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:
- 99cloud – a cloud operations and solution company
- Bluebank – a hardware company that designs smartphones and tablets for other firms to brand and use
- Hampoo – a Shenzhen-based firm that makes components for other companies to make smart internet-connected devices
- Ninebot – a company that specializes in "short-distance personal transportation equipment" such as unicycles. Ninebot acquired Segway earlier this year and raised an $80 million round of funding from Xiaomi and Sequoia
- Nuovo Film – a company that makes a synthetic film to go on devices such as tablets, wearables or coffee tables and enables touch screen technology such as 3D Force Touch, like that on the new iPhone 6s
- PraFly – a robotics company producing control systems that are used in areas such as energy management and unmanned driving training.
- AWcloud – an enterprise cloud company
- Telelink – a semiconductor firm that produces low-power chips for Internet of Things (IoT) devices