Intel Security, previously and better known as McAfee, has been sold to private equity firm TPG for $4.2bn, despite Intel paying $7.7bn for it in 2010.

The chip firm will receive $3.1bn in cash as part of the transaction and retain a 49 per cent minority stake. TPG will take control with a 51 per cent stake, and will invest $1.1bn in the company.

Intel Security is based on the McAfee business and was renamed two years ago. The company will revert to the better known McAfee brand, despite John McAfee reportedly suing Intel over the use of his name.

The transaction is expected to close in the second quarter of 2017, and Chris Young, general manager of Intel Security Group, will become CEO of McAfee.

Young described TPG in an open letter to stakeholders as a “seasoned technology investor” that was “attracted to our current momentum and long-term potential”.

He claimed that McAfee currently protects “more than a quarter of a billion endpoints” and more than 200 million consumers, and is present in two thirds of the world’s 2,000 largest companies.

Intel CEO Brian Krzanich claimed that, despite the sale, security “remains important in everything we do at Intel”.

“We will continue to integrate industry-leading security and privacy capabilities in our products from the cloud to billions of smart, connected computing devices,” he added.

Bryan Taylor, a partner at TPG, said that the company had “long identified the cyber security sector, which has experienced strong growth due to the increasing volume and severity of cyber attacks, as one of the most important areas in technology”.

Intel’s acquisition of McAfee Security in 2010 was intended to enable the company to beef up security around PCs and sell McAfee antivirus and other security software around its core business.

However, the combination never worked as the money to be made in the security business became increasingly focused on the data center and cloud computing.

Courtesy-TheInq

Five years ago Intel bought McAfee for $7.7bn acquisition. Two years ago it re-branded it as Intel Security. There was talk about chip based security and how important this would be as the world moved to the Internet of Things.

Now the company has discussed the future of Intel Security with bankers, including potentially the outfit. The semiconductor company has been shifting its focus to higher-growth areas, such as chips for data center machines and Internet-connected devices, as the personal-computer market has declined.

The security sector has seen a lot of interest from private equity buyers. Symantec said earlier this month it was acquiring Web security provider Blue Coat for $4.65 billion in cash, in a deal that will see Silver Lake, an investor in Symantec, enhancing its investment in the merged company, and Bain Capital, majority shareholder in Blue Coat, reinvesting $750 million in the business through convertible notes.

However Intel’s move into the Internet of Things does make it difficult for it to exit the security business completely. In fact some analysts think it will only sell of part of the business and keep some key bits for itself.

Courtesy-Fud

In an address on day two of Microsoft’s Future Decoded event in London, Kevin Ashton showed examples of supposed IoT devices such as the wine bottle that tells you if you’re drunk and the toothbrush that tells you if you’ve brushed your teeth.

Describing Kickstarter as “where bad ideas go to get funded”, he talked about the true nature of IoT and its roots in machine-to-machine communication that’s neither accessed nor processed by humans.

“This information isn’t going on a spreadsheet or a pivot table,” he explained. “It’s a sensor on a device in the world sending data to another device which makes a decision which feeds out into the world.”

In short: “We don’t collect data. Machines collect data from sensors and we turn the world into data.”

The perfect example of this is the mobile phone. “We call a phone a phone for legacy reasons,” he said. “A phone is just an app on your device. You probably use Candy Crush or Angry Birds more than you use it for actual calls. What a smartphone actually is, is a wireless sensor platform.”

He said that historically the UK has been at the forefront of internet developments, so it’s only right that the country takes a leading role in the evolution of the IoT.

Citing self-driving cars as a good example of the IoT at work, he predicted that by 2030 such vehicles will be the norm, and that the question should not be “Are self-driving cars safe?” but “Are human-driven cars safe?”, pointing out that 3,000 people are killed on the roads every day by human-driven cars, and so far at least, there have been no serious accidents involving autonomous vehicles.

Courtesy-http://www.thegurureview.net/computing-category/are-some-iot-gadgets-pointless.html

These are devices like smart thermostats that allow users to remotely control household temperatures or LED lights that can be switched on and off from a smartphone. Basically it is the same thing as the IoT concept in the residential setting.

Navigant Research, global revenue from shipments of residential IoT devices is expected to total more than US$330 billion from 2015-2025. That is a lot of talking fridges and Internet connected underware.

Neil Strother, principal research analyst with Navigant Research said that the IoT is like putting together a jigsaw puzzle without any edge pieces, with the number of pieces growing exponentially into the billions.

