I don't work in the IoT department but they use our chips and I can guarantee you that if you make security a legal requirement my company will not hire more engineers, they will hire more lawyers.
In case you're serious:
No, they will work on some legal dodge to avoid the liability. The company does not see it as a technical problem.
If the regulations are crafted properly, legal dodges won't make the nut. Firms that go that route will fail.