Intel Corporation (NASDAQ:INTC) has announced that it is releasing a services suite packed with Intel chip software, secure services and much more in order to let companies install it in devices related to Internet of Things domain. The new platform is called Intel Corporation (NASDAQ:INTC) IoT Platform. Intel Corporation (NASDAQ:INTC) is betting hard on smartphones, wearable and Internet of Things and trying multiple options.
An article on Bloomberg reported that Intel Corporation (NASDAQ:INTC) has released its new platform in order to check ARM, its biggest competitor in the mobile phones business. ARM has put Intel at bay from major technology giants as far as the chip making is concerned. As a result, Intel Corporation (NASDAQ:INTC) is trying to penetrate emerging markets like China. The source quoted unit’s general manager of Intel Corporation (NASDAQ:INTC), who said that new platform will help Intel grow its Internet of Things business to $2 billion this year, a growth of no less than 18%.
Intel Corporation (NASDAQ:INTC) has launched some wearable devices in the past as well. The company is desperately trying to sign deals with major companies that will let it enter the smartphone business. It wants to power smartphones with its chips. It has also decided to upgrade its plants in China. Intel Corporation (NASDAQ:INTC) is also making some developments in the Cloud domain.
Intel Corporation (NASDAQ:INTC) is also trying to revamp its PC lineup. It is giving a 20% speed increase to data-center group line up of computers.
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