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gManZboy writes "The ultrabook, an Intel trademarked term, is more or less a tablet with a keyboard. It exists because tablets and mobile phones have been selling better than notebook computers and because Apple has proven that a notebook stripped of its optical drive and juiced with the speed of flash memory has market appeal. It exists because Intel has to offer an alternative to ARM-based chips, which are powering more and more mobile devices. To bring its chip-based vision to market, Intel last year set up a $300 million Ultrabook Fund to help make the necessary components more affordable.