WISeKey Ramps Up Semiconductors and Blockchain Operation in China

WISeKey International Holding (OTCQX:WIKYY) has announced it has begun ramping up its IoT semiconductors and blockchain operations in China.

As quoted in the press release:

WISeKey has already started the localization of the its IoT semiconductors in China, having as a goal the ramp up of its secure chip install base to 10 billion within the next 3 years, with a new Secure Microprocessor for IoT, Blockchain, AI and WISeCoin.  WISeKey IoT has an install base of over 1.2 billion secure chips (since 2010) in virtually all IoT sectors – autonomous cars, smart cities, drones, anti-counterfeiting, smart lighting, servers, mobile phones, etc. VaultIC407 features an outstandingly rich set of Security Protocols and Security Functions tailored to IoT applications. While WISeKey will continue manufacturing chips in other countries in Asia and Europe, its new plant in China will become the main manufacturing center for Asia.

WISeKey China has the goal of becoming one of the leading providers of Internet of Things (IoT) and Blockchain services for the growing Chinese market. The over-arching objective of the new company is to establish a market foothold with credible in-country leaders to maximize revenue in the near-term and realize reputable category position in the sectors of: retail, financial transaction, automotive, smart cities, consumer products, healthcare, smart card, industrial, transportation, and IT infrastructure, in the long-term.

Trusted Semiconductors are the building blocks of the IoT, found in everything from autonomous cars, smart cities, drones, anti-counterfeiting, smart lighting, servers, mobile phones, etc. Although China has mastered the art of assembling products with semiconductors produced elsewhere (the iPhone is the most famous example), the aspiration is for technology companies in China to move from being mere assemblers to manufacturers of semiconductors, therefore there is huge opportunity for WISeKey to become one of the first global companies to establish its semiconductors manufacturing facility in mainland China.

The world is beginning to feel the effects of the explosive development of the Internet of Things (IoT). IoT is a driving force for social development, powering industrial transformation: smart cities, transportation, finance, energy, healthcare, manufacturing, smart home or consumer electronics, and offering the potential for Communications Service Providers to capture new services and revenue – estimated to reach 15 billion connections by 2020, and over $2 trillion in overall market revenue.

Click here to read the full press release.