Intel to Spend $500 Million in Taiwan Over 5 Years
Monday, April 21, 2008 2:10 AM PDT
Intel plans to spend as much as US$500 million in Taiwan over the next five years on procurement and investing activities, the company said Monday.
A portion of that figure will be to promote WiMax technology on the island. The company Monday signed a memorandum of understanding to work with the Taiwan government to establish a new company that will work with Taiwanese businesses on interoperability and other technology issues related to WiMax.
The time frame of the $500 million investment will be between 2008 and 2013, Intel said in a statement.
Company executives declined to comment on how much of the figure will be invested in WiMax, as compared to other activities. Intel procures computer motherboards and other products, as well as some contract manufacturing work from Taiwanese companies.
Taiwan is one of the world's largest makers of WiMax networking equipment, including base stations and PC cards. Companies on the island shipped $159 million worth of WiMax gear last year, up from just $22.6 million in 2006, according to the Market Intelligence Center, a publicly-funded researcher in Taiwan.
Intel plans to spend as much as US$500 million in Taiwan over the next five years on procurement and investing activities, the company said Monday.
A portion of that figure will be to promote WiMax technology on the island. The company Monday signed a memorandum of understanding to work with the Taiwan government to establish a new company that will work with Taiwanese businesses on interoperability and other technology issues related to WiMax.The time frame of the $500 million investment will be between 2008 and 2013, Intel said in a statement.
Company executives declined to comment on how much of the figure will be invested in WiMax, as compared to other activities. Intel procures computer motherboards and other products, as well as some contract manufacturing work from Taiwanese companies.
Taiwan is one of the world's largest makers of WiMax networking equipment, including base stations and PC cards. Companies on the island shipped $159 million worth of WiMax gear last year, up from just $22.6 million in 2006, according to the Market Intelligence Center, a publicly-funded researcher in Taiwan.
