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Business Watch

Chip Maker Recruits For Internet of Things

Intel Corp. reached outside its ranks for a key position, recruiting an executive from rival ARM Holdings PLC as it steps up plans to sell chips for devices other than computers.

The company on Tuesday said Thomas Lantzsch would become in January senior vice president in charge of a group focusing on the Internet of Things, or IoT, a phrase used to describe a wide range of devices enhanced with computing capabilities. He had served as executive vice president for strategy at ARM.

Intel is forming a unit called the automated driving group to develop technology related to self-driving cars. Douglas Davis, a senior vice president who has...