The Intel Capital China Technology Fund will be used to invest in companies that complement Intel's technology initiatives in China. Examples of initial focus areas include cellular communications, broadband and semiconductor design.

"With the establishment of the Intel Capital China Technology Fund, Intel plans to stimulate local technological innovation and the continued growth of China's IT industry," said Intel President and CEO Paul Otellini, in a statement. "We will invest in Chinese companies to accelerate technology adoption locally and to foster development of innovative technologies with potential for global distribution."

Notable examples of current Intel Capital investments in China include BCD Semiconductor Manufacturing Ltd., an analog power integrated circuit design and manufacturing company; Comlent Holdings Inc., a radio frequency chip maker; HiSoft Technology International Ltd., a software outsourcing company; Maipu Holdings Ltd., a router and data communications company; and Pollex Mobile Holdings, a cellular phone software applications provider.

Intel already operates three assembly and testing factories at a site in the Shanghai Pudong New Area in eastern China. In March, the company announced plans to construct a second assembly and testing factory in the municipality of Chengdu in China's Sichuan Province

By: DocMemory
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