Intel Corporation (INTC) is launching a $100M fund in China

Posted Apr 2, 2014

Intel Corporation (NASDAQ:INTC) is preparing to launch a $100 million fund in China to accelerate innovation of smart devices. Intel CEO Brian Krzanich made the announcement at the Intel Developer Forum in Shenzhen. Intel is also setting up the Intel Smart Device Innovation Center in Shenzhen. Intel is aiming to get Chinese companies to focus on Intel-based two-in-one hybrid tablets/laptops along with smartphones, wearables, and the Internet of Things.
[Source: CNET]