AsianScientist (Nov. 17, 2011) - Intel Capital, Intel Corporation’s global investment and M&A organization, today announced US$40 million worth of investments in 10 Asian companies, reflecting the rapid spread of technology innovation across Asia.

The investments include eight new investments in companies from China, India, Japan and South Korea, and two planned investments in companies from Taiwan.

The 10 investments were announced at the 12th annual Intel Capital Global Summit in Huntington Beach, California. Formerly known as the CEO Summit, the Intel Capital Global Summit brings together approximately 900 portfolio company CEOs, corporate technology decision makers and industry leaders from around the world.

“Technology adoption and innovation is an accelerating global phenomenon, and Asian entrepreneurs from both mature and emerging markets are on the cutting edge of this trend,” said Arvind Sodhani, president of Intel Capital and Intel executive vice president.

“These 10 companies offer unique technology – from remote security solutions to interactive cloud-based services – that enhances productivity, security and the online experience for consumers and businesses around the world.”

Miartech (Shanghai) Inc. (China): Miartech is a leader in power line communications products and systems technology, providing the building blocks and intelligent systems for smart grid, smart homes and energy management systems. Miartech’s products help utilities and their customers better manage power consumption and reduce costs. `The Global China Business Meeting is an arena where the global business community can meet cooperate and exchange ideas with the award winners and other world famous business leaders from China,' he continued. `Baker & McKenzie proudly supports Horasis' Global China Business Meeting and gladly awards the Chinese Business Leaders of the Year', said Thomas Gilles, Partner, Baker & McKenzie. `We are pleased to assist in identifying and recognizing some of China 's most admired business leaders.'