ASPEED receives funding led by Intel Capital
Press release [Wednesday 31 August 2011]
ASPEED Technology Inc., a fabless semiconductor company that specializes in SoC (system on chip) design, announced today that it received funding from Intel Capital, Intel's global investment organization. The funding will be used to expand ASPEED's research and development team and extend the company's marketing program for cloud computing solutions.
ASPEED's research and development of remote server management ICs enables a richer server system feature set, including the addition of an IPMI-complaint baseboard management controller (BMC) and iKVM functions. According to Gartner, the market for cloud computing will expand rapidly in the coming years, with cloud-computing server shipments forecast to grow at a compound annual growth rate (CAGR) of 29.4% from 2011 to 2014. ASPEED hopes to capitalize on this growing demand for cloud computing to expand its business in the coming years.
"We are very pleased that our advanced IC design capability for cloud-computing server management was recognized by world-class investor Intel Capital. Over the past five years, cloud computing has become one of the most important IT trends, and we believe the potential of this technology is just beginning to be explored. Innovation is the wellspring of ASPEED's growth, and lies at the heart of all aspects of our business, from strategic planning, marketing and management," said Chris Lin, president of ASPEED Technology.
"Over the last six years, ASPEED has grown to become a leading provider of cutting-edge SoC system solutions for remote server management. With ASPEED's rich experience in server BMC implementation, the company's products enable sophisticated multimedia and management applications over the network," said Keith Larson, vice president of Intel Capital. "Driven by growing demand for cloud computing services and technology, ASPEED is well positioned for future growth."