Intel this week announced plans to invest $43 million in Japan-based UQ Communications, a provider of WiMAX mobile services. The infusion of cash will go towards funding the nationwide expansion of UQ WiMAX service in Japan with hopes of reaching 90 percent coverage of the country in the next three years.
"Intel's Capital's investment in UQ Communications is one of our most significant commitments in developing the WiMAX ecosystem around the globe," said Arvind Sodhani , president of Intel Capital and Intel executive vice president. "UQ's WiMAX deployment in Japan is a spectacular exampe of technology innovation being put to work."
More than just a monetary investment, Intel is also working closely with computer vendors and network operators to introduce more PCs and devices capable of taking advantage of WiMAX service, DailyTech reports.
The investment also underscores Intel's stance that it continue to spend its way out of a recession rather than save its way out. Earlier this month, the chip maker entered into a definitive agreement to acquire all outstanding shares of Wind River Systems, a deal worth $884 million.
Image Credit: Intel