Intel Capital's portfolio company, Hsinchu City, Taiwan-based ASPEED Technology Inc., IPOs today on Taiwan's GreTai Securities Market, the island's over-the-counter market.

Reflecting a still tough IPO market worldwide, this is Intel Capital's first IPO by one of its portfolio companies this year. Founded in 2004, ASPEED Technology is a software and network applications company.

“ASPEED's commitment to the semiconductor ecosystem through their research and development of remote server management ICs … will ensure the company’s growth well into the future,” Sudheer Kuppam, managing director for Asia Pacific at Intel Capital, says in a statement.

Intel Capital invested in ASPEED in 2011. The company used the funding to expand its research and development team and extend the company’s marketing program for cloud computing solutions.

The exit is another demonstration of the long and fruitful history between Intel Capital and Taiwan's IT industry. Intel Capital has invested over US$260 million in more than 40 technology companies in Taiwan since 1999.

The relationship is a two-way street. Intel Capital encourages its portfolio companies to use Intel products and services. For example, earlier this year, ASPEED said it would buy and use Intel's new Atom™ processor S1200 chips for its own products.

Intel Capital is the global chip-maker Intel's investment and Mergers & Acquisitions arm. In 2012, Intel Capital invested $352 million in 150 investments with approximately 57 percent of funds invested outside North America. Since 1991, Intel Capital has invested more than $10.8 billion in over 1,276 companies.

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