Israel's Altair Semiconductor, a developer of chips for 4G mobile technology known as LTE, said its chips will connect the new Hewlett Packard Chromebook to Verizon Wireless' LTE network.

The ultra-portable device, developed by HP in collaboration with Google, is based on the Wi-Fi-only Chromebook 11, launched in October. It is the only LTE-only Chromebook available, Altair said on Wednesday.

Built on Google's Chrome operating system, Chromebooks require users to be connected to the Internet for data, applications and multimedia.

While the original Wi-Fi-only Chromebook 11 could only fully operate in the presence of a Wi-Fi hot spot, the addition of Altair's LTE (long-term evolution) chip allows Chromebook users to access information from virtually anywhere, Altair said.

Altair has raised $100 million to date, including $25 million in July aimed at helping the company capitalize on opportunities as Verizon Wireless deployed its LTE network.