Waltop, a US-based electromagnetic (EM) technology company which provides writing and drawing functionality for digital devices, has received an investment from Intel Capital, the corporate venturing and strategic investment unit of semiconductor chip maker Intel.
The funds will be used to expand Waltop’s research and development regarding pen-input capabilities, as well as to help it grow market share for its stylus solutions among mobile device makers.
Sudheer Kuppam, managing director, Asia Pacific region, Intel Capital, said: “Mobile technology innovation is occurring both inside and outside the mobile device and Waltop’s pen input solutions are reflective of the growing demand for mobile-related technologies. Intel Capital looks forward to supporting Waltop in the development of its EM technology and stylus solutions.”
Jerry Tang, president of Waltop International Corp, said: “This investment by Intel Capital validates our years of hard work in EM pen development and reflects the great potential of this technology in the mobile space. We believe Intel Capital’s investment will help us fortify our operational and technical capabilities, strengthen our market position and help bring our superior products and services to a greater number of end-users.”