DHAKA: Intel launched a $100 million fund in China to accelerate innovation of smart devices on Wednesday, reports US media website CNET.com.

Intel CEO Brian Krzanich, speaking at the Intel Developer Forum in Shenzhen of Chinese Guangdong Province, announced the establishment of an Intel Smart Device Innovation Center there and a $100 million Intel Capital China Smart Device Innovation Fund.

He described the goal of fund launching “is to team up with local companies to foster innovation, with the emphasis, of course, on Intel silicon technology.”

The fund hopes to get Chinese companies to develop Intel-based 2-in-1 hybrids (tablet-laptop), tablets, smartphones, wearables, and the Internet of Things.

In conjunction with this, the center "will expand Intel`s work beyond tablets and provide local manufacturers and software developers with access to...master reference designs for turnkey solutions, development tools, supply chain sourcing, quality management and customer support -- acting as a bridge between product conception and commercial deployment," Intel said in a statement.

BDST: 1536 HRS APR 2, 2014