Intel sets up global video unit in China as it eyes huge volume of data and country’s IoT drive

Intel Corporation has established a video business unit with China as its global headquarters, as the US tech giant eyes the country’s broad deployment of cameras and booming volume for video data.The IoT video business unit, established this year in Shanghai, is the first time Intel has headquartered a business division in the country, Chen Wei, vice-president of Intel’s Internet-of-Things (IoT) Group and head of the group’s China operations, said at the Intel IoT Executive & Solution Summit…