Intel eliminates wearables division

Intel eliminates wearables division

Business news |
By Rich Pell

The division was focused on health wearables, including fitness trackers and the Basis smartwatch – the latter a technology the chipmaker acquired after purchasing smartwatch maker Basis in 2014 as part of a push into the wearables market. Last year, however, Intel recalled the smartwatch on reports of overheating issues, and in November it laid off about 80% of the smartwatch team.

Now business news network CNBC reports that the division – which was part of Intel’s larger New Technologies Group – has recently been completely eliminated. The New Technologies Group is apparently now looking to focus instead on more cutting-edge, advanced technologies like augmented reality (AR).

This would be just the latest sign of disruption in the wearables market, as market forecasts show the market doubling by 2021. Recently, fitness tracker maker Jawbone closed its doors, and even major player Fitbit is struggling as competition has heated up with entries from tech giants like Apple and Xiaomi.

Wearable Technology by Intel

Related articles:
Fitness tracker maker Jawbone shutting down
Wearable tech: Are we nearly there yet?
‘Smart buckle’ converts any watch into a fitness tracker
Wearable medical devices: Blurring the lines

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