Intel Betting Big On Chinese Firms

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Intel Betting Big On Chinese Firms
By The original uploader was VD64992 at English Wikipedia [Public domain], via Wikimedia Commons

Intel Capital, the chip maker’s global investment arm, has made an investment of $67 million into eight technology firms based in China, says a report from ZDNet. Intel Capital’s recent investments into Chinese companies demonstrates the U.S. firm’s commitment to fostering technology innovation and accelerating the technology ecosystem development in China.

Intel completes 30 years in China

Intel’s investment in the Chinese firms comes at a time when the chip maker is celebrating its 30th anniversary in China, according to Arvind Sodhani, executive vice president of Intel and president of Intel Capital. “Intel Capital plays a key role in Intel’s engagement and collaboration with local Chinese start-ups and entrepreneurs, and has helped usher in the development of leading edge technologies and products,” Sodhani said.

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