Intel Invests in 3 Chinese Companies
From Electronic News: Intel Invests in 3 Chinese Companies
"Marking the first distribution from Intel Corp.’s recently-created $200 million Intel Capital China Technology Fund, the company reported today three investments, of undisclosed amounts, in Chinese companies have been completed."
"Intel Capital provided funds to Chipsbrand Microelectronics (H.K.) Co. Ltd., a fabless semiconductor design company; Onewave Technologies Inc., a broadband entertainment technology solutions provider; and Verisilicon Holdings Co. Ltd., an application specific integrated circuit (ASIC) design foundry."
"Intel Capital said it has invested in China for more than seven years and provided capital to approximately 50 companies in mainland China and Hong Kong.
The China Technology Fund was created by Intel two months ago, to leverage the rapid growth of the local technology industry and the high quality of local entrepreneurs and innovation in China, the company concluded."