With the big Consumer Electronics Show (CES) starting this week, Intel is showing its continued interest in the growing category of smart glasses.
Smart eyewear-maker Vuzix announced Friday that the chip giant has invested $24.8 million into its company. The investment acquired preferred stock that is convertible into common stock worth about 30 percent of the Rochester, New York-based firm.
Earlier this week, Intel launched a new platform and related software and services to help developers accelerate innovation in the Internet-of-Things (IoT) space. The Intel IoT Platform includes an updated version of the Intel IoT gateway, edge management middleware from Wind River, enhanced McAfee security, and API and traffic management tools. It aims to address IoT devices from industrial machinery to smart headphones to medical equipment, including wearables. The new platform provides a reference model, making it easier for customers to implement their own solutions and deliver innovations to market faster.
Intel Capital, the venture arm of the world’s biggest chipmaker, is unveiling it has invested $62 million in 16 tech startups today. The investments show that Intel is still bullish about funding new tech companies that could one day spur lots of purchases of its microprocessors and other gear.
Intel has long seen itself as having a role in accelerating the adoption of new technology, all made possible by the electronics revolution that rests on its chips. The company said it expects to invest $355 million this year, compared to $333 million last year.
Laptops with 3-D sensors in place of conventional webcams will go on sale before the end of this year, according to chip maker Intel, which is providing the sensing technology to manufacturers. And tablets with 3-D sensors will hit the market in 2015, the company said at its annual developers’ conference in San Francisco on Wednesday.
Intel is revealing what it calls the world’s smallest standalone wireless modem for connecting the internet of things, or everyday things that are connected to the web like coffee machines that you can turn on with a mobile app.
Chip giant Intel has found a way to demonstrate the value of big data analytics in the big health care industry. It’s partnering with Michael J. Fox Foundation for Parkinson’s Research and working on a study that will pull patterns from data coming from patients’ wearable devices.
Six hundred and fifty million dollars — all in cash.
That’s the amount Intel has agreed to pony up for Avago Technologies LSI’s Axxia Networking Business. Intel is paying cash for the assets.
The two are still cementing the deal, but it has been approved by the boards of both companies. Pending government regulatory approval, the two sides hope to have the deal in the can by the end of the fourth quarter.
Avago, which produces semiconductors, acquired LSI late last year for $6.6 billion in cash. This deal means Avago is divesting itself of LSI’s Networking Business, which generated over $110 million last year. LSI’s Networking Business employs more than 600.
US chipmaker Intel yesterday (11 June) lost its challenge against a record €1.06 billion fine handed down by European Union antitrust regulators five years ago, for blocking rival Advanced Micro Devices (AMD).
The European Commission in its 2009 decision (here) said Intel tried to thwart AMD by giving rebates to PC makers Dell, Hewlett-Packard Co, NEC and Lenovo for buying most of their computer chips from Intel. The EU competition authority said Intel also paid German chain Media Saturn Holding to stock only computers with its chips.
Judges at the Luxembourg-based General Court backed the Commission's decision.
Intel threw its research might behind the idea of autonomous cars, or automobiles that are safer and more efficient because they can take over the task of driving from humans.
Intel, the world’s biggest chip maker, will provide an “application ready platform” with its own processors and operating system for self-driving cars. The initiative is part of Intel’s larger campaign to provide the intelligence and connectivity for the internet of things, or smarter everyday devices. The effort will include Intel’s own research as well as investments in other companies from a $100 million car technology fund.
Intel announced its 15-core server chip family today to help big companies deal with big data requirements such as delivering real-time analytics to big tech customers. These kinds of machines will keep the business world running, from reducing cyberfraud in real time to running stock exchanges without a glitch.
