• On February 18th, Japan’s cabinet approved a bill designed to accelerate the development of drones and 5G networks in the country. Companies investing in 5G technology network infrastructure will benefit from a 15% tax credit. These companies will also be able to access low-interest loans from government-approved financial institutions. To be eligible for these benefits, companies must satisfy criteria in “safety and reliability”, “reliability of supply” and “openness (compatibility with international standards)”. The government will submit the bill to parliament with the intention to have it in effect by the summer.
  • The Israel Industry 4.0 conference took place in Tel Aviv, from 24-27 February, 2020. Co-hosted by Start-Up Nation Central (SNC), Grove Ventures and Deloitte, the event attracted over 1,000 global industry leaders and local entrepreneurs. According to NSC, there are 260 active startups in Israel today, which is a 70% increase from 2014. The funding to industry 4.0 startup also increased from $112 million to $650 million during the same period.
  • Philippine mobile operator Globe Telecom announced that it completed the first 5G video call in the country with Bangkok-based AIS Thailand. The Philippines became the first country in Southeast Asia to introduce the 5G technology when Globe launched its 5G fixed wireless access in June 2019. The video call took place in February after AIS tested its own 5G network in Bangkok. According to the Globe Telecom, the conversation lasted more than three minutes
  • Frost & Sullivan, a California-based market research company, released a new report, “Growth Opportunities in the Global 5G Chipset (ICs) and Devices Market, Forecast to 2025”. According to the report, the total revenue of the 5G chipset market will significantly increase from $1.6 billion in 2019 to $27.8 billion in billion, thanks to the increasing demand in automotive, healthcare, industrial IoT and retail.
  • The study by Extreme Networks found that 70% of companies using IoT devices were fully aware of successful or attempted hacks. The same study also found that more than half the companies using IoT devices with some subscription admitted that they do not use additional security measures beyond default passwords. The survey polled 540 IT professionals across industries in the North America, Europe and Asia Pacific regions, and nine out of 10 said they are not confident that their network is secured against massive attacks.