Chip giant Intel on Thursday announced a series of moves in Taiwan to support its wireless computing products, including a new T$386 million ($11.7 million) investment.

Intel's venture capital arm will invest the T$386 million in VMAX, one of several companies building new wireless networks in Taiwan based on the standard known as WiMax, which can deliver data at high speeds over relatively large areas.

Intel and the Taiwan government will also jointly establish a support center for Moblin, open source software optimised for devices using Intel's Atom processor, a lower-priced chip designed for smaller-than-conventional notebooks often used for Web surfing.

"As the Internet evolves, the industry has an opportunity to deliver what consumers are seeking -- a fast, seamless and personal mobile Internet experience, regardless of device or location." Intel Chief Executive Paul Otellini said during a trip to Taiwan, maker of more than 60 percent of the world's notebook computers.

Intel's global investment group, Intel Capital, has invested in more than 80 companies in China and Hong Kong, and established a $500 million Intel Capital China Technology Fund to promote research in Chinese companies in April.

Intel said earlier this month its third-quarter profit rose 12 percent, adding that demand was holding up despite the global economic crisis.

In the report it said Atom chip sales had generated $200 million in revenue.

Source:Reuters