Intel invests in Silicon Automation Systems Ltd.
sasi.com
sasi.com
BANGALORE, Oct. 5 (BL)
SILICON Automation Systems Ltd (SAS), which develops telecommunication and semiconductor technologies, said on Tuesday the US-based Intel Corp had made a strategic investment in the company.
Addressing a press conference here, Mr. Rajiv C. Mody, SAS Chief Executive, said: ``We consider Intel's investment in SAS to be of strategic importance to our technology roadmap. Intel has consistently displayed its commitment to enriching the Internet experience for all users through support of technologies focussed on faster, better access to the Net. This can be best exemplified by their vision of a billion connected PCs. SAS is committed to this vision and is focussed on developing enabling technologies to give shape to this vision.'
The investment will help SAS strengthen its marketing activities in its core areas of business. It will also help facilitate SAS' infrastructure development.
``Our investment in SAS continues Intel's strategy of accelerating the deployment of high-speed broadband services to homes and businesses worldwide. As a company focussed on communications, multimedia, speech compression technologies and design tools, SAS is playing a role in the development of advanced broadband services for India and the region,' said Mr. Atul Vijaykar, Intel Director, South Asia.
Intel, through its $3-billion venture capital fund, picks up minority stakes in companies working on technologies that enable faster and better access to the Net. In India, SAS is the sixth company to receive an investment from Intel. |
