Intel Pours $300 Million into 'Ultrabook' Laptop Development

The chipmaker wants to spur the creation of devices that combine the characteristics of tablets and laptops.

TMCnet: Intel has announced that it will invest up to $300 million in the development of a new device it calls an "ultrabook." It will give the money to companies developing technology that could be used to create a tablet/laptop hybrid--technologies like sensors, touch displays, gesture software, improved storage capacity and longer battery life. The company describes an ultrabook as a device that is less than 0.8 inch thick, provides days of battery life on standby, can switch between touchscreen and standard cursor input and costs less than $1,000.

While Intel chips dominate the desktop and laptop market, most tablets currently available do not use Intel processors.

Tags: Intel, ultrabook

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