Qualcomm Samsung 17 million dollar investment wearable chip company Ineda

[summary] There are comments that Ineda at the right time, with a truly destructive structure into the wearable market. Qualcomm Samsung 17 million dollar investment can wear chip company Ineda Tencent Technology, April 9, compiled wearable chip start-up company Ineda said in Tuesday that the company financed 17 million U.S. dollars, investors including semiconductor industry giants Qualcomm and Samsung Electronics. Ineda Designs Low-power chips for smart watches and other wearable computing devices. Ineda will use the money to develop ultra-low-energy chips that extend the use of wearable equipment to one months without charging. Ineda has offices in Hyderabad, India, and California, with more than 180 employees. The company completed a B-round financing of $10 million last December and investors also included Qualcomm and Samsung. The company also designs assistive software such as gesture recognition and voice communication. One of the criticisms of smart watches is that they need to be recharged frequently, just as smartphones do every day. "In today's market, people use smart-phone technology to support these watches, which creates a good product, but no breakthrough products." Ineda Chairman Sanger Har (Sanjay Jha) said. Sanger Har has served as Motorola Mobile CEO, Qualcomm COO and other positions. This January, he began as chief executive of GlobalFoundries, a chip-maker. Sanger Har has a high prestige in the chip industry. Ineda was founded in 2010 by former AMD staff Dasalada Goude (Dasaradha gude) and Balagi Canigicella (Balaji Kanigicherla). Dasalada Goude, chief executive of Ineda, said: "The latest round of investment will help ineda the development of new highly integrated, low-power semiconductors and software products for wearable equipment markets." "Ineda has sent samples of wearable processor units to customers and plans to ship in bulk in the second half of the year," he said. The chips are divided into four grades, the lowest-level chips for simple wearable devices such as bracelets, and high-end chips for devices such as advanced smart watches based on Google (Weibo) 's Android platform. "We want to cover the entire product range from low-end WPU to high-end wpu," says Goodall. "As a global leader in the mobile chip industry, Qualcomm is also developing wearable parts and even launching its own smart watch Toq." Qualcomm Snapdragon chips can also support Google's recently unveiled wearable platform, Android Wear, which was designed for smartphones. "Investment Ineda is another example of our collaboration and expansion in wearable ecosystems." "says Jon Carvill, a Qualcomm spokesman Joen Caville. In product development and consumer popularity, wearable electronic equipment market is still in the early stages of development, in the leading companies have Google, Samsung Electronics, Sony and so on, they have launchedSmart watch or Google glasses and other wearable equipment. There are rumors that Apple will also develop a smart watch. According to a report by Credit Suisse, the market for wearable equipment will reach $500 billion by 2017. "Wearable electronic devices and Internet products are an innovative open place, Krishna at the right time," said Krishna Jaragada (Yarlagadda Ineda), president of the British semiconductor company Imagination Technologies and Ineda Board members. Into this market with a truly destructive structure. ”