Intel Goes On A $25 Million Spending Spree

The world's biggest maker of chips Intel has acquired shares of four companies for $24.5 million bringing its total spend to nearly $10 billion.

The company has invested in CrowdStar, iStreamPlanet, Music Mastermind and PerspecSys, all of which own IP Intel believes will be important to its own future.

Crowdstar creates games for social network Facebook, has 31 million users, and is seen as a contender to Farmville creator Zynga.

iStreamPlanet is a TV-on-demand outfit which specialises in high definition video streaming and security and has worked with Intel in the past.

Music Mastermind is a company which creates cloud-based music creation software along the lines of Apple's Garageband, taking all the complication, hard work and possibly talent out of the music creation process.

PerspecSys provides enterprise-level secure cloud services to the banking industry among others.

Maybe they're planning a service which lets you write a catchy song, get it on Facebook disguised as a game, stream HD videos of your performances, and then bank all the money you make in one simple interface. Probably not.