Shanghai launches smart sensor industrial park

Shanghai: Shanghai on Tuesday launched a smart sensor industrial park in Jiading District, which has been striving to develop intelligent Internet of Things (IoT).

The industrial park contains a core industry cluster exploring IoT-oriented applications of smart sensors, as well as two others that focus on intelligent manufacturing and automotive electronics, China Economic Net reported.

A total of 32 enterprises signed to settle in the park, investing 24.8 billion yuan (about 3.5 billion U.S. dollars) on projects ranging from the design, testing, packaging and massive production of sensor chips.

Zhang Xi, Party secretary of Jiading, said the district will support the enterprises with investment and financing, expansion, R&D and talent aggregation.

The local government will also provide guidance on establishing a special support fund and investment fund for the sensor industry, Zhang added.