Intel Capital creates $100 mln smart devices fund in China

Intel Capital said it has formed a $100 million fund to invest in Chinese companies working on smart devices, including tablets, smart phones, PCs, 2in1s, wearables, and the Internet of Things, and on other related technologies in China. The venture capital arm of chipmaker Intel announced the China Smart Device Innovation Fund at the annual Intel Developer Forum in Shenzhen.

PRESS RELEASE

Intel Capital Commits $100 Million to New Fund to Accelerate Smart Device Innovation in China and Beyond

NEWS HIGHLIGHTS
•    Intel Capital creates the $100 million (USD) Intel Capital China Smart Device Innovation Fund to accelerate innovation of smart devices, wearables, the Internet of Things, and other related technologies
•    The fund and the newly established Intel Smart Device Innovation Center in Shenzhen aims to accelerate the delivery of Intel technology-based devices in China and beyond

SHENZHEN, China, April 2, 2014 — Intel Capital, Intel’s global investment and M&A organization, today announced a $100 million (USD) investment fund to accelerate innovation of smart devices, including tablets, smart phones, PCs, 2in1s, wearables, the Internet of Things, and other related technologies in China.

The Intel Capital China Smart Device Innovation Fund was announced at the annual Intel Developer Forum (IDF) in Shenzhen. The fund will provide capital to Chinese companies focused on accelerating innovation of smart devices, including tablets, smart phones, PCs, 2in1s, wearables, the Internet of Things, and other related technologies in China. The new fund reinforces Intel’s commitment to China and developing the China technology ecosystem and was announced in conjunction with the establishment of the Intel Smart Device Innovation Center.

“Innovation in smart devices and the Internet of Things 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.  “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 fund Intel Capital has established. The Intel Capital China Smart Device Innovation Fund will complement the existing Intel Capital China Technology Fund II, which continues to focus on broader investment areas such as data center and cloud infrastructure, big data and analytics, software and services, manufacturing, and Intel Labs.

Intel Capital started investing in China in 1998. Since then, it has invested over $670 million in more than 110 Chinese technology companies, 30 of which have gone public and/or have been acquired. Intel Capital has investment professionals based in Beijing, Hong Kong and Shanghai.

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About Intel Capital
Intel Capital, Intel’s global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$11 billion in over 1,339 companies in 55 countries. In that timeframe, 206 portfolio companies have gone public on various exchanges around the world and 344 were acquired or participated in a merger. In 2013, Intel Capital invested US$333 million in 146 investments with approximately 49 percent of funds invested outside North America. For more information on Intel Capital and its differentiated advantages, visit or follow @Intelcapital.

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