HomeAbout

TL;DR CNBC


Intel closes its New Devices Group, which built the Vaunt smart glasses - TL;DR CNBC

Intel closes its New Devices Group, which built the Vaunt smart glasses

Publishing timestamp: 2018-04-19 03:09:10


Summary

Intel has decided to close its New Devices Group, which worked on augmented reality glasses and other consumer products. The company will now focus on delivering chips for PCs, servers, and other hardware, while also exploring emerging technologies. The decision could result in layoffs, as the group had 200 employees earlier this year. The "Superlight" project, which included the Vaunt augmented-reality glasses, did not meet market expectations. CEO Brian Krzanich announced the formation of the group in 2013 and emphasized the company's commitment to exploring new technologies.


Sentiment: NEUTRAL

Tickers: INTC

Keywords: technologybusiness newsintel corpbrian krzanich

Source: https://www.cnbc.com/2018/04/18/intel-closes-new-devices-group-that-built-vaunt-smart-glasses.html


Developed by Leo Phan