Intel gives money to digital home-makers

Intel has set up a $200 million fund to invest in companies that develop technologies for the “digital home”, it said this week.

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By  Peter Branton Published  January 7, 2004

Intel has set up a $200 million fund to invest in companies that develop technologies for the “digital home”, it said this week. The Digital Home Fund will invest in companies developing hardware, software or supporting technologies which will enable people to enjoy digital content on multiple home devices. “As more entertainment and educational content becomes digital, people across the world including the Middle East want to edit, manage and access that content and share it among multiple devices including TVs, stereos, PCs and handhelds,” said Tanguy de la Horie, Intel’s marketing manager for the Middle East Turkey and Africa region. “The Digital Home Fund is designed to complement Intel products and accelerate development of key technologies and content which enhance and simplify the digital home experience.” Intel has already invested in a number of companies it says are “pursuing the digital home vision”, including Bridgco which designs low-cost chips for digital media adapters that link home devices, Entropic which designs chips for home networking over coaxial cabling, and Musicmatch which sells software for recording, organizing and playing music. “More people want the ability to have their content available anytime, anywhere and on any device,” said Louis Burns, Vice President General Manager Desktop Platforms Group Intel. “They want to wirelessly transfer MP3 files from a PC in the den so they can listen to them on their stereo in the family room, they want to view digital photos on their big screen TV, or to watch video content on handheld wireless devices. Intel will continue pursuing its vision of unifying computing and consumer electronics functions for the benefit of consumers.” Intel is just one of a number of vendors from the traditional PC community to target the consumer electronics market. This week sees the Consumer Electronics Show in Las Vegas, US, which is expected to feature a keynote speech from Microsoft chairman Bill Gates.

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