Intel to invest $150 million in Wi-Fi start-ups
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Semiconductor giant Intel has announced investments in four new wireless start-ups as it seeks to carve out a dominant position in wireless technology.
10 March 2003 Semiconductor giant Intel has announced investments in four new wireless start-ups ahead of the launch of Centrino, its family of chips designed to give portable computing devices improved wireless connectivity and battery life.
The company, which is battling against rivals Broadcom, Advanced Micro Devices (AMD) and Transmeta for dominance of the wireless semiconductor market, is hoping that the strategy will help drive sales of Centrino, which is due for release later this week.
Intel has said that it will invest $150 million in providers of wireless software and services during the next few months. To date, it has made seven such investments.
The latest four companies to receive funding include: rovingIP.net, a Washington, US-based provider of services to operators of Wi-Fi and broadband networks; Vivato, a San Francisco, California-based Wi-Fi switch manufacturer; Broadreach Networks, a London, England-based provider of 'pay-as-you-go' Internet access services; and Pronto, a Pleasanton, California-based developer of Wi-Fi network management software.
The financial terms of the deals were not disclosed.
