Following the news that Apple Inc. (NASDAQ:AAPL) is looking to acquire local 3D sensor specialist Primesense, Intel Corporation (NASDAQ:INTC) has made an Israeli acquisition of its own. According to Geektime, Intel Corporation (NASDAQ:INTC) has paid up to $40 million to purchase gesture-recognition and tracking company Omek Interactive, moving its employees over to its perceptual computing division at its development center in Haifa. The move will help Intel Corporation (NASDAQ:INTC) push through barriers with perceptual computing and gesture recognition with 3D cameras and will all go towards improving the overall user experience of portable and desktop devices. Intel’s interest in Omek is primarily…
Intel Corporation (INTC) Buys Omek For $40 Million [REPORT]
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.