Internet to turn engine for information access: Barret

Our Bureau

Bangalore, Aug 3: Every two minutes —- 50 new users sign up for the i-mode in Japan, 400 new Internet users log on around the world, 1,500 cellular phones are sold around the world and Intel does $103,435 worth of business over the Internet.

The chief of the world’s largest chip maker is clear on his bet —- using the Internet as an engine for growth and estimates, it to be the vehicle of choice for information access and commerce in the months to come. Addressing a technology session on leading the digital world, Intel Corporation president and CEO Craig Barret said despite the ongoing slowdown, the market would continue to see investments in technology areas.

“Technological advancement does not recognise any slowdown and companies should continue to focus on building their technology base,” Mr Barret said. Commenting on the growth strategy for the region, Mr Barret added that Intel had announced an investment of $7.5 billion towards capital expenditure and $4 billion towards R&D.