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Semiconductors

Intel Plans to Shut Down Smart Glasses Group

Intel’s long-failing foray into wearables and augmented reality is officially dead.

The chip giant’s new devices group will shut down, according to people familiar with the situation. The division, formed in 2013, made fitness trackers and smart glasses. Despite an investment of several hundred million dollars by Intel, including through acquisitions of other companies, the group never made much of an impact in the wearables market.

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