Intel (NASDAQ:INTC) has decided to take over hardware design for student tablet Kno.
Intel (NASDAQ:INTC) In Tablet Design Decision
According to various reports, Intel (NASDAQ:INTC) Capital and Advance Publications will lead a $30 million investment round in Kno, the high-profile student tablet start-up.
Intel (NASDAQ:INTC) will also take over the hardware design business of Kno, which will now focus on its software to manage the devices that are aimed at the college market.
Intel (NASDAQ:INTC) will not manufacture the tablets, but take its hardware blueprints and share them with their OEM partners.
Intel Corp. (NASDAQ:INTC) company shares are currently standing at 20.03.