MADISON, Wis. — Fresh blood and a little reorganizations might be the key for Intel Corp. to succeed in two hot new markets – IoT and automotive – that will be crucial for its hopes to reduce its reliance on PCs as the company's main growth generator.
Intel announced Tuesday that it will separate its nascent automotive team from the company’s IoT group. Previously, Intel’s IoT and automotive teams were bundled together under one big IoT tent.
The move signals growing confidence by the processor giant that both teams can grow at full speed and assume accountability as independently managed business units.
Along with the organizational change, Intel named ex-ARM executive Tom Lantzsch to head the company’s IoT branch. Lantzsch joins Intel’s executive leadership team as a senior vice president and general manager of the IoT Group.
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