Sunday, June 12, 2005

Intel Established US$200 million China Technology Fund

Intel is establishing a US$200 million China Technology Fund aimed at stimulating innovative start-ups developing hardware, software and services. Intel focuses on making minority equity investments in support of its strategic interests.


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.


Notable examples of current Intel Capital investments in China 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; Maipu Holdings Ltd., a router and data communications company; and Pollex Mobile Holdings, a cellular phone software applications provider.


Intel marked its 20th anniversary in China, noting that it now has 5,000 employees in the country.
http://www.intel.com

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