"Open Laboratory for Smart Home Interconnection Security“ is formed in China by companies such as Midea, Huawei Consumer BG, Tencent CESI, and Infineon along with the support of China Electronics Standardization Institute. The partners are aiming at jointly developing security technologies for smart home appliances that are manufactured and used in China.
“The joint project underlines our competence in the development of security solutions for the connected world,” said Helmut Gassel, member of the management board of Infineon Technologies. “We are very pleased to team up with Chinese partners to set up the ‘Open Laboratory for Smart Home Interconnection Security’. Together, we want to develop standards to better protect connected smart home appliances that are increasingly part of the Internet of Things. The joint lab is a major step forward in increasing consumers’ privacy.”
China's smart home appliance market is growing very fast, where it is predicted the annual growth rate of 97 percent between 2016 and 2020. Shipments of smart home appliances are expected to grow from 15 million units to 223 million units in the same timeframe according to IHS Markit 2016, these figures were shared by Infineon in its latest release.