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Intel Capital invests $US25 million in tech companies

Intel Capital invests $US25 million in tech companies

Chipmaker's VC arm takes stakes in seven companies

Intel Capital, the venture capital arm of the world's largest chip maker, Tuesday detailed seven new investments worth around US$25 million in total, in addition to an investment in U.S. WiMax operator Clearwire.

Two of the seven companies that Intel Capital invested in are U.S.-based: Joyent, a cloud-computing vendor, and Active Storage, which makes storage products designed for organizations that use Apple hardware. Of the remaining five companies, four are based in Asia and one -- pricing analytics software maker NeuString -- is based in Dubai.

Intel Capital's Asian investments include South Korea's Crucialtec, which makes input devices based on optical technology; Taiwan's Gudeng Precision Industrial, which makes semiconductor manufacturing equipment; videoconferencing specialist V-Cube, of Japan; and Chinese Web portal operator Phoenix New Media.

In addition to these new investments, Intel Capital invested $50 million into U.S. WiMax operator Clearwire.


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Tags Gudeng Precision IndustrialV-CubeWiMaxCrucialtecPhoenix New MediaClearwireintel

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