Intel pumps $200M into China
p2pnet.net News:- Intel Capital has established a $200 million venture fund to invest in Communist China.
It will, “initially invest in companies concentrating on cellular communications, broadband applications for consumers and semiconductor design, but the focus will broaden over time,” says CNET News.
“The companies, Intel hopes, will both increase the adoption of technology inside China and become exporters.”
The venture capital firm, now one of the world’s largest, has already invested in AsiaInfo Holdings, which develops telecommunications software, and Chinacast Communications, which makes educational software, says CNET, adding:
“The announcement came at the Intel CEO Summit, an annual gathering of top customers and PC executives. The convention is taking place in Beijing for the first time and coincides with Intel’s 20th anniversary of operations in China.”
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See:-
CNET News – Intel sets up venture capital fund for China, June 13, 2005
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