Intel has announced plans to invest $200 million in companies developing new types of hardware, software and networking products for the “digital home.”
The goal of the funding was to accelerate the convergence of PCs and consumer electronics equipment by making it easier for consumers to play music, video and other digital content on devices around the home, the company said. The fund will be managed by Intel Capital, the chip maker’s investment arm.
Intel is one of several computer industry titans hoping to find new business in products for the home, including digital televisions, stereos and handheld computers.
As more entertainment and educational content becomes digital, people want to edit, manage and access that content, and share it among multiple devices around the home, president of Intel Capital, John Miner, said.