May 15, 2003 – Santa Clara, CA – Intel Corp., the world’s largest maker of semiconductors, has made its first investment in a Russian company.
Intel Capital, the chipmaker’s capital investment arm, has agreed to invest in Moscow-based ru-Net Holdings, reported Reuters.
The Russian company owns a Russian language Web portal, a software outsourcing firm and a systems integration company called TopS Business Integrator, Intel said.
The funding is targeted specifically to enable TopS to build software that will run on Intel chips.
The amount of the investment was not disclosed.
Intel Capital has provided more than $200 million to about 475 companies worldwide, Intel said.