TOKYO VIDEO-CONFERENCING CO AMONG INTEL'S NEW INVESTMENTS

Intel Corp. said Tuesday that it has invested a total of roughly US$25 million in seven information technology firms around the globe, including V-cube Inc., a Tokyo developer of Web-based video-conferencing systems

The selected businesses also include two U.S. companies, an online portal operator in China and three firms in other countries.

Intel has been investing in tech companies worldwide through its investment arm, Intel Capital, with the focus on venture firms.

In addition to generating profits when those venture companies go public or become M&A targets, the chip giant has been using its capital ties with them to promote its chips and other technologies. The company also helps the venture firms grow by introducing them to its own customers and business partners.

V-cube hopes to "accelerate business development in China and other overseas countries" by leveraging its capital ties with and support from Intel, President Naoaki Mashita said.

(Nikkei) rw

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