Basis

Intel this week confirmed that it had decided to close down its New Devices Group, which developed various wearable electronics, such as smartwatches, health/fitness monitors, smart/AR glasses and so on. The group was created five years ago by then-incoming CEO Bryan Krzanich, who wanted to ensure that Intel’s chips would be inside millions of emerging devices. While wearables have become relatively popular, their propagation is far below that of smartphones. Meanwhile, wearables made by Intel have never been among the market's bestsellers. Thus, the chip giant is pulling the plug. Over the five-year history of NDG, Intel made two significant acquisitions to bring necessary expertise to the group: the company took over Basis (a maker of fitness watches) in 2014 and Recon (a maker of...