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Intel creates USD3m fund for ‘ultrabook' computers
Intel is setting aside USD300m to invest in cutting-edge ‘ultrabook' personal computers. The Santa Clara, California-based chip giant is hoping to lead the development of ultra-thin mobile devices with full PC functionality. The Intel Capital Ultrabook Fund will be rolled out over the next few years to help manufacturers create the necessary hardware and software for Intel's high-powered chips. Intel has been largely absent from the mobile computing market, in part due to Apple's dominance in mobile devices.
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