Intel Capital, the US chipmaker’s corporate VC arm, has invested an undisclosed amount of expansion capital in Zinitix, a South Korean developer of touchscreen controller technology for mobile devices. Zinitix will allocate the funds towards product development, market expansion, and to help further boost the company’s expertise and resources in support of rapid business growth throughout 2013.
The deal marks a new investment in Zinitix for Intel Capital, which is strategic to Intel Corporation’s recently launched range of new products, ecosystem and enabling efforts that will further accelerate the company’s presence in mobile and richer experiences with Intel Inside, said the corporate venture arm in a statement. Founded in 2000, Zinitix specializes in various SoC semiconductors based on its own Microcontroller (MCU) core technology. Zinitix customers include LG Electronics, Daewoo, Humax and Inkel.
However, Zinitix is the second touchscreen controller technology company to be added to the Asia Pacific portfolio,…
