The world's largest chipmaker established a $100 million fund in China focused on products beyond personal computers.
Chief Executive Officer Brian Krzanich introduced the Intel Capital China Smart Device Innovation Fund at an event in Shenzhen. Intel’s venture unit, Intel Capital, has invested more than $670 million in 110 companies in China since 1998, the semiconductor maker said in a statement.
Krzanich is focusing on emerging products like tablets, smartphones and wearables, which are eating into demand for PCs. The area around Shenzhen in southern China is home to factories that produce many of the world’s phones, tablets and computers.
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