Image via Basis

Intel hopes to make up for its late entry into mobile by gaining an early start on what it perceives as the next big wave in consumer technology: wearable gadgets. With PC sales continuing to decline at a steady pace and ARM showing no signs of loosening its grip on the smartphone and tablet universe, the chip maker has little choice but to try and secure solid footing in the broader Internet of Things.

To that end, Intel last year established the New Devices Group, a division that focuses exclusively on wearable tech, embedded sensors and other emerging product categories. The unit has mostly stuck to designing processors so far, but that is set to change after this week’s acquisition of Basis Science, the San Francisco-based startup behind the popular Basis health tracker. SiliconANGLE’s Mellisa Tolentino described the product as a “stylish smartwatch that learns more about you using sensors and motion trackers”. It monitors heart rate, motion and other metrics to provide insight into the fitness level of the wearer and how they can improve their daily routines.

Terms of the deal were not disclosed, however, TechCrunch last month cited an anonymous report that Intel shelled out around $100 million for Basis. A second tipster pegged the transaction at roughly $150 million.

“The acquisition of BASIS Science provides immediate entry into the market with a leader in health tracking for wearable devices,” said Mike Bell, the former Apple executive who now heads the New Devices Group. “As we accelerate our position in wearables, we will build upon this foundation to deliver products that bring people greater utility and value. I’m confident that our collective resources and expertise positions us well for the future.”

The original development team will remain intact under the new management and divide their attention between Basis and “future wearable initiatives”, according to a release. By the sound of it, the first Intel-branded wearable device may very well be on its way.