Microsoft Signs IoT MoU With LG

While attending the TechDays 2014 forum in Korea recently, Microsoft CEO Satya Nadella signed a memorandum of understanding with LG Electronics. The two companies have agreed to work together to expand their Internet of Things businesses.

It is thought that LG will focus on technology for its consumer electronics and mobile devices. Microsoft will assist by providing cloud-based platforms. They will target the B2C and B2B markets together.