Leading computer chip maker, Intel Corporation has formed a USD500m China fund which is said, to more than triple investments in targeted companies in the largest semiconductor market in the world.
Among those companies targeted by Intel Capital's China Technology
Fund, are Holdfast Online Technology Co, a developer of technology for
online gaming, and Newauto Video Technology makes video equipment and
network gear.
Intel is building a USD2.5 bn chip factory, its first in Asia, in
China’s Dalian. The Asia-Pacific region, including China, generated USD5.3 bn, or 50 percent, of the company's sales in the fourth
quarter. It is estimated that Chip sales in China will surpass USD28
bn in 2011, driven by demand for computing and consumer
electronics. This is Intel’s largest investment in one country.
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Leading computer chip maker, Intel Corporation has formed a USD500m China fund which is said, to more than triple investments in targeted companies in the largest semiconductor market in the world.
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