Intel Capital, Intel’s global investment and M&A arm, says it has created a US$100 million fund to invest in innovative smart devices, including tablets, smart phones, PCs, 2in1s, wearables, and other related technologies in China, according to a company announcement.
The Intel Capital China Smart Device Innovation Fund reinforces Intel’s commitment to developing the China technology ecosystem.
"We are investing to accelerate this exciting new ecosystem, extending from new smart devices and sensors to networks to base stations to servers to big data analytics," says Arvind Sodhani, president of Intel Capital and executive vice president of Intel Corp.
This is the third China-focused fund Intel Capital has established. The Intel Capital China Technology Fund II focuses on broader investment areas such as data center and cloud infrastructure, big data and analytics, software and services, manufacturing.
Intel Capital started investing in China in 1998. Since then, it has invested over US$670 million in more than 110 Chinese technology companies, 30 of which have gone public or have been acquired.
Intel Capital has investment professionals based in Beijing, Hong Kong and Shanghai.