Intel Capital announces two China investments

Jiangsu-based Eazytec and Shanghai's Grand Chip Microelectronics will received funding alongside 10 North American and European companies working in areas such as big data, autonomous machines and virtual reality. Individual disbursement amounts have not been specified.

"Innovation is exploding as the world transforms into an increasingly smart and connected place, where billions of devices will be made even smarter by intelligence in the cloud," Wendell Brooks, Intel's senior vice president and president of Intel Capital, said in a statement. "We're excited to team with these visionary entrepreneurs developing breakthrough technologies to transform lives and industries."

Eazytec is a smart city technology provider that specializes in application software and firmware development as well as system integration and data center services. Grand Chip is a communication platform developer focused on areas including wifi devices and internet-of-things. Last week, the company reached the milestone of shipping one million wireless infrastructure products globally.

Intel Capital claims to have invested more than $11.8 billion in almost 1,500 companies since 1991. Earlier this year the firm named Anthony Lin of Intel Corp's M&A team as managing director and head of Asia.

Recent activity in the region includes a commitment of $67 million to eight Chinese start-ups in September 2015. This was followed two months later by investments in two Greater China-based companies.

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