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Intel invests in Taiwan supplier of wearable, car applications
Central News Agency
2013-12-26 10:06 PM
Taipei, Dec. 26 (CNA) Intel Capital, the corporate venturing unit of U.S.-based chipmaker Intel Corp., said Thursday it is investing in SanJet Technology Corp., but did not disclose how much funds it is putting into the Taiwanese digital image solution provider. The investment is being made with funding from the US$100 million Intel Capital Connected Car Fund and will support the development of SanJet's next generation applications for wearable and vehicle devices, Intel Capital said. The devices will include gadgets that allow full-HD video, wide angle views and wireless features, it said. "SanJet is well-placed to capitalize on the growing demand for video consumption in and around vehicles with the technology advancements the company has made," said Sudheer Kuppam, managing director of the Asia-Pacific region at Intel Capital. "We are excited by their roadmap and the potential that they bring to high end smart monitoring devices," he said in a statement. Steve Liao, SanJet's chairman and chief executive officer, said the funding from Intel Capital will provide the Hsinchu-based company with the resources to build on its record and bring forward new features and next generation applications. Intel Capital has invested over US$260 million in more than 40 technology companies in Taiwan since 1999. Targets of its investments in Taiwan this year included Waltop International Corp., a leader in electromagnetic-based pen input design and manufacturing, and Lintes Technologies, a provider of high speed connectivity products. (By Jeffrey Wu)
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