Smart washing machine has become the new favorite of the market, and the related chip business is rising.

Smart washing machine has become the new favorite of the home appliance industry. Data show that in 2017, the domestic washing machine market reached 20 billion, an increase of 166.7%. Among them, the local intelligent washing machine industry leader, Yangba , its sales have increased by more than 50% in 8 years.

Affected by this news, China's largest IC component distributor Cogobuy (400.HK) has seen a rapid increase in shipments in this area. In the Q1 quarter of 2018, Cogo Core City and Sunba Technology established a cooperation to help the product of the Chimplintelli CI1006A voice chip to achieve product upgrade.

Chiplntelli's CI1006A voice chip features high performance, low power consumption, high recognition rate, and low cost. It supports local voice detection, wake-up, and hundreds of offline command entry recognition. Ketong Core City (400.HK) helped the air-defense to achieve a three-step strategic upgrade of manual control - electronic control - voice control, helping Q5 intelligent mother-to-child washing machine mass production and investment in the market.

The smart home market has entered a period of rapid growth. According to Strategy Analytics, the global smart home market achieved revenue of $84 billion in 2017, a 16% increase from 2016. According to the Zhiyan Consulting Report, the growth rate of smart homes in China will remain above 50% in the next few years. Under this trend, Cogobuy (400.HK)'s chip performance in the smart home field continues to grow, and customers in the smart home appliance industry continue to increase.

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