Intel sets up a USD 200 million fund for China Investment

World’s largest microprocessor manufacturer Intel has announced plans to setting up a USD 200 million-investment fund for the China market. The aim is to take the advantage of the growing demand for personal computers and solutions in the world’s most populous country. It would be operated by the investment arm of this California based tech giant Intel, Intel Capital.

Intel Capital would be managing the China Technology Fund to help businesses develop technology and build Internet infrastructure. The new chief of the company Paul Otellini has said in a statement that growing markets like China would help it counter the slowing growing rate of PCs in the developed countries.

Intel took 47% of its sales from the Asia Pacific market in the first quarter of this year, which is 7% more than the last year. This stat alone justifies the extra effort Intel is making in this particular region. Intel uses investments to push the adoption and development of technologies it judges will help sell future versions of its microprocessors. They are now putting big efforts in technologies like WiMax, which is expected to power the next generation wireless broadband connectivity.