Shanghai on Tuesday launched a smart sensor industrial park in Jiading district, which has been striving to develop intelligent internet of things (IoT).

The industrial park contains a core industry cluster exploring IoT-oriented applications of smart sensors, as well as two others that focus on intelligent manufacturing and automotive electronics.

A total of 32 enterprises signed to settle in the park, investing 24.8 billion yuan ($3.5 billion) on projects ranging from the design, testing, packaging and massive production of sensor chips.