Intel invests in two Taiwanese tech firms
Intel Capital, the US chip maker's eponymous venture capital unit, has backed two Taiwanese start-ups as part of an overall $62 million investment across 16 technology ventures.
The two business are PilotTV, which designs and operates digital signage systems for retail venues, and has over 6,000 screens across convenience stores, fast food chains, drugstores and rapid transit stations; and Thundersoft, which offers developer solutions and technology services for mobile operating systems.
The other 14 start-ups are based in Israel and North America, and operate across the wearable, mobile services, microprocessor, and big data segments.
"We are focused on helping innovative companies develop across this technology ecosystem, and we expect to invest a total of $355 million this year," said Arvind Sodhani, president of Intel Capital and Intel executive vice president, who annonced the investments at the 15th annual Intel Capital Global Summit.
Last month Intel Capital nvested $28 million from its China Smart Device Innovation Fund (CSDIF) into another batch of technology start-ups.
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