Given to 12 startups, the investment was announced during the 2016 Global Summit event in San Diego
Intel Capital President Wendell Brooks at the 2016 Global Summit on Monday, October 24
Intel Corporation’s global investment organisation Intel Capital announced today a total of more than US$38 million in 12 tech startups, including Chinese data and connectivity startups Eazytec and Grand Chip Microelectronics, at the 2016 Global Summit event in San Diego.
Jiangsu-based Eazytec is a smart city developer and service provider with proprietary core firmware (BIOS) technology. According to an official statement, its headquarter in Yixing City has been identified as a national science and technology business incubator. The company specialises in application software and firmware development, system integration, and data center services.
As for Shanghai-based Grand Chip Microelectronics, it delivers “high-performance, high-linearity and highly integrated” Wi-Fi front-end devices for WLAN infrastructure, wireless connectivity on cellular platforms and the Internet of Things (IoT). The company is also known as Kangxi Communication Technologies.
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Of all the 12 startups announced, China becomes the sole representative of the Asia Pacific region in a list dominated by US-based companies.
The exact amount that each company received is undisclosed.
Intel Capital operates several funds that focus on investing in China’s tech industry. The Intel Capital China Angel Fund invests RMB80 million (US$11 million) in makers and early stage startups, focus on enabling smart device maker ecosystem development in China, while Intel Capital China Smart Device Innovation Fund invests US$100 million in smart devices, including tablets, smartphones, PCs, 2-in-1s, wearables, IoT, and other related technologies in China.
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