[Just more evidence that Chump Street has no idea what it is doing...]
Digitimes reported on Friday that Intel would be joining with Hewlett-Packard (NYSE:HPQ), Lenovo (LNVGY.PK), Quanta Computer (QUCPF.PK), and Compal Electronics (CMPCY.PK) to launch a new smart-TV platform in 2013.
What does Intel have in store for television in 2013?
Since 2007, Intel has been releasing home entertainment products including IPTV set-top boxes and low-power processors for networked media players, interactive televisions, and Google TV products. However, the publication’s sources in the component industry stated that the new platform will go beyond basic PC functionality by focusing on its user interface, and it will incorporate voice, gesture, and face recognition systems…
[Intel has been building the foundation for this for some time. Now their play starts to come clear. Bump for Intel. Bruises for Chump Street...]
The Wall Street Journal reported in March that Intel Chief Executive Paul Otellini intended to move the company beyond the computer industry, as the demand for PCs has grown increasingly weak. While Intel’s previous efforts in the TV business have failed to gain much traction, the company has seen an opportunity in the transitioning television industry. With growing number of television watchers turning to the Internet and mobile devices, smart TVs are being considered by Google, Apple, and Microsoft as well.
According to the WSJ, Intel has envisioned itself as a virtual cable operator, offering U.S. television channels over the Internet in packages similar to the subscriptions currently sold by cable and satellite-TV providers. Such a service would allow the company to make use of its newly released Atom processor, which has provided Intel with the means to grow beyond its traditional business and put its chips in consumers’ living rooms in increasing numbers.