Intel Capital creates $300mn Ultrabook Fund

KARACHI: The Intel Capital has created a $300 million Ultrabook Fund to help accelerate the `next revolution of personal computing'.

A statement here on Friday said that the Fund targeted at technologies that will help deliver new and enhanced user experiences, longer battery life and slim component and platform technologies.

It will help drive innovation in this new category of devices. Ultrabook systems will marry the performance and capabilities of today's laptops with tablet-like features and deliver a highly responsive and secure experience in a thin, light and elegant design at mainstream prices.

The Fund aims to invest in companies building hardware and software technologies focused on enhancing how people interact with Ultrabooks, achieving all-day usage through longer battery life, enabling innovative physical designs and improved storage capacity.

The overall goal of the fund, which will be invested over the next 3-4 years, is to create a cycle of innovation and system capabilities for this new and growing category of mobile devices.

It will focus on investing in companies building technologies that will help revolutionize the computing experience and morph today's mobile computers into the next `must have' device, said Naveed Siraj, Country Manager, Intel Pakistan.

There are three key phases in Intel's strategy to accelerate its vision for this new category. The company's efforts begin to unfold this year with Intel's latest 2nd Generation Intel Core processors. This family of products will enable thin, light and beautiful designs that are less than 21mm (0.8 inch) thick, and at mainstream prices. Systems based on these chips will be available for the 2011 winter holiday shopping season.

Copyright APP (Associated Press of Pakistan), 2010