Intel Corp yesterday said it has invested in Taiwan’s SanJet Technology Corp (勝捷光電) to fund the development of next-generation applications for wearable and vehicle devices.
The investment is part of the US$100 million funding announced by the US chipmaker’s investment arm Intel Capital.
“SanJet is well-placed to capitalize on the growing demand for video consumption in and around the vehicle with the technology advancements the company has made,” Intel Capital’s Asia-Pacific region managing director Sudheer Kuppam said in a statement.
“We are excited by their road map and the potential that they bring to high-end smart monitoring devices,” Kuppam said.
SanJet, established in 2009, designs and manufactures a range of portable digital video recorders including dashboard DVRs (digital video recorders), action cameras, IP cameras and wearable cameras.
“The intersection of wearable, wireless and social technologies is creating real momentum for the portable digital capture device industry,” SanJet chairman and CEO Steve Liao (廖筠松) said, adding that the funding from Intel Capital would help it bring forward new features and next-generation applications.
SanJet operates a research center in Hsinchu and a factory in Suzhou, China.
Intel Capital has invested more than US$260 million in more than 40 technology companies in Taiwan since 1999.
This year, Intel Capital has also invested in electromagnetic-based pen solution developer Waltop International Corp (太瀚科技) and high-speed connectivity product supplier Lintes Technologies (嘉基科技).