Intel Capital May Increase Investments 50% to $500 Million
Intel Capital, the venture-capital arm of the world’s biggest chipmaker, said it may boost its investments by more than 50 percent this year, adding deals in overseas markets including China.
The investment arm of Intel Corp. (INTC) plans to invest about $500 million globally in 2011, President Arvind Sodhani said at a briefing in Beijing today. Intel Capital invested $327 million last year, according to its website.
Intel Capital is stepping up its search for technology companies in China, the world’s fastest-growing major economy, where the firm has made six investments this year. That number may increase to 12, Sodhani said today.
“We are very aggressive and very focused on china, and we’ll continue to find innovative companies and invest in them,” Sodhani said.
Intel Capital invested a combined $22 million in three Chinese technology companies, 6DXchange Inc., Beijing JoySee Technology Co. and Shanghai BOCOM Intelligent Network Technologies Co., it said in a statement today.
It has invested more than $10 billion in more than 1,100 companies since 1991, according to the company.
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