Intel reels in ARM exec to lead connected device initiative

|About: Intel Corporation (INTC)|By:, SA News Editor

Intel (NASDAQ:INTC) recruits an executive from rival ARM Holdings (NASDAQ:ARMH) to become senior VP in charge of a group focusing on the Internet of Things, effective in January.

The IoT group is one of three focus areas for INTC, which is transitioning from a PC-focused business to one that powers ubiquitous computing as more and more devices become intelligent and connected.

INTC also says it is forming an automated driving unit that will develop chips and other technology related to self-driving cars and driver-assistance systems, to be led by Douglas Davis, a senior VP who has been running the IoT group and had previously announced plans to retire.