Intel to Pump $100 Million into Chinese Mobile Device Developers
Published on: 2nd Apr 2014
By: Ian Mansfield
Intel has announced plans to set up a Smart Device Innovation Center in Shenzhen China and a USD100 million Intel Capital China Smart Device Innovation Fund.
The center will expand Intel's work beyond tablets and provide local OEMs, ODMs, and software developers with access to Intel technology platforms and enabling support.
Since 1998, Intel Capital has invested more than USD670 million in 110 companies in China across two already-established investment funds.
Intel's CEO Brian Krzanich also detailed several new products and technologies the company will begin offering this year, including Intel® Edison, a product-ready, general-purpose computing platform first imagined in the company's research labs in China.
"The China technology ecosystem will be instrumental in the transformation of computing," said Krzanich. "To help drive global innovation, Intel will stay focused on delivering leadership products and technologies that not only allow our partners to rapidly innovate, but also deliver on the promise that 'if it computes, it does it best with Intel' - from the edge device to the cloud, and everything in between."