Intel to Buy Lantiq in a Push to Make More Home Devices Connected
In its push to connect as many gadgets to the Internet as possible, Intel has agreed to buy Lantiq, a German company that makes broadband access and home networking tech.
With the acquisition of the Munich-based maker of networking chips, Intel wants to extend its home gateway business, it said Monday. The acquisition aims to broaden Intel’s offering to gateway markets including DSL, fiber and LTE.
Intel is betting big on the so-called Internet of Things (IoT), a push from tech companies to connect as many devices to the Internet as possible. IoT is proving to be a fiercely competitive field, especially for chip companies such as Intel, which are hoping billions of connected devices will need their chips in the coming years.