Intel Capital invests $200M in 3 Chinese companies

August 16, 2005 – Intel Corp. said Monday that Intel Capital, its venture investing organization, has completed $200 million worth of investments in three Chinese companies. The investments are the first from its special fund, the Intel Capital China Technology Fund.

“China is a force for technology innovation in the worldwide marketplace,” said Arvind Sodhani, Intel Capital president. “The Intel Capital China Technology Fund plays a key role in Intel’s wide-ranging efforts to stimulate local technological innovation, grow the IT industry and Internet economy, and inspire entrepreneurship among small and medium businesses in China. These three investments reflect Intel’s continued commitment to helping China transform its economy.”

The companies receiving the investments are Chipsbrand Microelectronics Co. Ltd., a fabless semiconductor design company; Onewave Technologies Inc., a broadband entertainment technology provider; and Verisilicon Holdings Co. Ltd., an application specific integrated circuit, or ASIC, design foundry.

Chipsbrand is a holding company for Chipsbank Technologies (Shenzhen) Co. Ltd., which provides system-level semiconductor solutions for the mobile storage and multimedia consumer electronics market segments.

The amounts of the investments in each company weren’t disclosed.


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