Breaking News
FONT-SIZE Plus   Neg
Share SHARE

Intel Announces $100 Mln Fund In China To Accelerate Smart Device

RELATED NEWS
Trade INTC now with 

Intel Corp. (INTC: Quote) announced the establishment of an Intel Smart Device Innovation Center in Shenzhen and a $100 million Intel Capital China Smart Device Innovation Fund. The chief executive Officer of Intel, Brian Krzanich, outlined new computing opportunities, investments and collaborations with burgeoning china technology ecosystem.

The CEO also detailed several new products and technologies the company will begin offering this year, including Intel Edison, a product-ready, general-purpose computing platform first imagined in the company's research labs in China.

He also announced availability of the Intel Gateway Solutions for the Internet of Things or IoT based on Intel Quark and Atom processors, and demonstrated for the first time SoFIA, Intel's first integrated mobile SoC platform for entry and value smartphones and tablets.

He said that the company will establish the Intel Smart Device Innovation Center in Shenzhen to accelerate the delivery of Intel technology-based devices to the China market and beyond.

The center will expand Intel's work beyond tablets and provide local OEMs, ODMs, and software developers with access to Intel technology platforms and enabling support, including master reference designs for turnkey solutions, development tools, supply chain sourcing, quality management and customer support - acting as a bridge between product conception and commercial deployment.

Krzanich announced the $100 million Intel Capital China Smart Device Innovation Fund focused on accelerating innovation of smart devices, including 2 in 1s, tablets, smartphones, wearables, IoT and other related technologies in China. The new investment reinforces Intel Capital's commitment to the China IT industry and ecosystem development.

Since 1998, Intel Capital has invested more than $670 million in 110 companies in China across two already-established investment funds.

Intel is also developing its SoFIA family of integrated mobile SoCs for entry and value smartphones and tablets.

The CEO also said that Intel is on track to ship 40 million tablets this year, and showcased a variety of innovative designs developed in China by OEMs and ODMs.

Intel also disclosed that the next-generation Intel Xeon processor E5-2600 v3 product family based on the Haswell microarchitecture will be in production in the second half of this year.

Register
To receive FREE breaking news email alerts for Intel Corporation and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Yukiya Amano, Director General of the International Atomic Energy Agency (IAEA), said Monday that nuclear programs of the Democratic People's Republic of Korea (DPRK) and Iran remain matters of serious concern. The head of the United Nations nuclear watchdog made the remarks at the opening of the... Stocks largely turned in a lackluster performance during trading on Monday, as traders looked ahead to the Federal Reserve's monetary policy announcement later this week. Technology stocks saw significant weakness, however, resulting in a sharp drop by the tech-heavy Nasdaq. While most Americans support President Barack Obama's decision to take action against the terrorist group ISIS, the results of a new NBC News/Wall Street Journal/Annenberg poll found that the vast majority lack confidence that the U.S. will achieve its goals.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.