Intel invests $77million in startups
Intel Capital has announced a $77million investment in startups to foster worldwide innovation. The company has said it will make 18 new investments in 11 different countries. The decision was announced at the 11th annual Intel Capital CEO Summit for Intel's global customers and partners yesterday.
The company is said to be focusing on fostering innovation in core pc and server market segments, in areas such as cloud computing, mobility solutions and access to broadband wireless in geographies around the world. In addition, it plans to help enable advancements in adjacent computing areas such as smart tv, tablets and smartphones. Countries involved include Brazil, China, India, Russia, Taiwan and the United States.
"Innovation continues to thrive all over the world," said Arvind Sodhani, pictured, president of Intel Capital and Intel executive vice president. "Despite the economic environment, these 18 investments help advance next generation computing technologies aligning with Intel's vision that more and more devices will compute and connect to the Internet, called the 'compute continuum.'"
