Intel Capital Closes New $500 Million Fund Focused on China

Santa Clara, Calif. -- Intel Capital, the investment arm of Santa Clara-based chipmaker Intel, said on Tuesday that it has closed a new $500 million investment fund focused on China. The firm said that its Intel Capital China Technology Fund II will invest in wireless broadband, technology, media, telecommunications and clean tech in China. "Since 1998, Intel Capital has invested in more than 70 companies across China and Hong Kong," said Arvind Sodhani, the president of Intel Capital. "We aim to foster innovation and local entrepreneurship, while enriching the technical capabilities and global competitiveness of technology companies in the region." The first initial $200 million China fund has been fully invested in local Chinese companies.
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