About ten years ago, Intel began to tap into emerging markets like wearables, AR/VR applications, smartphones/tablets, and smart cameras for robotics in a bid to fuel its further growth. Few of the company's newly established businesses were a success, so in the recent year Intel pulled the plug on its smartphone, wearables, AR/VR, and some other efforts. This week the time came for its RealSense camera and computer vision business.
In a bid to concentrate on its core businesses, such as developing and selling CPUs and SoCs for servers and client PCs as well as other applications, Intel decided to shut down its RealSense smart camera and computer vision business, the company confirmed to CRN. People, technologies, and IP developed by the company for RealSense products will be transitioned to better serve the company's new core businesses.
"We are winding down our RealSense business and transitioning our computer vision talent, technology and products to focus on advancing innovative technologies that better support our core businesses and IDM 2.0 strategy," an Intel statement published by CRN reads. "We will continue to meet our commitments to our current customers and are working with our employees and customers to ensure a smooth transition."