Intel (INTC) plans to invest as much as $300M to support its "ultrabook" initiative for...

|About: Intel Corporation (INTC)|By:, SA News Editor

Intel (INTC) plans to invest as much as $300M to support its "ultrabook" initiative for thin-and-light laptops similar to Apple's (AAPL) popular MacBook Air. Intel hopes ultrabook demand won't just reduce the tablet market's impact on PC sales, but will allow it to counter the arrival of laptops featuring ARM (ARMH) processor designs.