Intel Corporation (NASDAQ:INTC) continues its 30 year history of injecting funds in China-based tech startups, with the chipmaker revealing a $67 million investment in eight companies, via its venture arm, Intel Capital. The fund, which was first reported by Tech Crunch, arrives shortly after a $60 million deal with Shanghai-based drone maker, Yuneec.
Although Intel hasn’t revealed the individual size of investments, the company said its new beneficiaries operate under numerous segments that include Internet of Things (IoT), smart devices, transportation and analytics. This means each investment branches out of Intel’s core operations to offer greater synergy against problems, and promote innovation.
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