Chipmakers are eager to stake a claim in the new market that promises to make dumb things smart by connecting to the Internet.
Intel doesn't want to repeat the billion-dollar mistakes it made in the mobile market.
Qualcomm expects to close the deal by the summer of 2015, giving it a boost in automotive and connected devices.
Dutch chipmaker NXP will provide the chips required to support the short-range wireless tech known near-field communications, according to the Financial Times.
TSMC may still have to compete with Samsung for processor orders from Apple, according to a report.
Micron Technology is a very big chipmaker that's closer to Apple than it ever has been.
Apple may be looking to acquire a unit of Renesas Electronics that makes LCD chips for mobile devices, according to a Nikkei report. The deal could be worth close to half a billion dollars.
The world's biggest chipmaker ended 2014 on solid footing thanks in part to its reinvigorated PC business. However, Intel's mobile division remains a huge drag.
The semiconductor giant has expanded beyond its core business many times only to pull back before those areas got popular. CNET looks at a few.
Brian Krzanich says the company will do things it's never done before -- like getting chips from outside the company and putting more emphasis on 3G and LTE processors.