Intel Launching $100 Million Fund for Smart Devices
The fund, announced at IDF in China, was among several moves by Intel as it looks to expand in the mobile, wearable and IoT device markets.Intel is creating a $100 million fund and creating an innovation center in China to help fuel the development of smart systems like smartphones and wearable devices powered by its processors. Also at the Intel Developer Forum (IDF) in China April 2, Intel CEO Brian Krzanich also showed off a new device aimed at the Internet of things (IoT) and said that Edison—a small computer first introduced at the 2014 Consumer Electronics Show in January—will launch later this year and will give device makers a platform on which to build small, energy-efficient devices. The chip maker continues to look to expand the reach of its silicon beyond PCs and data center servers, and is moving aggressively not only into mobile devices like smartphones and tablets, but also into burgeoning areas like the IoT and wearable devices. At IDF, Krzanich said the company's work with Chinese tech vendors will be a key to Intel's future efforts.
"The China technology ecosystem will be instrumental in the transformation of computing," he said, according to Intel. "To help drive global innovation, Intel will stay focused on delivering leadership products and technologies that not only allow our partners to rapidly innovate, but also deliver on the promise that 'if it computes, it does it best with Intel'—from the edge device to the cloud, and everything in between."