Intel has turned a former rival into one of its own with hiring Venkatha Renduchintala, formerly of Qualcomm. Renduchintala will head up Intel's newly formed Client and Internet of Things Businesses and Systems Architecture Group and will be the second highest ranking executive at the company.
Qualcomm announced this week plans to sell Vuforia, its augmented reality business, to Internet of Things company PTC for $65 million, according to press releases from the companies.
The most popular smartphones are not powered by the processors from mobile chip powerhouses Qualcomm and MediaTek, according to the latest stats from Strategy Analytics.
Qualcomm announced Wednesday what it is calling a "Strategic Realignment Plan," which involves slashing costs and making some cuts in workforce, along with a realignment of its board, better return of capital to stockholders and a revamped executive compensation plan.
As rumors swirl about possible layoffs at Qualcomm, the chip maker is moving ahead with an investment in mobile startup Workspot.
The Open Interconnect Consortium and the AllSeen Alliance are both generating traction in a quest to become the primary IoT standard.
One of the emerging Internet-of-Things consortia has struck pay dirt, having completed initial development work on a protocol for enabling software platforms for everyday devices.
Intel, the chip powerhouse for PCs, has been struggling to gain a significant foothold in the mobile chip market dominated by Qualcomm.
You know a new technology has evolved past the embryonic phase when three or more teams of tech players close ranks to decide how to make use of it.
Check out the hottest mobile IT apps for July 8, including the consumer movement away from long-term device contracts, Intel's attempt to create its own standards group for IoT, the coming surge for beacon shipments, Dasher tries to set itself apart as a messaging app and the coming regulatory storm for "freemium" apps.