Intel to target Sri Lanka for investment
Monica Chen, Shanghai; Joseph Tsai, DIGITIMES [Wednesday 2 April 2008]
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.
Ian Yang, general manager of Intel China also pointed out that in 2007, PC shipments in China increased to 37 million units from a mere two million units in 1995. Nine million of the total units were notebooks. With the overall PC penetration rate reaching 21% in 2007, the CAGR of PC shipments in China is likely to remain at 17% over the next five years. Compared to PC shipments of 67 million units in the US during 2007, for a penetration rate of 76%, China's PC market offers better growth potential, according to Yang.
Ian Yang, general manager of Intel China
http://www.digitimes.com/mobos/a20080402PD207.html
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