Intel Capital launches China smart devices fund

The establishment of the so-called Intel Capital China Smart Device Innovation Fund coincides with the opening of the Intel Smart Device Innovation Center in Shenzhen, which aims accelerate the delivery of Intel technology-based devices in China and beyond.

"Innovation in smart devices and the IoT is heralding the evolution of a new ecosystem for computing technologies," said Arvind Sodhani, president of Intel Capital and executive vice president of Intel Corp, in a statement. "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."

This is the third China-focused vehicle Intel has established since it started investing in China in 1998. The others are China Technology Fund I and II, both of which have broader remit, targeting areas such as data center and cloud infrastructure, big data and analytics, software and services and manufacturing.

Fund I was launched in 2005 with a corpus of $200 million while its successor was launched in 2008 and was worth $500 million.

Since it came to the region, Intel has invested over $670 million in more than 110 Chinese technology companies, 30 of which have gone public or have been acquired. The firm now has offices in Beijing, Hong Kong and Shanghai.

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• Topics
• Technology
• Early-stage
• Greater China
• Technology
• China
• manufacturing
• Venture
• Intel Capital