Intel Sets Up $200 Million China Fund

Intel has established a $200 million VC fund to invest in Chinese technology companies…it plans to focus on are cellular communications, broadband applications for consumers, and chip design.

Already, almost 50 Chinese companies have received investments from Intel — with 11 going public or being acquired. Intel has held investments in telecom software supplied AsiaInfo Holdings and Internet portal Sohu.com.

Some more details in release

Comments have been disabled for this post