Intel Keen to Invest Outside U.S.

Staff Reporter -- Electronic News, 5/24/2006

Intel Capital, the venture capital investment arm of Intel Corp., wants to extend its reach. The company today said that it has embarked on a more proactive strategy through larger investment stakes and more active collaboration, much of which will focus outside the United States.

Focusing on technology centers outside its headquarter country, Intel Capital over the past year announced the formation of a series of geographic investment funds; specifically $250 million in India , $200 million in China, $50 million in the Middle East and Turkey, and $50 million in Brazil. In 2005, Intel Capital invested more than 60 percent of its $265 million total in companies outside the United States.

"The world has changed significantly since Intel Capital was first formed in 1991," said Arvind Sodhani, president of Intel Capital, in a statement. "The hub of global technology innovation is no longer limited to Silicon Valley, but is found in startups around the world. Intel Capital, as part of Intel Corporation, is poised to promote and support innovative technology start-ups and companies."

Sodhani added that Intel Capital will be more proactive in areas that it has traditionally stayed clear of, such as leading investment rounds, active board collaboration and taking larger investment stakes in portfolio companies. Sodhani gave no further details on Intel capital’s future investment plans.