IDC expects smart wearables, which are those capable of running third-party apps, to really start ramping up in 2016. In 2015, IDC thinks that 33.1 million smart wearables will ship worldwide, up from 4.2 million in 2014. IDC expects smart wearables shipments will increase to 89.4 million in 2019.
Intel said it will invest $125 million in startups run by women and minorities. The new fund will be run by Intel Capital and some of that amount will overlap with the previously announced $300 million the company has promised to spend on diversifying its workforce.
It seems that every month this year has brought news of some M&A activity in the chipset industry. However, the big deals ahead for semiconductor companies could be even more focused on the Internet of Things.
Intel agreed to buy rival chipset maker Altera for $16.7 billion in a long-rumored deal that will get Intel further involved in the market of silicon for network gear and data centers. The deal represents another indication of consolidation in the silicon industry and comes hot on the heels of Avago Technologies' $37 billion transaction to buy Broadcom, which will push Avago into the networking chipset market.
Cisco is joining more than 130 vendors and service providers in the Intel Network Builders ecosystem, several of which demonstrated solutions at the NFV World Congress event in San Jose, Calif., last week.
Ericsson added a security element to its managed services offering, forging a deal with Intel Security it said will enable operators to mitigate future security risks for consumers and enterprises.
How did the wireless industry perform in the first quarter of 2015? Check here throughout the first-quarter earnings report season for full earnings reports from the wireless industry's carriers, handset makers, equipment suppliers and others.
Intel said it remains on track to cut $800 million in losses from its mobile business this year as it ramps up production of its chipsets for entry-level phones and tablets. The company, which reported first-quarter earnings yesterday, also said it will continue to pay device makers to put its silicon inside their gadgets, but it will do less of that this year than it did in 2014.
Silicon maker Altera has broken off talks about a potential acquisition by chipset giant Intel, according to multiple reports, apparently after a disagreement over the price.
Intel is in advanced talks to buy chipset vendor Altera Corp., according to multiple reports, in a deal that could top more than $10 billion. Altera makes specialized chips that are widely used in cellular base stations, so the deal could be a way for Intel to get a tighter grip of the wireless market while it is trying to get its silicon into more mobile devices.