Intel plans to invest US$40 million in Neusoft Group as part of a deal that will see the Chinese software vendor optimize its products for Intel microprocessors.The deal, announced Tuesday, marks the largest investment to date made by the US$200 million Intel Capital China Technology Fund, Intel said. The deal is subject to regulatory approval, it said.Based in Shenyang, Neusoft runs one of China’s largest IT training programs and provides outsourced software-development services for embedded applications, counting a large number of Japanese companies among its clients. In addition, Neusoft offers its own range of software products, including business management and human resources applications. SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe In addition to the announcement of Intel’s investment in Neusoft, the two companies announced an agreement that will see the companies cooperate more closely. Under the terms of that agreement, Neusoft and Intel will jointly develop the curriculum for a university-level education and certification training program for Intel architecture and tools. The curriculum of the program will focus on several industries, including manufacturing, medical equipment, home appliances and control systems, as well as other embedded applications. Intel is not the first multinational vendor to team up with Neusoft. Earlier this year, SAP AG took a minority stake in Neusoft as part of an agreement to expand the cooperation between the two companies. SAP did not disclose the size of its investment in Neusoft.Established in 2005, the Intel Capital China Technology Fund is the first created by Intel to specifically invest in Chinese technology companies. Other companies that the fund has invested in include Campus Media, which runs an advertising network in university cafeterias across China; chip-designer Montage Technology; Star Softcomm, which designs PC management software; and Winking Entertainment, a developer of software for 3D online games.-Sumner Lemon, IDG News Service (Singapore Bureau)Related Links: Intel Brings WiMax ’Digital City’ to Amazon Island Intel Invests in Malaysian WiMax Co. Intel, UCSB: Silicon Laser Could Replace Copper Wiring in PCsCheck out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content opinion The changing face of cybersecurity threats in 2023 Cybersecurity has always been a cat-and-mouse game, but the mice keep getting bigger and are becoming increasingly harder to hunt. By Dipti Parmar Sep 29, 2023 8 mins Cybercrime Security brandpost Should finance organizations bank on Generative AI? Finance and banking organizations are looking at generative AI to support employees and customers across a range of text and numerically-based use cases. By Jay Limbasiya, Global AI, Analytics, & Data Management Business Development, Unstructured Data Solutions, Dell Technologies Sep 29, 2023 5 mins Artificial Intelligence brandpost Embrace the Generative AI revolution: a guide to integrating Generative AI into your operations The CTO of SAP shares his experiences and learnings to provide actionable insights on navigating the GenAI revolution. By Juergen Mueller Sep 29, 2023 4 mins Artificial Intelligence feature 10 most in-demand generative AI skills Gen AI is booming, and companies are scrambling to fill skills gaps by hiring freelancers to make the most of the technology. These are the 10 most sought-after generative AI skills on the market right now. By Sarah K. White Sep 29, 2023 8 mins Hiring Generative AI IT Skills Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe