Intel Capital is launching a $100m investment fund that will finance companies developing technology used in cars, such as in-car entertainment and navigation systems.
The move by the investment arm of Intel is an attempt by the PC chipmaker to ensure that its technology is adopted by carmakers, as the market for traditional PCs gradually declines. Intel’s x86 chips have dominated the consumer industry but have failed to make substantial inroads into mobile phones and tablet computers. Intel is looking to ensure that it does not suffer a similar fate with cars.
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