After unveiling its button-sized wearable hardware module ‘Curie’ last year, Intel has announced that it will start shipping the $10 chip within the first quarter of this year.

According to Intel, Curie is a low-power solution designed for use in wearable devices and can be used for media, sports, and fitness activities related applications.

The module features 32-bit Intel Quark SE SoC, and runs for extended periods on a coin-sized battery.

It also features Bluetooth Low Energy and a 6-axis combo sensor including accelerometers and gyroscopes, and is accompanied by software platform, Intel IQ Software kits.

At CES in Las Vegas, Intel CEO Brian Krzanich also announced a series of collaborations with leading industry brands including ESPN and Red Bull Media House to integrate the chip to track athletes’ performance.

The company has also teamed up with Grammy winner Lady Gaga for a project that will showcase technology through creativity at the highest level during the Grammy Awards in February 2016, said Krzanich.

Krzanich added: "There is a rapidly growing role for technology that is at once transformative, unprecedented and accessible,

"With people choosing experiences over products more than ever before, Intel technology is a catalyst to making amazing new experiences possible, and ultimately improving the world in which we live."

Intel has been trying to move away from the traditional PC market for quite some time now, and in an attempt to do so the company recently announced the acquisition of German drone maker Ascending Technologies.