Intel Creates $200 Million Fund for Digital Home Innovation
Jan 9, 2004
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Intel Corporation has announced plans to invest U.S. $200 million in companies developing innovative hardware and software technologies for the digital home.
The new fund, which will be managed by Intel Capital, will invest in companies developing hardware and software, as well as connectivity and supporting technologies. Through this and other work, Intel says its am is to lead efforts that drive the convergence of personal computer and consumer electronics devices on a seamless, wireless home network.
"As more entertainment and educational content becomes digital, people want to edit, manage and access that content and share it among multiple devices including TVs, stereos, PCs, and handhelds," said John Miner, Intel vice president and Intel Capital President. "The Digital Home Fund is designed to complement Intel products and accelerate development of key technologies and content which enhance and simplify the digital home experience."
Prior to the fund's formation, Intel has invested in companies active in digital home projects. Examples include:
BridgeCo, which designs low-cost chips for digital media adapters that link home devices;
Entropic, which designs chips for home networking over coaxial cabling; and
Musicmatch, which sells software for recording, organizing and playing music.
Intel says it also plans to continue providing a broad range of building blocks for digital home solutions, including chips, reference designs, and software for media center PCs, advanced set-top boxes, digital media adapters, portable media players, and hand-held devices.
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