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However, Arvind Sodhani, president of Intel Capital and Intel executive vice president, said in a statement, “Ultrabook devices are poised to be an important area for innovation in the $261 billion global computer industry. The Intel Capital Ultrabook fund will focus on investing in companies building technologies that will help revolutionize the computing experience and morph today’s mobile computers into the next ‘must have’ device.”
Intel's $300 million Ultrabook Fund is the company's second major bet on future technologies unveiled this month.
It follows Monday's unveiling of a $30 million investment in a pair of new Intel Science and Technology Centers (ISTC) at Carnegie Mellon University that will focus on cloud computing and embedded computing research.