Intel, TPG invest $36.5M into Vietnam tech outsourcing co., FPT
Chip giant Intel and buyout firm Texas Pacific Group are investing $36.5 million in Vietnam’s largest software company, FPT.
Here is a good summary of the investment in today’s Mercury News. FPT offers a range of services, including back-end computing services, telecommunications and outsourcing to Japanese companies.
The investment reflects a growing confidence in the Vietnamese economy, which reported economic growth of 8.4 percent last year. Vietnam’s tech market, estimated to be valued at $800 million, is… Continue Reading
Practical Instruments joins solar gold rush, raises $8M
Updated
Practical Instruments has raised $8 million in a first round of funding to develop what it says is the most powerful solar “concentration” technology yet.
It uses solar panels that track the sun as it moves. The panels use mirrors to concentrate the sunlight for the photovoltaic process, thereby boosting performance.
It is the latest in a wave of entrants in the booming solar power industry, and will compete against a number of other “concentration” companies, including… Continue Reading