Intel invested 24.8 million US dollars to Vuzix

News from ontablets.es today, smart glasses developer in US, Vuzix announced last Friday that Intel has already invested 24.8 million US dollars to Vuzix, and it will help to speed up the development of its smart glasses. Now, Intel will own about 30% share of Vuzix.

Vuzix is headquartered in Rochester, New York. It is one supplier to develop network glasses and other visible glasses for consumers, enterprise etc.

Vuzix

As Intel is quite late in smart phone and tablet business, so it is working to develop the latest technology for tablets or smart phones, and in meanwhile, it wants to expand its business to other field, like smart glasses and other smart wearing device.

For the above news, Intel did not have any respond.

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