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Read more with google mobile : Intel to invest $11.7 mln in Taiwan WiMax venture

Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Secondary Navigation Singapore Asia Pacific World Search Search: Intel to invest $11.7 mln in Taiwan WiMax venture Reuters - 1 hour 59 minutes ago By Kelvin Soh TAIPEI, Oct 30 - Chip giant Intel <INTC.O> on Thursday announced a series of moves in Taiwan to support its wireless computing products, including a new T$386 million ($11.7 million) investment. Intel's venture capital arm will invest the T$386 million in VMAX, one of several companies building new wireless networks in Taiwan based on the standard known as WiMax, which can deliver data at high speeds over relatively large areas. Intel and the Taiwan government will also jointly establish a support center for Moblin, open source software optimised for devices using Intel's Atom processor, a lower-priced chip designed for smaller-than-conventional notebooks often used for Web surfing. "As the Internet evolves, the industry has an opportunity to deliver what consumers are seeking -- a fast, seamless and personal mobile Internet experience, regardless of device or location." Intel Chief Executive Paul Otellini said during a trip to Taiwan, maker of more than 60 percent of the world's notebook computers. Intel's global investment group, Intel Capital, has invested in more than 80 companies in China and Hong Kong, and established a $500 million Intel Capital China Technology Fund to promote research in Chinese companies in April. Intel said earlier this month its third-quarter profit rose 12 percent, adding that demand was holding up despite the global economic crisis. In the report it said Atom chip sales had generated $200 million in revenue. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business Mitsubishi Electric lowers profit forecastAFP - 1 hour 12 minutes ago South Korean stocks rise 11.95 percent, won surgesAP - 1 hour 19 minutes ago Credit crisis delays IPO for Bangladesh's GrameenphoneAFP - 1 hour 22 minutes ago Asian stocks soar on US Fed rate cutAFP - 1 hour 23 minutes ago Hitachi swings to H1 profit but cuts outlookReuters - 1 hour 27 minutes ago Most Popular – Business Viewed When men see red, they see hot: study World's fattest man weds friend's widow Obama set for prime-time appeal to voters Global financial woes hit China's 800 million farmers: state media Desperate pleas end in despair as starlet's nephew found dead View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology

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Intel to invest $11.7 mln in Taiwan WiMax venture
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