January 5, 2015

Intel Buys $25 Million Stake in Google Glass Rival Vuzix

Intel has bought a 30 percent stake worth $24.8 million in smart glasses manufacturer Vuzix. The US chip-maker may have missed out on rise of the smartphone (the vast majority of mobile chipsets are designed by rival ARM), but is apparently determined to be at the forefront of wearables. Intel has already a "multiyear collaboration" with luxury brand Luxottica to "anticipate what smart technology for eyewear will look like in the future" and it's been rumored that the firm will be supplying the processors for the next generation of Google Glass.

Vuzix has already begun selling its smartglasses to enterprise customers in China

By buying a stake in Vuzix, however, Intel is also getting involved in the enterprise side of wearables â an...

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