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Is Intel quietly abandoning IoT plans?

by on05 July 2017


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For ages Intel has been banging on about the Internet of Things and how it will be the saviour of the chip business.

It seemed that Intel, having been too late to take advantage of the mobile boom, wanted to be in place when the Internet of the Things arrived.

However, Intel of late, appears to be withdrawing some of its enthusiasm. It is discontinuing its Galileo, Joule, and Edison lineups of development boards. The chip maker quietly made the announcement and now appears to be letting 130 people go from its IoT teams.

Intel plans to lay off 97 people at its corporate headquarters in Santa Clara and up to 40 more in Ireland as the chipmaker makes cuts to its Internet of Things group.

Intel's IoT group provided $721 million in revenue in the first quarter of the year, up nearly 11 percent from the prior year. But IoT accounted for less than five percent of Intel's sales.

Curiously, Intel hasn’t yet scrapped Curie, its platform for wearable devices. But given that the wearable market is at a standstill, it might not be long before Intel exits this market segment too.

But it is looking like Intel is falling back to its default PC/Server chips and has no plan to do anything else.

Last modified on 05 July 2017
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