Intel has invested $67 million in eight Chinese companies including a robotics company and the firm behind the Segway, the U.S. chipmaker said Thursday, as it continues to ramp up investment in the world's second-largest economy.
The companies Intel Capital – the firm's investment arm – has backed span across industries from smart devices to data analytics.
Intel said the following eight companies are ones that have received or will receive investment:
The latest funding deals come after Intel invested $60 million into Chinese drone maker Yuneec in August, in response to companies such as Amazon exploring the potential for unmanned aircraft.
Intel's latest investments show an emphasis on the areas which they have been focusing on in recent times – the Internet of Things, cloud computing and big data analytics. The U.S. tech giant recently unveiled its latest range of semiconductors with a new line focused on improving the performance of tablets and laptops. And earlier this year, Intel unveiled a tiny chip called Curie, specifically for wearable devices.
The investments in China allow Intel access to the biggest companies coming out of the country while the start-ups will get access to the U.S. firm's expertise.
"These companies now have the opportunity to leverage Intel Capital's business development programs, global network, technology expertise and brand capital to support their development and drive innovation across exciting next-generation technology categories," Arvind Sodhani, executive vice president of Intel and president of Intel Capital, said in a press release.