Intel Corp has announced a US$200 million venture capital fund to invest in Chinese companies that develop new hardware, software and services in a move to spur the high-tech industry in the world's largest emerging market.
Intel Capital, the investment arm of the world's largest chipmaker, announced the fund ahead of a conference this week in Beijing, running from yesterday through tomorrow, that brings together executives of its portfolio companies with corporate and government decision-makers.
The Intel Capital CEO Summit is being held outside the US for the first time. That it is being held in China is a sign of the country's emerging importance in the technology industry.
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