Intel injects $67 million in 8 domestic robotics, cloud, data startups
People visit the stand of Intel during the 2015 International Consumer Electronics Show Asia in Shanghai, May 26, 2015. Intel Corp has invested a total of $67 million in eight Chinese technology startups, in an effort to give it an edge, it said, in emerging sectors such as next-generation smart devices, robotics and cloud services. The investment comes less than a month after the United States-based multinational pumped more than $60 million into a Shanghai-based drone maker, Yuneec International Co Ltd. Twelve Chinese companies have received capital injection from Intel this year, including a roughly $1 billion investment in a mobile chip set subsidiary under the State-owned Tsinghua Unigroup. Ian Yang, Intel's China president, said the country's increasing demand for innovation, particularly in consumer electronics, had driven the investments. Intel said in a statement the latest investments in China, now considered the world's second-largest electronics market, will focus on smart devices, the Internet of Things, drones, visual reality and data analytics.
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