SAN FRANCISOIntel Capital, the semiconductor giant's investment arm, plans to invest in three Chinese companies, including a $20 million investment in thin-film solar energy provider Trony Solar Holdings Co., the company said Tuesday (Oct. 28).
In addition to the investment in Trony Solar, Intel Capital also took undisclosed positions in electricity storage specialist NP Holdings Ltd. and healthcare software provider Viewhigh, according to a statement.
"These investments demonstrate Intel Capital's ongoing commitment to investing around the globe and its strategic focus on cleantech," said Arvind Sodhani, president of Intel Capital and executive vice president of Intel. "Clean technologies are transforming our world and the landscape of entrepreneurship."
Trony plans to use its funding to enhance its production capacity to 105 megawatts and other initiatives, according to Intel Capital.
An Asia-based Intel Capital executive also told reporters that the $500 million Intel Capital China Technology Fund II created in April has invested in six mainland companies and that there has been no visibile slowdown in investment due to the global financial crisis, according to a report from Reuters.
Intel Capital said it has invested in more than 80 companies across mainland China and Hong Kong over the past 10 years.
About a third of Intel Capital's total investment of about $2.8 billion is located in Asia, according to Reuters.