Intel invests in Taiwan's SanJet Technology to develop wearable and car devices
American chipmaker Intel Corp's venturing arm, Intel Capital, said on Thursday it is investing in Taiwanese digital image firm SanJet Technology. The financial terms of the said investment were not disclosed, according to Want China Times.
The investment is being taken from the $100-million Intel Capital Connected Car Fund. Intel Capital said the funding will support the development of the Taiwanese firm's next generation wearable and vehicle applications. These devices will include gadgets that feature full-HD video, wireless qualities, and wide angle views, the report said.
According to SanJet chairman and chief executive officer Steve Liao, the Intel funding will provide the company with the resources to develop new features and next generation devices, the report added.
Sudheer Kuppam, Intel Capital managing director for the Asia-Pacific region, said, "SanJet is well-placed to capitalize on the growing demand for video consumption in and around vehicles with the technological advancements the company has made."
Since 1999, Intel Capital has poured in more than $260 million in over 40 tech firms in Taiwan, Want China Times reported.