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Intel to bank on ultrabooks

Published by Steve Coleman on August 15, 2011

Get ready for the next big thing in computers.

Chipmaker Intel is planning to invest $300 million around the globe laying the foundation for ultrabooks, a marriage between laptop computers and tablets.

Intel Capital wants to invest in applications for the next generation of devices and usually stays invested in a company for 3-5 years.

Asus released the first ultrabook in 2011. The second generation, expected to retail for about $1,000, is expected to hit the market in 2012.

Intel is hoping the new computers will capture as much as 40 per cent of the laptop market by 2012.

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