Intel (INTC) Looks To Vuzix To Develop Fashionable Watches

0
Intel (INTC) Looks To Vuzix To Develop Fashionable Watches
By The original uploader was VD64992 at English Wikipedia [Public domain], via Wikimedia Commons

Intel has invested $24.8 million into Vuzix (around 30% of Vuzix’s outstanding stock), and with this the chip maker continues its push in the wearable segment. The chip maker is striving to get the benefits of an early entrant in the potential, but not so crowded computerized headwear and other wearables segment.

Working capital investment

Vuzix, in a statement, noted that the investment done by Intel will be utilized for the general working capital to move ahead in introducing Vuzix’s next-generation, fashion-based wearable products into the consumer market.

It will be interesting to see how Vuzix uses the investment made by Intel in its smart glasses. Intel is not just concerned with creating wearables, but wants it to be acceptable to the fashion fraternity by making it more interesting, fashionable or practical than the typical concept of “strapping a small camera to a simple pair of eyeglasses and calling it a day,” according to Pcmag.

Carlson Capital’s Double Black Diamond Fund Posts 3.3% Return In August

Eurekahedge Hedge Fund Index invest Value InvestingCarlson Capital's Double Black Diamond Fund posted a return of 3.3% net of fees in August, according to a copy of the fund's letter, which ValueWalk has been able to review. Q3 2021 hedge fund letters, conferences and more Following this performance, for the year to the end of August, the fund has produced a Read More

It would be worth watching if Intel’s involvement in Vuzix gives them an edge in the wearable industry by making more workplace adaptable wearables that are high on fashion as well.

Intel into small things

According to a report from the Wall Street Journal in November, Intel chips would power the next generation of Google Glass, replacing Texas instrument. As of now, the features that Intel is planning to fit into Glass II are not clear, but the company is designing all types of small components such as the Quark processor, the tiny Edison system-on-a-chip circuit board, and a SoFIA chip that combines a CPU with a 3G modem (and, soon, LTE 4G connectivity).

Recently, Intel entered into a partnership with fashion brand Opening Ceremony to come up with a wearable, which was showcased in November. Mica is not just a stylish bracelet, but also a device that has a screen and performs the basic functions of smartwatch such as notifications, event reminders, Google calendar items and so on. Mica has a built-in GPS that allows custom notifications of the user’s locations along with an independent cellular radio with service offered by AT&T.

Intel has also entered into a collaboration with Italian eyewear manufacturer Luxottica group, and in December the company announced that together they will develop stylish, smart eyewear for niche, luxury and sports glasses.

Updated on

No posts to display