Micron Technology, Inc. (NASDAQ:MU) revealed today that it has collaborated with Tata Communications to speed up the deployment of IoT devices. Both companies decided to establish a partnership to create a worldwide cellular-enabled connectivity solution. This solution will provide a flexible, scalable substitute for traditional physical SIM cards.
This solution will be powered by a new virtual SIM. It will be enabled by Micron’s Authenta Key Management Service (KMS). IoT solutions can give support to businesses and make them productive and efficient. Internet of Things (IoT) also brings new innovations and opportunities.
Tata Communications MOVE™ Global IoT Solution will provide an end-to-end solution for zero-touch onboarding of connected IoT devices to cloud services across 200 countries and territories with this new technology. This process is supported by 600 mobile network operators worldwide.
Micron Technology, Inc. (NASDAQ: MU) shares were trading down 1.34% at $52.14 during the trading session of Monday. Micron Technology, Inc. (MU) share price went from a low point around $31.13 to briefly over $61.19 in the past 52 weeks. It had a trading volume of 11.68 million as compared to the average volume of 18.85 million. MU market cap has remained high, hitting $59.72 Billion at the time of writing.
The industry has earlier anticipated the deployment of 50 billion IoT devices by 2020, but the actual deployment was 9 billion deployments of IoT devices. Tata Communications will provide a cloud-based eSIM for IoT, supported by Micron’s flash-based identity platform Authenta KMS. The solution will provide seamless global connectivity, highly scalable IoT security, Pay-as-you-go flexibility, and on-demand cellular-enabled subscription.