What is the Internet of Things and how does ARM fit in?

Britain’s best unknown technology company ARM Holdings has been bought by Japan’s SoftBank. But what exactly is the Internet of Things?Britain’s best unknown tech business ARM Holdings is being bought by Japan’s SoftBank on the back of the promise of the Internet of Things (IoT). But what is IoT, and what has a chip designer like ARM got to do with it?
https://www.theguardian.com/technology/2016/jul/18/what-is-the-internet-of-things-arm-holdings-softbank

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