After missing out on the mobile innovations’ early wave, Intel is presently striving to be a groundbreaker in smart wearables. The giant chipmaker is gradually making investments in the wearables’ sector. The company recently put $24.8 million into Vuzix which got it 30% of Vuzix’s exceptional stock shares. Vuzix is a multinational tech company which produces mainly smart glasses but it is also a software and display developer. With Intel by its side Vuzix’s is likely to produces wearables for sectors like fashion or workplace.
As indicated by a Vuzix press discharge, the recent investment will go into general working cash flow to quicken the launch of Vuzix cutting edge fashion wearable items for consumer market. The investment is another step forward the chipmaker makes into the still low-competition wearables industry.
Last November it was revealed that Intel chips might be added to the next generation of Google Glass pushing out Texas Instruments, who provided the chips for the original Google Glass edition. However, the two tech giants did not officially confirmed the information and many are curious to see exactly what type of processors will be used with the next Google Glass.
Nevertheless, Intel has recently designed various types of small components including a Quark processor, the Edison framework on-a-chip circuit board and a SoFIA chip mixing a 3g modem with a CPU.
More interestingly, Intel has also entered a partnership with Opening Ceremony, a fashion brand. The two companies designed a wearable which they released in November 2014. The device, called Mica, is partially a trendy armlet and partially a smart gadget. Mica features a screen that is placed over the wrist with smartwatch functions such as notices, occasion updates, Google Calendar and so on. An incorporated GPS aids in adjusting notifications based on the user’s location and helps with Yelp searches. The device is also equipped with an autonomous cell radio, serviced by AT&T so users don’t need their smartphones to use the bracelet.
Intel’s interest in the wearable market prompted the company to also team up with Italian eyewear producer Luxottica Group. Last December the chipmaker announced the two companies will work on creating up-to-date, smart glasses to target premium, sports and luxury consumers.
It remains to be seen what Intel’s venture will imply for the fate of Vuzix’s savvy glasses. Intel appears to be very interested in the wearables industry and is clearly more focused on gadgets that are more fashionable and with practical ends.
Image Source: Mashable
Latest posts by Anne-Marie Jackson (see all)
- SF Hospital Slaps New Parents with $19K Bill for Baby Treatment - Mar 10, 2019
- Furious Trump Blasts Harley-Davidson for Moving Production Overseas - Mar 10, 2019
- Warning! MRI Machines Could Poison You - Mar 10, 2019