Dallas, Texas 03/11/2014 (FINANCIALSTRENDS) – Intel Corporation(NASDAQ:INTC) it appears, is on the plateau of evolving into the next generation technology company. Recently, it was the announcement of the acquisition of a wearable-internet major- Basis Science. The entire cost of the acquisition is valued between $100 million to $150 million. As most of the leading technology leader companies from Apple Inc to Samsung move to wearable technology platform, Intel too announced its arrival in this nascent sector. Google Inc, with it’s varied products, including the Google Glass has already set the industry standards. Therefore, Intel and the likes of semiconductor companies now need to find their groove in where the internet is going to go from its current form.
Intel Corporation(NASDAQ:INTC) continues to remain a step ahead of the technology curve game by looking seriously at acquiring a range of new products, which are cutting-edge and yet to break onto popular technology horizons.
Intel Corporation(NASDAQ:INTC) it appears is leaving no stone unturned or technology unturned to remain relevant to today’s technology matrix. In the past two decades, Intel has missed out on the massive consumer segment of mobile phones as well as tablets, due to lack of quick adaption of these platforms. This time around, it is looking to be the trendsetter, much in the same way as it makes headway on its chip-making business.
This time it has been looking at products, which are more aligned with Apple technology line-up like smart watches and biometrics.
On the topic of biometrics it cannot be denied that Apple Inc has already begun working forwards with the new fingertip recognition software which unlocks the latest range of iPhone 5S.The company has used Sapphire display screen, bringing in higher technology and hardware to mainstream consumption devices.
Will Intel provide the hardware and connectivity scope for such technologies which is both intriguing and challenging to the chip-maker who now wants a bite of the larger things of information technology.