Intel to target Sri Lanka for investment
Having achieved great results from its investment in China, Intel is planning to next invest Sri Lanka, which has a population of over 20 million, according to Cadol Cheung, managing director at Intel Capital Asia Pacific.
Cheung pointed out that the company invested US$200 million in China to set up a technology foundation beginning in 2005 which has achieved great results, as a result the company will continue to proceed with this strategy.
In 2007, Intel spent US$639 million across 166 investment plans, of which, 77 were new projects totaling US$554 million while 63 were investments overseas valued at 37% of the total amount. Main target markets included mobile Internet communications, digital home, business applications, storage, medical and processing
Read more,
http://www.digitimes.com/mobos/a20080402PD207.html
Cheung pointed out that the company invested US$200 million in China to set up a technology foundation beginning in 2005 which has achieved great results, as a result the company will continue to proceed with this strategy.
In 2007, Intel spent US$639 million across 166 investment plans, of which, 77 were new projects totaling US$554 million while 63 were investments overseas valued at 37% of the total amount. Main target markets included mobile Internet communications, digital home, business applications, storage, medical and processing
Read more,
http://www.digitimes.com/mobos/a20080402PD207.html
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