEO, NXP. “Through our secure connected smart city solutions, we are aiding the development of IoT in China.”

“NXP’s secure connected wireless IoT solutions are supporting the creation of smart commercial developments,” added Yongjian Sun, Executive Director and President, B.M. Holding. “This high-quality commercial district will be a landmark complex within the center of Shanghai, providing investment value to the business community and driving local economic development.”

“Together with NXP’s world-leading IoT solutions and our building control, integrated systems, cloud computing, mobile connectivity, and practical IoT management, we will achieve true integrated innovation,” concluded Fangping Li, Vice President of Engineering, Digital China.