Intel to invest USD67m in Chinese tech firms| MENAFN.COM

Friday, 28 January 2022 09:47 GMT

Intel to invest USD67m in Chinese tech firms

(MENAFN) U.S. chip giant Intel has decided to invest around USD67 million in eight Chinese tech companies.

The eight firms are mainly involved in the cutting-edge fields of smart devices, robots, the Internet of things, cloud services, big data and data analysis, according to a report on Friday by Economic Information Daily.

Since it started to invest in the Chinese market in 1998, Intel has pumped more than USD1.9 billion into around 140 firms, 35 of which have either gone public or been acquired.

The U.S. chipmaker has invested in areas including smart devices, robots, unmanned aerial vehicles and data analysis in China.

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