(Bloomberg) -- Makers of semiconductors spend upward of $5 billion to build and operate fabrication plants—known as “fabs”—that run 24 hours a day so they can recoup their investment before the equipment becomes obsolete in five years or so. Rows of pristine machines sit in windowless cleanrooms, which are almost as free of humans as they are of dust. Intel and Texas Instruments have spent decades perfecting this almost sci-fi form of manufacturing. Now they want to show the rest of the world how it’s done.
The chipmakers have set their sights on what researcher IHS estimates is a $185 billion global market for gear to automate industrial production. To capture a portion of that spending, they’re prodding companies to bring the Internet of Things—a term that describes a world in which physical objects are embedded with electronics and talk to each other—into factories. “It’s moving beyond hype and into engineers rolling up their sleeves,” says Doug Davis, senior vice president of the IoT division at Intel, which had more than $2 billion in sales last year. “The economic value and impact are unquestioned.”
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