Posted by MSNBC on Sunday, December 13, 2019 11:08:02Intel has announced a $1.6 billion investment in a new microprocessor business, which will focus on microprocessor chips for mobile devices and server chips for the Internet of Things (IoT).
The company says it plans to launch its new microprocessers at the end of the decade, with a focus on products for embedded applications.
The first product Intel will launch is a new processor for microprocessor chips for smartphones and tablets, the company said.
It will also launch chips for servers.
Intel is looking to bring new products to market in the first half of the next decade.
The chip maker announced in December that it would invest in its next generation processor for smartphones, but did not reveal a specific date.
Intel’s focus on mobile microprocessions is a change from the company’s previous focus on smartphones.
It began to focus on the enterprise market, where the company is expected to launch chips in the second half of this decade.
The company also announced that it will spend $5 billion to develop chips for smart home devices, which the company will also build for the IoT market.
Intel said it expects the next-generation chips for IoT to be a key component of its future strategy.