Yogitech which was founded in Italy in 2000, works on functional safety for semiconductors used in internet of things. This might come across as a technical task but it is the core part of the IoT as it ensures that connected devices are secure and functioning correctly.
ADAS at a spree in the IoT market
Intel estimates 30% of the IoT market will require functional safety by 2020 including Advanced Driver Assistance Systems (ADAS) robotics and autonomous machines. ADAS is among the fastest-growing segments in automotive electronics.
ADAS allows for features such as assisted parking and is the catalyst for autonomous vehicles. Functional safety is becoming important for a wide range of IoT market opportunities, as IT systems increasingly merge with operational systems in vehicles, factories and buildings.
“For years, Intel has been providing high-performance IoT systems that allow people and businesses to make better-informed decisions. The industry is now moving from automating data to inform better decisions, to automating actions informed by real-time data,” said Ken Caviasca, Vice president and General Manager of platform engineering and development of Intel’s IoT Group. “You can see this evolution in the autonomous vehicle prototypes that nearly all have Intel inside. Functional safety is a requirement for these and other IoT customers. We see the combination of high performance and functional safety as a natural evolution of Intel’s IoT platform and strategy,” he added.
Intel added that functional safety is part of its overall IoT platform and strategy. However, it didn’t share a roadmap for Yogitech.
“We’re excited to welcome the YOGITECH team to Intel. While we’re not ready to share product roadmap details yet, this team and technology will take our autonomous systems efforts to the next level,” mentioned Ken Caviasca in his Intel blog.
Although Intel is hesitant upon revealing how Yogitech will fit into the corporate mass, it must have grabbed the attention of other companies like Infineon, CEVA, Arteris, and STMicroelectronics that will be closely watching the upshot of the acquisition.
Despite confronting an executive level shakeup last year, the group generated a whopping $2.3 billion in 2015, which can be estimated as a 7 percent increase over 2014. Looks like Intel is all set to welcome some robust systems in the pool of automotive electronics!
