VENTURE CAPITAL POST

Santa Clara, US-based semiconductor chip maker Intel Corp shelled out $100 million to establish an innovation center in China to accelerate the innovation of smart equipment in the Asian country.

There may be a lot of hype accompanying wearable devices but industry observers say these gadgets are not likely to be a big hit with consumers any time soon, Reuters reported.

Intel Capital, US-based Intel Corp's corporate venturing division, announced that it is investing in Taiwan-based digital image solution provider SanJet Technology to support the development of next generation wearable and car applications.

Intel Corp., the world's largest chipmaker, has put up for sale its Internet-based pay-TV startup OnCue. Telecom company Verizon Communications Inc. is said to be nearing a deal to acquire OnCue.

The news about Google Inc's plan to use the technology of British chip designer ARM Holdings Plc for the former's server chips had seen the latter's shares rising to as much as 5.7%.

Intel Corp is asking USD 500 million for OnCue, the service that allows users to access pay TV programs through a high speed Internet connection, according to sources interviewed by Bloomberg.

Sources told Bloomberg that early talks were on-going between Liberty Global and Intel Corp for a possible purchase of the chip maker's online pay-TV service.

Intel Corp. and Verizon Communications Inc are talking to about Intel's Web-TV.

Intel Corp was reportedly nearing an agreement to exit from its television service business with Verizon Communications Inc.

A report by information technology news site Techcrunch said multinational semiconductor chip maker Intel Corporation recently acquired security company Sensory Networks for USD20 million.