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Intel Is Said to Plan Sale of Majority Stake in AR Glasses Unit

  • Smart specs will allow users to see contextual information
  • Division valued at as much as $350 million; Intel keeps stake

Intel Corp. plans to sell a majority stake in its augmented reality business, which aims to start offering smart glasses to consumers as soon as this year, according to people familiar with the plan.

The chipmaker values the division at as much as $350 million, said the people, declining to be identified since the plans aren’t public. Intel is seeking multiple backers to invest in the unit, which has been developing smart glasses that pair by Bluetooth with a mobile phone.