Intel announces wearable-tech collaborations
Intel, the world’s largest chip maker, announced that the company was set to kick off a series of collaborations, focused on wearable tech, with major fashion industry players Opening Ceremony, Barneys New York and the Council of Fashion Designers of America (CFDA). The fashion collaborations will result in the development of a “smart bracelet” designed by Opening Ceremony, powered by Intel technology and sold exclusively, this autumn, at influential retailer Barneys New York.
“Our shared vision is to accelerate wearable technology innovation and create products that both enhance people’s lives and are desirable to wear,” said Ayse Ildeniz, vice president of business development and strategy at Intel’s New Devices Group, in a statement. Intel did not reveal the investment in these collaborations, though Krzanich said the company would fund a competition that will offer wearable technology developers US$1.3 million in prizes.