Intel and Chunghwa Telecom Co., Taiwan's largest wireless carrier, signed a memorandum of understanding Thursday on the development of technology related to the Internet of Things (IoT). The companies said they will jointly explore the software-defined infrastructure to optimize energy efficiency at cloud data centers.

The collaboration on IoT technology will focus on smart homes, energy management and fleet management, the companies said.

However, no concrete results are expected from the new agreement signed Thursday until a year later because the two companies still need time for research and development.