XPE General Topics, page-2627

Taiwan firm to launch $625m global IoT fund

Telink calls Taiwan home...
Late June is a little late fellas
Any Dots ? who knows.

A Taiwanese investment firm is looking to capitalize on the red hot Internet of Things (IoT) market, by launching a $625 million global IoT investment fund.
The China Post reports that Fu Hwa Securities Investment Trust Co. will begin operations of its IoT investment fund by late JUNE.

The firm said its new fund will target the plethora of opportunities that are emerging from IoT technologies such as self-driving cars, big data, smart logistics, cloud computing and advanced manufacturing. As well, Fu Hwa said it will be exploring investments in such sectors as pharmaceuticals, energy, environmental and biotech.
Geographically the fund’s target markets will be the U.S., China, Japan and Europe.
Fu Hwa is looking to cash in on the huge growth in the IoT market. McKinsey recently projected that the global IoT market has the potential to grow from the current $3.9 trillion a year to 11.1 trillion a year by 2025.
The IoT market is currently in an early phase that is focusing on developing software and hardware platforms, said Fu Hwa. The firm anticipates the next phase will include innovations in integrating new software services and business models.