Intel to invest 65 million in Taiwan`s Powertech

“Intel Corp, the world’s largest chip maker, will invest 65 million US dollar in Taiwan’s Powertech Technology to boost its flash memory business. Intel will make the investment in Powertech, a memory-chip packaging and testing company, through its venture capital arm, Intel Capital, the companies said today. The agreement was confirmed by Intel Capital Singapore-based spokesman. The acquisition is aimed at expanding Santa Clara, California-based Intel’s Nand flash memory business, giving it access to components and the supply chain, he said. Nand flash is used to store data such as music and photos in MP3 players, digital cameras and other consumer electronics.”