Bigwig chip maker Intel has disclosed in a recent blog post that it has hired former ARM executive Tom Lantzsch as the Senior Vice President and General Manager of its IoT Group.
According to the announcement, Lantzsch will take charge as Intel IoT Group's SVP and GM in January 2017.
Intel's hiring of Lantzsch - who most recently was the Executive Vice President of Strategy at Intel's rival ARM - is an indication of the fact that the company has persistent efforts underway to fortify its Internet of Things (IoT) business.
Online journal TechCrunch has disclosed in a recent report that chip maker Intel will likely announce another round of job cuts in the near future. The projected layoff move by Intel will mark the company's third round of layoff in the last 18 months.
According to the TechCrunch report, citing "sources close to Intel", the impending round of layoffs to be announced by Intel is apparently a result of the company's lackluster performance in its embryonic wearables business.
During the course of its Keynote at the IDF event ion Tuesday, chip giant Intel announced a new virtual reality (VR) reference design called 'Project Alloy.'
Intel's new Project Alloy VR headset, which was demonstrated on stage by Intel at the IDF event, essentially underscores a wireless system which, as per the company, contains all the things which are needed by the users to immerse in a VR experience without extraneous components.
On Tuesday, chip giant Intel revealed in an announcement that it is acquiring California-based deep-learning startup Nervana Systems. The acquisition will apparently help Intel gain some of the lost ground in the artificial intelligence (AI) arena, which currently is one of the newest trends in the tech sector.
The financial terms of Intel's acquisition of Nervana Systems have not been officially disclosed, but the value of the deal is estimated to be more than $350 million.
It's a common thing with companies poaching top executives in tech businesses and chip makers so, when Venkata Renduchintala joined Intel it did was not too shocking though a little unexpected. Until very recently, Renduchintala was a top executive with Qualcomm and now he will run the PC, mobile, IoT and software businesses of Intel.
Intel Corp, the largest chipmaker in the world trimmed its forecast for revenue growth due to reduction in spending by businesses in the wake of weaker macro-economic growth.
- Postage Prices will Decrease from Sunday; USPS not too Happy About It
- Marriott and Starwood Hotels & Resorts Worldwide Inc Shareholders Approve to $14.41 Sales Deal
- UK plan to impose additional tax on sugary drinks
- Obesity during pregnancy may increase risk of very ‘large babies’
- Dropping Sales at Gap’s Key Brands hurt the Company’s Shares