SAN FRANCISCO—Intel Corp. said Wednesday (Aug. 3) it invested about $22 million in three Chinese high-tech companies through its venture capital arm, according to multiple reports stemming from a press event in Beijing.
Intel said its latest Intel Capital investments were made in 6DXchange Inc., an online retailer; Beijing JoySee Technology Co., a TV maker; and Bocom Intelligent Network Technologies Co., a digital surveillance company. As is typical, Intel did not break out how much it invested in each firm.
According to a report by the Bloomberg news service, Intel Capital has now invested a total of $45 million in six Chinese companies so far in 2011. In a separate report, Bloomberg reported that Intel Capital President Arvind Sodhani said the company hopes to invest in a total of 12 Chinese companies in 2011.
In a third report, Bloomberg reported that Sodhani said Intel Capital intends to invest a total of $500 million this year globally, up from $327 million in 2010.