Monday, November 14, 2005

Intel Establishes $50 Million Venture Fund for Middle East and Turkey;

Intel has established a US$50 million venture capital fund to invest in technology companies developing innovative hardware, software and services in the region covering the Middle East and Turkey.

The fund will seek to invest in companies that complement Intel's technology and platform initiatives, and seeks to further build out the IT and Internet infrastructure in the region.

Intel Capital will focus on opportunities in hardware, services (including broadband infrastructure and mobile wireless solutions using WiMAX technology), local content developers/providers, digital health solutions, IT service providers and software solutions.

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