by CIO Staff

Intel Expands on China Investments

Jun 26, 20062 mins
IT Leadership

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The venture capital arm of Intel has invested in four more companies through its US$200 million China fund, bringing the number of investments to 12 since the fund was opened a year ago.

Intel Capital has focused its China investments mainly in areas such as cellular communications, broadband deployment, software development and chip design, it said in a statement Monday.

Campus Media, one of the four new investments, runs an advertising network in university cafeterias across China, Intel said. Montage Technology is a chip design company, Star Softcomm designs PC management software, and Winking Entertainment develops software for 3-D online games.

Intel Capital has invested in more than 50 companies in China since it began operating there in 1998, including companies now listed on global stock markets such as PCCW of Hong Kong, Chinese Internet player and UTStarcom, which makes networking products.

The venture capital group has announced a series of funds aimed at developing countries over the past year. Intel Capital now runs a $250 million India fund, a $50 million fund aimed at the Middle East and Turkey, and a $50 million fund for Brazil.

Dan Nystedt, IDG News Service (Taipei Bureau)

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