Intel on Wednesday said it would invest US$300 million in companies that develop new technologies for Ultrabooks, a class of thin and light laptops promoted as an alternative to tablet PCs.
According to the press release sent today, Intel’s Ultrabook Fund will "invest in companies building hardware and software technologies focused on enhancing how people interact with Ultrabooks such as through sensors and touch, achieving all day usage through longer battery life, enabling innovative physical designs and improved storage capacity."
Intel has said Ultrabooks in the future will resemble Apple’s MacBook Air, with models less than 21 millimeters (0.8 inches) thick, and at mainstream prices. The company has showed Asus’ upcoming UX21 ultraslim laptop as an example.
Intel may look to price Ultrabook at around $800 or lower, according to the company.
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