“Communicating devices in the IoT traverse a wide range of industries and sectors-virtually all areas of life can expect to see some form of this connected world.”

Despite the many drivers for the residential IoT market, there are at present multiple protocols and standards that are creating an interoperability barrier, he said.
Wi-Fi, ZigBee, Bluetooth, and others are all vying for market viability, which is creating confusion for consumers and stalling overall adoption, he said.

Courtesy-Fud

ABI has added up the numbers and divided by its shoe size and multiplied by the age of its youngest child and worked out that China’s IoT market will grow more than five times in the next five years, exceeding $41 billion by 2020.

Dan Shey, VP and IoT practice director at ABI Research said that driving China’s IoT numbers is the smart meter segment.

“It leads all other segments in both connections and revenues. In fact, by 2020, smart meter connections will exceed the next highest market segment in total connections by nearly 10 to 1.”

Other major segments driving the China IoT market are home security and automation, OEM telematics, video surveillance, home appliances, aftermarket telematics and home monitoring.
Home monitoring is expected to become an important market in China as it attempts to care for its aging population, which will reach nearly 340 million people in 2020 for citizens age 55 and older.

“Data analytics revenues will generate the most IoT revenues in China. This statistic is reflective of the sheer volume of smart meter connections,” Shey said.

This is indicative of the relative lack of revenues in both platform and professional services in the China market.

“Platform revenues are not as high due to, for example, a higher share of proprietary embedded telematics deployments, especially by domestic OEM brands. Professional services revenues are similarly not as high, not only due to fewer connections in the telematics segments, with a higher proportion of tethered solutions, but also because IT and consultancy services are not as mature a market segment as in some of the more developed world markets such as Japan, South Korea and the US,” he wrote.

Source-http://www.thegurureview.net/computing-category/is-china-the-fastest-growing-market-for-iot.html

IBM scientists demonstrated a new way to shrink transistor contacts in chips, thus speeding up the replacing of silicon transistors with carbon nanotubes which the firm has been working on for several years.

The company said that the breakthrough brings it closer to creating fully scaled carbon nanotube technology that will power future computing technologies while increasing performance and “opening a pathway to dramatically faster, smaller and more powerful chips”.

Carbon nanotube chips have many benefits over traditional silicon. Transistors in silicon are approaching a point of physical limitation. They have been made smaller year after year, but shrinking the size of the transistor, including the channels and contacts, without compromising performance is becoming increasingly difficult.

Carbon nanotube chips could improve the capabilities of high-performance computers because they allow these contacts to be so small that they are virtually transparent.

This means that the size of the semiconductor can decrease dramatically, while the substrate of carbon nanotubes makes the chip more energy efficient and is a soft and flexible material that could allow new device form factors.

Shu-jen Han, IBM’s manager of nanoscale science and technology, told us in an interview that wearable technology is one of the most exciting areas that this technology could transform owing to the unique property of the substrate, allowing new form factors with better performance and battery life.

However, the breakthrough isn’t about the carbon nanotube material being a better replacement for silicon, but more of an engineering innovation that addresses part of the problem in successfully rolling out better performing and more efficient chips.

“We know what the issue has been, and the limits of the technology, for years. What we solved here is a device-level issue, a one-dimensional structure. We need to make a wafer of them, a high-quality wafer, which does not exist yet,” Shu-jen said.

The next stage for IBM’s research group is to scale up the carbon nanotube technology to make reliable mass produced chips before they can make a difference to businesses and consumers.

Shu-jen said this could take five to 10 years, but could enable big data to be analysed faster and allow cloud data centres to deliver services more efficiently and economically.

Source-http://www.thegurureview.net/computing-category/ibm-makes-carbon-nanotube-breakthrough.html

For those who came in late, IBM has an IoT Foundation cloud platform. Under the deal it will be linked to ARM’s mbed-enabled devices to deliver analytics services.

It is a little odd given that both of them make and design chipsets, but they think that the fusion will enable far more data produced by autonomous IoT devices to be gathered, analysed and acted on.

Products powered by ARM’s mbed chips will automatically register with the IoT Foundation on the SoftLayer infrastructure is built and connect with IBM’s cloud analytics services.

IoT Foundation already includes analytics tools designed to cope with the big data explosion, access to IBM’s Bluemix platform as a service, and security systems.

ARM said that connecting the two would enable delivery of actionable events to control equipment, or alerts and information to users, such as alarm messages on domestic appliances.

Source-http://www.thegurureview.net/computing-category/ibm-and-arm-are-teaming-up-for-iot.html