Intel Invests in China

Rich Tehrani : Communications and Technology Blog - Tehrani.com
Rich Tehrani
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Intel Invests in China

$200 million is nothing to sneeze at Intel has decided this is the correct amount of money to invest in the Chinese market via their Intel Capital China Technology Fund. The fund will be used to invest in companies that complement Intel's technology initiatives and to further build out the

Internet infrastructure in China. The fund will also provide local businesses with capital to help nurture important technologies and products developed in China. Examples of initial focus areas include cellular communications, broadband applications for consumers, and semiconductor design.

Intel Capital, which has investment managers based in Hong Kong, Shanghai and Beijing, made its first strategic investment China in 1998 and since then has invested in close to 50 Chinese companies across nine cities in mainland China and Hong Kong. Eleven of these companies have since gone public or have been acquired, including AsiaInfo Holdings Inc., a telecom software supplier; Chinacast Communications Holding Ltd., a total solution service provider for remote education; Sohu.com, an Internet portal; Techfaith Holdings Ltd., an independent cell phone design house; and UTStarcom Inc.

I recently met with the folks from UTSTarcom and they are one of the few companies that have developed a WiFi telephony phone for the consumer market. It is a really sleek design and I believe it will do very well.

For more please see:
Intel Establishes $200 Million China Venture Fund; Intel Capital China Technology Fund to Accelerate IT Innovation, Growth of Internet Economy in China.



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