WISeKey began manufacturing IoT semiconductors in China and plans to increase its security chip installation base to 10 billion in the next three years, while setting up new secure microprocessors for the Internet of Things, blockchain, artificial intelligence and cybersecurity coin WISeCoin.
- WISeKey will continue to manufacture chips in other countries (Asia and Europe), but China will become the main manufacturing center in Asia.
- Currently, WISeKey has more than 1.2 billion security chips installed since 2010 (actually from 2010), and it actually covers all IoT areas - autonomous vehicles, small cities, drones, anti-counterfeiting products, smart lights, servers and mobile phones.
Zug, Switzerland, Beijing, China, June 4, 2018 - (Asia Pacific Business News) - WISeKey International Holdings Limited (hereinafter referred to as "WISeKey" or "Company") (Swiss Stock Exchange: WIHN) (OTCQX: WIKYY), A leading network security and IoT company announced today that it is manufacturing IoT semiconductors in China and plans to increase its security chip installation base to 10 billion in the next three years, while also serving the Internet of Things, blockchain, artificial intelligence and cybersecurity coin WISeCoin. Set up a new secure microprocessor.
The WISeKey IoT has more than 1.2 billion security chips (since 2010) and is actually involved in all IoT areas - autonomous vehicles, small cities, drones, security products, smart lights, servers and mobile phones. The VaulTIC 407 features an exceptional and rich set of security protocols and security features tailored for IoT applications. WISeKey will continue to manufacture chips in Asia and other European countries, and the company's new plant in China will become the main manufacturing center in Asia.
Trusted semiconductors are building blocks of the Internet of Things, and they are ubiquitous, involving autonomous vehicles, smart cities, drones, anti-counterfeiting products, smart lights, servers and mobile phones. Although China has mastered the process of using semiconductor assembly products from various regions (mobile phones are the most famous case), its industry vision is that Chinese technology companies can upgrade from simple assemblers to semiconductor manufacturers, so WISeKey has a great chance to become One of the first international companies to establish semiconductor manufacturing facilities in China.
For WISeKey, this is a huge opportunity for the development of revenue space, because China is currently the world's largest chip market, but it only produces 16% of domestic semiconductor use. At present, China imports about 200 billion US dollars worth of chips every year - this value exceeds its oil import value. In order to cultivate domestic industries, the Chinese government has significantly reduced the taxes and fees of smart manufacturers, and plans to invest 32 billion US dollars, making China a leader in design and manufacturing.
Carlos Moreira, founder and CEO of WISekey, said, "Our plan is to take advantage of this huge market opportunity to expand our production for the next three years from the current 1.2 billion chips to 10 billion. â€
In April 2018, WISekey announced a branch with Xingen Capital International, a subsidiary of Xingen Capital (CBC), a fund company that invests in global disruptive technology companies, and has reached an agreement to establish a joint venture in China - WISeKey China It has become a leading provider of network security, Internet of Things security and blockchain services in the domestic boom and development market. The primary goal of the new company is to gain a foothold in the market, to achieve rapid development in collaboration with leading domestic companies, and to establish a long-term reputation in the following areas: retail, financial transactions, automotive, urban management, large consumption, medical, smart cards, industry, Transportation and IT infrastructure, etc.
Xingen Capital, led by Internet innovator Edward Qiang Zeng, is the preferred financial service provider for strategic emerging industrial technology companies in China. It focuses on the strength of investors and partners to jointly promote the dynamic development of the industry. Xingen Capital recently established a “new generation of disruptive industry fund†of RMB 14 billion with the Shenzhen Municipal Government and the Chongqing Municipal Government to invest in subversive technologies in China and overseas.
Switzerland, where WISeKey was born, also maintained a pioneering relationship with China. It was the first Western country to recognize the People's Republic of China in 1950, only one year after the founding of New China. In 2007, Switzerland became one of the first countries to recognize the Chinese market economy. In 2013, Switzerland was the first European country to sign a free trade agreement with Beijing. In 2016, Switzerland was one of the first European countries to join the Asian Infrastructure Investment Bank.
To take full advantage of these Chinese opportunities, WISeKey made a strategic decision to localize VAULTIC (Safety Integrated Circuit VAULT) production.
VaulTIC407 combines the application microcontroller of the IoT Edge device to achieve an optimal level of security. WISeKey Secure Element provides secure storage and use of sensitive assets. Running on the WISeKey chip, this firmware features unique features in secure storage, encrypted computing and digital signatures, designed to perform sensitive calculations without revealing information such as power consumption types or electromagnetic emissions to the outside world. Data is stored deep in the protected memory of these chips. The unique performance of these chips is that they do not allow other software to run on them, and are equipped with a variety of hardware sensors and protection mechanisms to protect against hardware attacks. It is worth noting that if you try to apply WISeKey Secure Elements to sensitive microprocessors for application microprocessors that have recently been melted by Meltdown and Spectre, they will never succeed.
For more than two decades, WISeKey has been providing tamper-resistant microprocessors with a variety of common-standard certifications that can be implemented on the Internet of Things to provide secure storage, use of sensitive assets, and unique identification, identification, and protection devices. Professional features. These assets can be managed through a cybersecurity trust-certified pre-made public key infrastructure or as an operational service.
WISeKey Semiconductor is committed to developing the latest VaulTIC407 security microprocessors, enabling new security chips to be deployed in a variety of business areas. The WISeKey IoT has a installed base of more than 1.2 billion security chips (since 2010) and actually covers all IoT domains (smart cards, smart cities, drones, anti-counterfeiting products, smart lights, servers and mobile phones).
WISeKey's unique positioning is at the forefront of the Internet of Things as a VaultIC semiconductor, producing massive amounts of big data that, when combined with artificial intelligence (AI) analysis, help industrial applications predict equipment failures. Imagine a smart car equipped with a car data validation system that detects the need for maintenance of each component and digitally signs all necessary logs to prove that the service has been provided. This platform enables multiple industrial-grade applications, delivering optimal performance across industries through predictive equipment and mechanical maintenance, creating a truly smart home that connects home appliances, providing critical communications between devices, including autonomous vehicles and smart cars. family. The Internet of Things has unlimited practical value. WISeKey technology creates a platform that helps connected devices transform into smart devices, learn from attacks, self-defense, and transfer this intelligence to other devices on the network.
The VaultIC 407 is designed to be integrated into large-scale IoT projects, including security-specific components (public key infrastructure and entity management) that WISeKey can provide. This end-to-end security solution is called WISeKeyIoT.
Physical network empowerment devices and products generate massive amounts of data that are carefully analyzed and valuable to government agencies, product manufacturers, enterprises, and end users. This revenue model relies on data trust and IoT edge device control.
To enable efficient use of this unique solution in the market, users can perform remote operations such as uniquely identifying and controlling IOT Edge devices (activation/passivation/withdrawal) for dynamic security provisioning between Edge devices and commercial applications (points) Point-to-point security update) IOT Edge device certificate and security information.
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