$400m Intel venture fund to kick-start innovation
- Published: 1 Jun 2012 at 00.00
- Newspaper section: Business
Intel Corporation has earmarked US$400 million as venture capital worldwide this year as part of its expansion and growth strategies.
About $17 million will be devoted to ventures in Southeast Asia, said Sudheer Kuppam, managing director for Asia Pacific at Intel Capital, the investment arm of the world's biggest processor maker.
Venture capital will cover technologies, education, cloud computing, data centres, broadband internet, smart TV, smartphones and tablets, he said yesterday on the sidelines of the World Economic Forum meetings in Bangkok.
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