Intel invests in China Third fund "in progress"

Absrtact: October 21, Intel Investment announced that Intel investment in China Smart Equipment Innovation Fund has completed the first 28 million U.S. dollars investment. This is the first investment information released by the Innovation Fund since its inception in April this year. It is understood that the first batch has been obtained or met in the delivery








October 21, Intel Investment announced the "Intel Investment China Smart Equipment Innovation Fund" has completed the first 28 million U.S. dollars investment. This is the first investment information released by the Innovation Fund since its inception in April this year.





It is understood that the first batch of companies that have obtained or meet the delivery conditions will receive the "Intel Investment China Smart Equipment Innovation Fund" to invest in: Beijing-code Dahua Technology Co., Ltd., Shanghai Love Chat Information Technology Co., Ltd. (pro-plus communications cloud), Shenzhen city wide and Tong Industrial Development Co., Ltd., Guangdong Music Source Digital Technology Co., Ltd., Le Frog Technology (Shanghai) Co., Ltd.





these companies mainly involved in the areas of business, including the Internet of things, wearable equipment, iris recognition technology, communications technology services.





"Intel Investment China Smart Equipment Innovation Fund" was announced by Intel's chief executives division at the 2014 Intel Information Technology Summit (IDF) held in April this year, with a total value of $100 million, designed to include tablets, smartphones, PCs, 2-in-1 devices, Start-up companies in related areas, such as wearable equipment and IoT solutions, provide the funds needed to help them innovate on the Intel technology platform.





Intel Executive vice president and Intel Investment President Sodhani (Arvind Sodhani) said that Intel in the investment decision-making process, mainly looking at what the ecosystem currently needs, so whether the two years of the new technology company or more than 10 years old enterprise, according to its contribution to the ecosystem, Determine if it is an Intel investment select object. "Scale is not the focus of our consideration. Sodhani told reporters.





"We hope to have a very good ecosystem to support us in the end to provide customers with solutions, we would like to contribute to the healthy development of the entire ecosystem, to support the various professional enterprises and technologies in the ecosystem, so that they have a good development." "Sodhani to the 21st century economic reporter said that the recent acquisition of wearable equipment companies, mainly in the hope that Intel can be wearable equipment to learn more, master these aspects of technology."





It is understood that "Intel investment China Smart Equipment Innovation Fund" is Intel investment in China set up a third fund, the other two funds set up in 2005, the total amount of USD 200 million "Intel Investment China Technology Fund" and 2008 set up a total amount of 500 million U.S. dollars "Intel Investment China Technology Fund II ”。 Intel has provided data showing that, since entering China in 1988, Intel investment has injected more than $700 million trillion into more than 120 Chinese technology companies, of which more than 30 companies have been listed or acquired.





"We have a series of considerations when it comes to choosing an investment target, first of course the strategic goal of serving Intel, and we will consider what the business means for the ecosystem as a whole, but also pay attention to its financial soundness." "Sodhani explained Intel's investment logic.