Intel Banks on FreedomPop’s Potential

Intel Capital, the chipmaker’s venture capital arm, announced an investment in FreedomPop, a provider of low-cost wireless that relies on public Wi-Fi hot spots, Investor’s Business Daily reported Wednesday. The investment in the company, based in Los Angeles, will allow Intel to continue its wireless push. In 2016, FreedomPop plans to sell a smartphone equipped with Intel’s new SoFia mobile chipset, the news site reported.