Brimming with excitement, and with Europe already ahead of the pack, a maturing semiconductor industry looks expectantly to the Internet of Things for yet another facelift, while also recognizing that the IoT security wrinkle may itself provide an opportunity via hardware-based security as the backbone of the connected world. But this will require semiconductor companies to move into software to address data, cloud, and usability management issues, so concluded a panel of four presidents and CEOs plucked from the upper echelons of the industry.