“With an increasingly networked world, the demand for such sensor solutions will see a dramatic rise,” says Infineon CEO Reinhard Ploss.

IoSense is is designed to further strengthen Europe in the production of cost-effective sensors and sensor systems.

For three years, 33 partners from six countries will perform R&D along the entire value chain. The project has a budget of €65 million euros.

The EU is supporting the venture within the context of ECSEL with €14.7 million.

The German state of Saxony and the German Federal Ministry of Education and Research (BMBF) will jointly contribute €5.2 million to help the sensor pilot line.

At the heart of IoSense is the building of pilot lines with complementary competencies: from the development of new sensor technologies and methods for competitive high-volume manufacturing to the creation of new application examples.