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Intel reportedly eliminates wearables division

Vendor says it will continue to invest in its IoT business

Intel says IoT remains an important growth business.
Intel says IoT remains an important growth business.

Intel's Internet of Things (IoT) business has undergone massive changes over the past year - the chip maker revealed in a series of product updates in June that it is axing its Edison, Galileo and Joule IoT compute modules.

Meanwhile, according to a report last week, Intel also eliminated its wearables division in 2016, an anonymous source told CNBC.

Intel, however, said that it is continuing to invest in its IoT business, which in the company's first quarter of 2017 grew 11% over the year-earlier quarter.

"IoT remains an important growth business for Intel and we are committed to IoT market segments that access, analyse and share data. These include retail, industrial, automotive and video, which will drive billions of connected devices made smarter with Intel," an Intel spokesperson said.

Intel declined to comment on the reported elimination of its wearables business.

The Galileo board and Edison platform were unveiled in 2013 and 2014, respectively. Intel Joule, which includes a 570x and 550x compute module and a 570x and 550x developer kit, was unveiled at Intel Developer Forum in 2016.

According to Intel's June product update, the company told OEMs that they have until December 2017 to order its IoT modules, including Edison and Galileo.