Intel's investments arm announces 7 deals

AP News
Posted: Nov 17, 2009 5:46 PM

The equity investing unit of computer chip maker Intel Corp. said Tuesday it has made seven new investments totaling $25 million to help foster new technologies.

Intel Capital announced the investments at its 10th annual CEO Summit gathering.

The new investments, almost all led by Intel Capital, target tech startups and companies across three continents.

They include:

_ Joyent Inc., a Sausalito, Calif.-based developer of "cloud computing" technology that allows computer users or companies to access programs installed remotely in big data centers

_ Active Storage, a Los Angeles-based provider of media storage technology for Apple computer users

_ Cruicialtec, a Korea-based maker of specialized devices that use optical technology for mobile phones and other electronic gadgets

_Gudeng Precision Industrial Co., a Taiwan-based maker of computer semiconductor equipment

_V-Cube, a Tokyo-based developer of Web-based videoconferencing systems

_Phoenix New Media, a Chinese provider of Internet portals to Chinese computer users

_NeuString, a United Arab Emirates-based developer of software that telecommunications companies use to analyze their operations.

Santa Clara, Calif.-based Intel Corp. is the world's largest chip maker. Intel Capital has invested more than $9.5 billion in more than 1,050 companies since 1991.