By Noel Randewich
SAN FRANCISCO, Nov 5 (Reuters) - Intel Corp has setup a business division aimed at making money out of a newtechnology wave that can link up a host of electronic devices.
The Santa Clara, California chipmaker and other technologycompanies are betting that what they call the 'Internet ofThings' - a trend toward connecting everything from bathroomscales to skyscraper ventilation systems via the Internet - willcreate massive demand for new electronics and software.
As Intel strives to make sure it's not caught off-guard byfuture technology trends, its new 'Internet of Things SolutionsGroup' will report directly to Chief Executive Brian Krzanich,according to Doug Davis, the group's general manager.
"Krzanich is saying, 'I want a higher level of focus on thisto help us grow it and put the level of attention on it that itdeserves,'" Davis told Reuters on Tuesday.
The world's biggest chipmaker, Intel dominates the personalcomputer industry but was slow to adapt its chips to be suitablefor smartphones and tablets. A three-decade Intel manufacturingveteran who took over as CEO in May, Krzanich has madedeveloping mobile chips a higher priority within Intel.
In September, Krzanich announced that Intel was working on anew line of ultra-small and ultra-low-power microchips forwearable devices like smartwatches and bracelets, along with aningestible version for biomedical uses.
The new solutions group combines an existing Intel businessfocused on chips for commercial and industrial devices withIntel's Wind River subsidiary, which sells software forcommercial and industrial devices.
"We're pulling together a couple of pieces that are alreadydoing well and we want to accelerate those efforts. This createsa primary focus around 'Internet of Things,'" Davis said.
- Technology & Electronics
- Intel Corp