Intel Capital Extends Global Reach
Subject: General Tech | May 24, 2006 - 04:33 PM | Jeremy Hellstrom
SANTA CLARA, Calif., May 24, 2006 — Intel Capital, the venture capital investment arm of Intel Corporation, has embarked on a bolder, more proactive strategy designed to enhance innovation worldwide by helping its portfolio companies to be more successful through larger investment stakes and more active collaboration.
Recognizing the importance of technology centers outside the United States, Intel Capital over the past year announced the formation of a series of geographic investment funds in India (US $250 million) , China (US $200 million), the Middle East and Turkey (US $50 million), and most recently Brazil (US $50 million) in March. In 2005, Intel Capital invested over 60 percent of its US $265 million total in companies outside the United States.
Reflecting this global focus, earlier this week Intel Capital announced the first agreement by the Intel Capital Middle East and Turkey Fund with Orascom Telecom, a major Middle East telecommunications provider, to invest in Orascom Telecom WiMAX Limited. The investment focuses on identifying and developing new WiMAX opportunities throughout the region.