Intel Corp has set up a business division aimed at making money out of a new technology wave that can link up a host of electronic devices.<\/p>\n
The Santa Clara, California chipmaker and other technology companies are betting that what they call the ‘Internet of Things’ – a trend toward connecting everything from bathroom scales to skyscraper ventilation systems via the Internet – will create massive demand for new electronics and software.<\/p>\n
As Intel strives to make sure it’s not caught off-guard by future technology trends, its new ‘Internet of Things Solutions Group’ will report directly to Chief Executive Brian Krzanich, according to Doug Davis, the group’s general manager.<\/p>\n
“Krzanich is saying, ‘I want a higher level of focus on this to help us grow it and put the level of attention on it that it deserves,'” Davis told Reuters on Tuesday.<\/p>\n
The world’s biggest chipmaker, Intel dominates the personal computer industry but was slow to adapt its chips to be suitable for smartphones and tablets. A three-decade Intel manufacturing veteran who took over as CEO in May, Krzanich has made developing mobile chips a higher priority within Intel.<\/p>\n
In September, Krzanich announced that Intel was working on a new line of ultra-small and ultra-low-power microchips for wearable devices like smartwatches and bracelets, along with an ingestible version for biomedical uses.<\/p>\n
The new solutions group combines an existing Intel business focused on chips for commercial and industrial devices with Intel’s Wind River subsidiary, which sells software for commercial and industrial devices.<\/p>\n
“We’re pulling together a couple of pieces that are already doing well and we want to accelerate those efforts. This creates a primary focus around ‘Internet of Things,'” Davis said.<\/p>\n
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