This is considering IoT from a semiconductor company's perspective; There will not be much revenue from the chips for this market. How much can they make per s

This is considering IoT from a semiconductor company's perspective; There will not be much revenue from the chips for this market. How much can they make per smart light bulb? You also have to note that Intel doesn't have semiconductor IP for nearly any radio protocol (BT, BTLE, Zigbee, they have wifi but not low end) necessary to build SoCs to win those markets. IoT will be a big market, but the profits won't be going primarily to the semiconductor companies via chip sales. We won't likely see an "Intel Cloud Platform" or Intel selling IoT deployment services. The FPGA tech is interesting, but mostly irrelevant to IoT. FPGAs can really benefit from Intels leading edge manufacturing, so that is a smart acquisition (even before considering IA integration possibilities). Intel does not have much of a presence in networking, and there are a lot of competitors there who are more invested, and further, design their own silicon (Cisco, Juniper, Huawei, brocade maybe). Maybe if they are able to productize the silicon (as opposed to more exotic materials) optical transceivers they have spent a ton researching they would have something huge here.