Intel to launch $100M China fund for smart devices

The company is launching a $100 million fund to make sure its chips get into wearables, Internet devices, phones, and hybrids.

Intel Quark chip for wearables. Intel is announcing new products based on Quark and other chips.

Intel has launched a $100 million fund in China to accelerate innovation of smart devices, as it seeks to spur development of newfangled products using its chips.
Speaking at the Intel Developer Forum in Shenzhen on Wednesday, CEO Brian Krzanich announced the establishment of an Intel Smart Device Innovation Center there and a $100 million Intel Capital China Smart Device Innovation Fund.

The goal is to team up with local companies to foster innovation, with the emphasis, of course, on Intel silicon technology.
The fund hopes to get Chinese companies to develop Intel-based 2-in-1 hybrids (tablet-laptop), tablets, smartphones, wearables, and the Internet of Things.
In conjunction with this, the center "will expand Intel's work beyond tablets and provide local manufacturers and software developers with access to...master reference designs for turnkey solutions, development tools, supply chain sourcing, quality management and customer support -- acting as a bridge between product conception and commercial deployment," Intel said in a statement.