Intel’s investment arm, Intel Capital, has invested $67 million in eight Chinese companies, including two involved with OpenStack and one with the Internet of Things (IoT).
Intel Capital didn’t break out individual amounts in announcing the investments today. The companies span a range of verticals that Intel is interested in, including smart devices, robotics, cloud, big data, and data analytics.
Among the investments were 99cloud, which provides OpenStack-based products and OpenStack-related operational support and professional services, and AWcloud. As it name suggests, AWcloud provides OpenStack cloud offerings to enterprise customers in sectors such as oil, power, coal, education, healthcare and research institutions. According to the press release, AWcloud’s technologies are running more than 30,000 cloud uses.
The remaining six companies are: smartphone, tablet and software firm Bluebank; smart device component maker Hampoo; Ninebot, which bought Segway earlier this year; Nuovo Film, which makes transparent conductive silver nanowire film; robotics and control systems company PraFly; and Telink Semiconductor, which makes low power radio-frequency and mixed signal system chips for use in Internet of Things products.
Since 1998, Intel Capital has invested close to $2 billion in more than 140 technology companies in China. Last month, it closed a $60 million investment in drone maker Yuneec, which could prove profitable when Amazon implements its drone delivery strategy.
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