Intel Announces New Shenzhen Tech Center with $100M Fund
Posted: 04/4/2014 1:20 pmIntel has further deepened its 29 year relationship with China by announcing the establishment of a Shenzhen-based development center for smart devices along with a $100 million fund to promote and support development of Intel-based technology in China, the Register reported.
The proposed Intel Smart Device Innovation Center will provide local original equipment manufacturers, original design manufacturers and software developers with access to Intel technology platforms and help support local tech firms in bringing products from conception to commercial actualization.
The announcement was symbolically made on April 3 at the Intel Developer Forum being held in Shenzhen.
CEO Brian Krzanich looking to increase tablet chip shipments from 10 million to 40 million a year. Krzanich said, ”We have missed the tablet, but we will grab future trends, including wearable devices and the Internet of Things.”
In addition to this announcement, Intel has further deepened its interests in China by courting relationship with successful “white box” vendors like Onda, Emdoor and Vido, reports PC World.
Stephanie Hallford, a director for Intel’s mobile business in China, stated that Intel has developed partnerships with about 13 Shenzhen-based original design manufacturers who use Intel chips to make products of 30 separate models. Hallford further elaborated that by the year’s end, Intel hopes to have partnerships with over 20 manufacturers that will produce a total of over 80 models.
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