select languages
sns RSS mobile twitter widget
latestnewslatestnews RSS
Home > Tech/Science
(LEAD) Intel Capital invests US$20 mln in wireless broadband venture in S. Korea
SEOUL, Sept. 30 -- Intel Capital, the investment unit of U.S. chip giant Intel Corp., said Thursday that it has invested US$20 million in a wireless technology joint venture with KT Corp. and Samsung Electronics Co.

The investment in Wibro Infra Co., which started with an initial capital of 250 billion won ($219 million), will be used to advance the high-speed mobile wireless technology called WiMAX in South Korea, KT and Intel said in a joint statement.