In a move intended to take advantage of the promising China's IT industry, the company announced Monday it has established a US$200 million fund to invest in Chinese technology companies.
The Intel Capital China Technology Fund will be used to invest in Chinese companies
that complement Intel's technology and will offer funding for these companies to
further develop their own technologies and products, Intel said in a statement. The
fund will be managed by Intel Capital, the company's venture investment arm.
This is not the first time that Intel has sought out Chinese companies for
investments. Since 1998, Intel has invested in about 50 companies in nine cities in
mainland China and Hong Kong, the company said. Eleven of those companies have since
gone public or been acquired, it said.
Chinese companies that have received investments from Intel include: BCD
Semiconductor Manufacturing Ltd., an analog power integrated circuit design and
manufacturing company; Comlent Holdings Inc., a radio frequency chip maker; HiSoft
Technology International Ltd., a software outsourcing company; and Maipu Holdings
Ltd., a router and networking equipment company.
Intel Capital has invested around $4 billion in companies from 30 different countries
since 1991, Intel said.