Intel Corp, the world’s largest computer chip maker, signed a deal with SMG, one of China’s most influential media and entertainment groups, to develop Internet TV.
Intel will invest $12 million in Shanghai Media Group (SMG) and provide technical support under a 2005 agreement. Its multicore platform will be used to consolidate new Internet technologies, integrate innovative user experiences and visual interfaces and develop the next-generation video platform using virtualization technology.
“Global demand for Internet TV, or broadband online TV, is increasing rapidly due to the proliferation of Internet technology,” said Arvind Sodhani, president of Intel Capital, the company’s venture investment arm. “Intel is delighted to cooperate with SMG to develop the broadband online TV platform in China. Collaboration with Intel will stimulate the innovation and development of Chinese new media,” he said.
The new media market which includes interactive TV, mobile phone TV and IPTV, is expected to take off in China. The number of subscribers is expected to soar to nearly 35 million by 2012, according to CCID Consulting.
“The proliferation of the Internet makes it easier for us to do business with overseas clients. We are in a position to get an easy access to foreign businessmen looking for domestic outsourcing companies. As a professional virtual assistant provider, we always welcome contacts and tasks from old and new clients alike,” said James Huang, CEO and founder of BPOVIA Ltd based in China.
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BPO, China, Intel Corp, Internet TV, IT, new media, SMG, Virtual Assistant