Intel Acquires Lantiq!
Whilst many major technology companies, like Blackberry, are making a play for Internet of Things, Intel is planning to invest in the industry as it takes off. Lantiq is a German broadband and networking gear company. Intel’s Client Computing Group has announced plans to acquire Lantiq on Monday, with the deal to be closed in 3 months’ time. According to The Wall Street Journal, it’s reported to be worth about US$400 million (MYR1,459 million)!
Kirk Skaugen, the senior vice president of Intel’s Client Computing Group, said that they expect to have more than 800 million broadband connected houses worldwide by 2018. What an ambition! They added that the combination of their cable gateway business with Lantiq’s technology and talent will allow the global service providers to create and introduce new experiences for home computing, along with enabling their customers to take advantage of their smart and connected home.
While Intel has what it takes to provide chips for connecting homes in the future, they need to be able to convince other companies to use the technology first. Or else, their dreams will just be dreams. With major companies such as Qualcomm and Samsung to seek control at the Internet of Things, things are just about to get started.