Intel taking over Kno tablet hardware design!!!!!!!!!

Reports have Intel and Conde Nast's owner sinking $30 million into Kno...and Intel taking over the dual-screen student tablet's hardware design.

Last month, rumors were swirling that tablet start up Kno was considering selling off its hardware business—which hasn’t even launched yet, despite repeated delays. Now, new reports have chipmaking giant Intel and Conde Nast owner Advance Publications sinking some $30 million into Kno…and that Intel will be taking over the hardware design of the dual-screen tablets with an eye towards licensing manufacturing to OEMs.

According toBusinessweek, Intel’s venture capital arm is interested in the technology as a way to expand its presense in the education market. According toAll Things Digital, Intel will take over the hardware design of the tablets then, rather than manufacture the devices itself, license the designs to OEM manufacturers. Conde Nast owner Advance Capital is also apparently also be a significant participant in the investment.

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