Boston, MA 11/08/2013 (wallstreetpr) – The management of Intel Corporation (NASDAQ:INTC) has announced that they are planning to set up new business units and the aim of these business units would be to earn money with the help of new wave of technology which would link up various electronic devices. For this, the company is counting on a trend which is being named as “Internet of Things” which is a trend that would help in connecting all the devices with the help of internet.
In order to start this new kind of business unit in a successful manner, the company is trying to make sure that it does not gets caught unaware by upcoming trends in the technology. Also this kind of newly formed group would be directly reporting to the Chief Executive Officer of the company, Brian Krzanich.
Intel Corporation has been a force to reckon in the personal computer industry but was very slow in bringing the chips which were suitable for the smart phones and new technology tablets. Brian Krzanich has been with the company for many years now, and then he became the Chief Executive Officer in May.
With the assistance of Brian Krzanich, the manufacturing of the mobile chips in the company has been prioritized. In the month of September, he made an announcement that the company is busy in development of a new series of ultra small and ultra low power micro chips for the devices. These devices would be easy to use and can be worn like bracelets and smart watches.
These new divisions would comprise of an existing unit which would work with the help of chips which are used in industrial and commercial devices. Moreover, the company is also planning to enter into the television business and is also in talks with Verizon Communications Inc about taking over the Internet TV Unit.
