InVisage has announced a new round of $18 million in funding, bringing its total to $100 million. Investors include GGV Capital, Nokia Growth Partners, RockPort Capital, InterWest Partners, Intel Capital and OnPoint Technologies.
Intel Corporation (NASDAQ:INTC) is shutting down its assembly and test operations in Costa Rica and will be eliminating 1,500 jobs. The site closure is part of a broader plan that Intel announced earlier this year to cut spending.
Intel Corporation (NASDAQ:INTC) is preparing to launch a $100 million fund in China to accelerate innovation of smart devices. Intel CEO Brian Krzanich made the announcement at the Intel Developer Forum in Shenzhen. Intel is also setting up the Intel Smart Device Innovation Center in Shenzhen. Intel is aiming to get Chinese companies to focus on Intel-based two-in-one hybrid tablets/laptops along with smartphones, wearables, and the Internet of Things.
Intel invested $740 million into Cloudera last week and received an 18% stake. Cloudera is a distributor of software that can compile Big Data. This values Cloudera at around $4.1 billion.
Intel has announced that they are shutting down Intel AppUp. AppUp was an app store for Windows apps that launched in January 2010. AppUp will be officially shutting down on March 11, 2014. No new content or apps will be available for download on that date. There will be e-mail support for AppUp apps until June 15, 2014. Some of the apps will continue to function after the store closes. Apps that were bought through AppUp will no longer receive updates after the store closes. Intel is offering refunds for some of the paid apps at this link.
[Source: Ars Technica]
Intel Corporation is going to reduce their global workforce of 107,000 people by around 5% this year. Intel is going to focus on faster-growing areas of the company. This news comes one day after Intel posted their Q4 earnings, which indicated that they were heavily affected by a slowdown in the PC industry. Intel is going to increase investments in their data centers, low power chips, and tablet divisions. Although Intel has been the leading provider for PC chips, they have been slow at building processors that are necessary for smartphones and tablets. Qualcomm and Samsung are the lead providers for processors that are used in those devices.
Intel Corporation (NASDAQ:INTC) is launching a new “Intel Cloud Technology” marketing campaign with a focus on cloud computing. Intel is going to offer details to customers about the Intel chips that are used to power servers.
Intel Corporation (NASDAQ:INTC) has decided to postpone the opening of a new chip manufacturing facility in Chandler, Arizona. This facility is now available for unspecified future technology. In February of 2011, Intel said that they were planning on investing $5 billion in the Fab 42 facility in Arizona, which was expected to be completely built last year.
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