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August 11, 2011 06:30 am GMT

Intel Capital Launches $300M Ultrabook Fund To Invest In Tablet Technologies

intelIntel Capital, the investment arm of chip giant Intel Corporation, has announced a $300 Million Ultrabook Fund to fund technologies that will help deliver new and enhanced user experiences, longer battery life and slim component and platform technologies in personal computing. Earlier this year, Intel pitched a new category of laptops, Ultrabooks, which are supposed have three distinct features: they are thinner (less than 20mm/0.8 inches), lighter than most existing laptops, and priced below $1,000 in order to become mainstream. Basically Intel says these devices will marry the performance and capabilities of today's laptops with tablet-like features.

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