The company also provides information and communication technology services to corporate customers. Intel CEO Paul Otellini traveled to Taiwan last week to sign a memorandum of understanding (MOU) with both the Taiwanese government and Chunghwa Telecom tentatively based on "cloud computing technologies and services." According to Chinese news sources, the MOU outlines Intel's commitment to provide technical resources and assistance to Chunghwa Telecom in 2011 to help the operator develop and commercialize cloud computing-related products and services. Lu Hsueh-chin, chairman of Chunghwa Telecom told press his firm would "use Intel's cloud computing chips with lower power consumption, as well as its data security management systems. We'll invest heavily in cloud computing equipment over the next two to three years." In exchange, Chunghwa says it will help Intel with smart TVs.