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South Korean electronics giant Samsung has just announced that it has acquired startup SmartThings, with the deal believing to have cost them around US$200 million.
Tech News Intel to Focus on the Internet of Things
With up to 50 billion Internet of Things devices installed in the world by 2020, Intel is working aggressively to bring its familiar x86 architecture into the IoT and wearables world. Today at IDF 2014 in Shenzhen, China, Intel CEO unveiled new products and solutions to drive the growth of IoT.
Intel has announced the extension of Intel Edison to a family of development boards. The key development is the use of a 22nm Intel Silvermont dual-core Atom SoC to replace the Quark SoC. Initially, Intel said the Edison development board was supposed to be based on the latter.
According to TechCrunch, Intel has bought Basis for US$100 million. The alleged target of acquisition is a San Francisco-based startup that makes wearable health trackers.