It seems like every major tech company is making a play for the Internet of Things, and Intel plans to keep a solid footing as that industry takes off. The chip-maker is already racing to own the connected home, and now it may have found the final piece of its own puzzle.
Intel announced plans to acquire Lantiq, a German broadband and networking gear company on Monday. The deal should be closed within three months. It’s worth $400 million, according to The Wall Street Journal.
The smaller company will be swallowed up by Intel’s Client Computing Group, which has led the firm’s charge into the Internet of Things.
“By 2018, we expect more than 800 million broadband connected households worldwide,” said Client Computing Group senior vice president Kirk Skaugen. “The combination of our cable gateway business with Lantiq’s technology and talent can allow global service providers to introduce new home computing experiences and enable consumers to take advantage of a more smart and connected home.”
Intel may be well positioned to supply the chips for our future connected home, but it needs to convince other companies to use its technology first. With everyone from Qualcomm to Samsung looking to control the Internet of Things, the competition is…