Taipei, May 3 (CNA) Intel Capital, the investment arm of U.S. chip maker Intel Corp., announced Thursday that it has integrated its operations in Taiwan and South Korea with its Asia-Pacific headquarters.
The move will reinforce Intel Capital's continuing commitment toward accelerating growth and innovation by promising greater alignment and cohesion, said Sudheer Kuppam, managing director of Asia-Pacific region at Intel Capital.
"This alignment will allow Intel Capital to better support Intel's strategic objectives to grow and develop key segments, including Ultrabooks, mobiles and tablets," he said in an emailed statement.
Based in India, Kuppam is responsible for overseeing all investment operations in Asia-Pacific, excluding China, and manages a team of investment professionals located in Bangalore, Mumbai, New Delhi, Seoul, Singapore, Taipei and Tokyo.
In November last year, Intel Capital unveiled a plan for a US$40 million investment project in 10 Asian technology companies, two of which are in Taiwan.
The investments will cover a range of innovative technologies, including semiconductor design and manufacturing, green technology, software, security, social gaming and cloud-based services, according to Intel.
Since 1991, Intel Capital has invested over US$10.5 billion in 1,230 companies in 51 countries. It has also invested US$200 million in more than 40 Taiwanese companies over the past 10 years.
(By Jeffrey Wu)