NXP Semiconductors recently signed a Memorandum of Understanding with Chinese commercial real estate developer B.M. Holding Group and IT service provider Digital China Holdings. The memorandum states that a strategic partnership is formed between the three to start construction of a "smart" business district in Shanghai.

The long-term, comprehensive agreement will see NXP supply B.M. Holdings with the latest Internet of Things (IoT) technology. When construction completes on the new business district in 2017, it will represent a landmark complex that will help drive local economic development.

"NXP has been in the Chinese market for 30 years and this strategic cooperation with local Chinese partners represents yet another breakthrough in local cooperation," said NXP senior vice president and NXP China CEO Li Zheng. "Through our secure connected smart city solutions, we are aiding the development of IoT in China."

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 Near Field Communication (NFC), smart furniture, community illumination, resource control, safety monitoring and numerous other cutting edge technologies. These technologies will be used in every office, hotel, flat block, shopping mall and residential property within the area, creating a new, secure IoT experience and 'Smarter World' for its residents.

"NXP's secure connected wireless IoT solutions are supporting the creation of smart commercial developments," said B.M. Holding executive director and president, Yongjian Sun. "This high-quality commercial district will be a landmark complex within the centre of Shanghai, providing investment value to the business community and driving local economic development."

By: DocMemory
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