Infineon signs deal with Alibaba on Internet of Things

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FRANKFURT (Reuters) - Germany’s Infineon Technologies said on Thursday it had signed a memorandum of understanding with the cloud computing unit of China’s Alibaba to jointly promote uses of the Internet of Things (IoT).

The agreement focuses on the areas of smart life and smart industry, the companies said in a joint statement, adding that it would help facilitate the digital upgrade of Chinese enterprises and cities.

Infineon brings its experience in the industrial internet to collaborate with Alibaba Cloud on its IoT operating system, called AliOS Things, and provide technical services. The two will work together on IoT security standards and collaborate on e-commerce channels.

Reporting by Douglas Busvine; Editing by Maria Sheahan