Intel Capital, the investment arm of microchip company Intel, has announced a $300m (£185m) war chest to develop the mobile technology of its Ultrabooks, intended for ultra-thin portable PCs and designed to compete in the mobile computing space.
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Ultrabooks are intended to compete with the mobile chips of Intel's rival ARM used in smartphones and tablets.
The fund will invest in companies building hardware and software over the next four years, focusing on achieving longer battery life, innovative designs and improved storage capacity, said Intel.
Mooly Eden, vice-president and general manager of Intel's PC Client Group, said the company was trying to "reinvent mobile computing" with the move.
In March, Intel launched its second generation vPro i5 processor, which it claims will increase the speed of business applications by 60% and data encryption by 300%.
The next phase of Intel's Ultrabook strategy will be the launch of the Intel processor family codenamed "Ivy Bridge", scheduled for availability in systems in the first half of 2012 and designed to bring improved power efficiency, visual performance and enhanced security, said the company.
Intel's planned 2013 product family, codenamed "Haswell", is expected to reduce power consumption to half of the "thermal design point" for today's microprocessors.
Earlier this year, Intel confirmed the completion of its $7.7bn (£5bn) acquisition of security software giant McAfee, the largest acquisition in the company's history.