Intel steps up wearable-tech investment with acquisition of Basis Science
Intel has made further investment into the wearable technology sector after it announced the acquisition of Basis Science, maker of wristband health trackers, into its Devices Group.
The US chipmaker said the move would “accelerate Intel's wearable products focus” and extend the company's capabilities in the area.
The financial terms of the deal were not disclosed.
"The acquisition of Basis Science provides immediate entry into the market with a leader in health tracking for wearable devices," said Mike Bell, Intel vice president and general manager of the company's New Devices Group.
"As we accelerate our position in wearables, we will build upon this foundation to deliver products that bring people greater utility and value. I'm confident that our collective resources and expertise positions us well for the future."
Earlier this year Intel unveiled the ‘Make it Wearable’ challenge, a global competition to connect innovative ideas with manufacturers to create real products.
The chip company is also set to release a range of ‘beautiful wearables’ in conjunction with New York department store Barney’s as it looks to create more adoptable products.