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Intel to invest $500 mln in Taiwan, most in WiMax
Intel Corp said on Monday it will invest $500 million in Taiwan over the next five years, with a large amount of the investment targeted at the island's WiMax sector. The chip giant said there are still technical challenges that need to be solved for the new super-high-speed wireless standard.
"This investment is largely for WiMax," Lil Mohan, managing director of Intel's WiMax program, told reporters on the sidelines of a news conference. Mohan added that Intel expects WiMax to be commercially deployed in the second or third quarter this year in the United States, and that infrastructure in Asia should be ready by 2009-2010. Late last year, Taiwan's government said it planned to spend $664 million in the next few years on the WiMax technology -- seen as the more advanced standard to WiFi, which only works near a transmitter.
Posted by | Mon, Apr 21, 2008 - 11:28 AM
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