Intel on Tuesday said it would invest US $ 100 million in the company-a company that develops software and services for mobile phone and PC, move to increase the presence of the chip makers in the mobile market.
The investment will go toward companies that are developing “innovative applications and digital content” for mobile phones and PCS, Intel said in a statement. Investments will be made by the company’s investment arm, Intel capital, as part of a new Fund AppUp
An initial investment of $ 45 million will be made in 12 companies over the past two days. The company on Tuesday announced the investment in the company’s flagship Urban, mobile services and platforms as 4tiitoo, Germany mobile software developer and ts. 4tiitoo WeTab t, famous early competitor to the Apple iPad, and the operating system, OS WeTab.
As part of the Fund, Intel AppUp also plans to invest in technology and the happiest of thoughts in India TeliBrahma; Outblaze business Holdings, and MakePolo.com in China Miartech; Neosem in South Korea; Insyde Software on SNSplus and South Korea; and OneBe and G-cluster in Japan.
Intel has virtually no presence in the smartphone market and only entered the market a t, which is ruled by an ARM processor, used in most devices. The Fund will also invest in companies that develop technology and software to ultrabooks, that being promoted by Intel as a new category of laptops with features such as a t. Intel in August announced funding of $ 300 million for a company that develops new technologies to ultrabooks.