Intel fully embracing Internet of Things transition to connected tech

Intel is embracing the Internet of Things (IoT), even if no one is really sure how the technology will develop in coming years.

52 seconds read time

Intel isn't sure what will happen with the booming Internet of Things (IoT) market, but the Silicon Valley company wants to make sure it is involved.

Intel fully embracing Internet of Things transition to connected tech |

During CES last month, Intel unveiled the Curie chip designed for wearables and other connected technologies - which it hopes will be introduced in a variety of different future products. Intel predicts there will more than 800 million Web-connected homes over the next three years, and that number will only grow higher.

"What we see in that segment of the market, the Internet of Things, there's lots of innovation going on," said Stacy Smith, CFO of Intel, in a statement to CNET. "If anybody tells you they know who's going to be the winner three years from now, they're making it up, because nobody knows."

Earlier in the month, Intel announced its acquisition of Lantiq, a networking and semiconductor company, which will give it a boost in powering home "things."

"The Lantiq purchase shows how many tech firms, like Intel, are looking to get into the connected 'smart home' market," said Jason Hope, a technology industry entrepreneur and futurist. "It's not surprising, with the potential income available in this market. Whether through wearables or through the connected home, Intel is showing that it is taking the Internet of Things seriously."

An experienced tech journalist and marketing specialist, Michael joins TweakTown to cover everything from cars & electric vehicles to solar and green energy topics. A former Staff Writer at DailyTech, Michael is now the Cars & Electric Vehicles News Reporter and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog,, while he looks to remain busy in the tech world.

Newsletter Subscription

Related Tags