According to a report, Intel is planning on closing down its New Devices Group. This particular division of the chip-making giant was involved in developing wearable projects. One of these projects was called "Superlight" but was better known to the outside world as the Vaunt smart glasses. It seems the state of the smart-glasses market prompted Intel's withdrawal.
https://www.notebookcheck.net/Intel-s-vaunted-smart-glasses-facing-the-axe.299820.0.html