Intel to invest in 10 Taiwan tech firms

Intel Corp.'s investment arm is planning to invest $40 million in 10 tech companies in Asia, including two Taiwan companies. Taiwan's Central News Agency reported the chipmaker's investment arm Intel Capital's plans include Insyde Software Corp. and SNSplus Inc. of Taiwan. "These 10 companies offer unique technology -- from remote security solutions to interactive cloud-based services -- that enhances productivity, security and the online experience for consumers and businesses around the world," CNA quoted Arvind Sodhani, president of Intel Capital and executive vice president of Intel Corp. as saying. Other companies selected for the investment project are based in China, India, Japan and South Korea, CNA quoted Intel. According to the CNA report, the investments will cover a range of innovative technologies, including semiconductor design and manufacturing, green technology, software, security, social gaming and cloud-based services "Technology adoption and innovation is an accelerating global phenomenon, and Asian entrepreneurs from both mature and emerging markets are on the cutting edge of this trend," Sodhani said. — ELR, GMA News