Intel Capital Invests $67 Million in Eight Chinese Startups

By Eva Dou 

BEIJING--Intel Capital announced it is investing $67 million in eight Chinese startups, the latest investment pledge from a U.S. tech company ahead of Chinese President Xi Jinping's first state visit to the U.S. next week.

Intel Capital's new China investments include Ninebot Inc., the Xiaomi Corp.-backed scooter startup that acquired Segway in April, Intel Corp.'s global investment arm said in a statement Thursday. Intel Capital is also backing chip design firm Telink Semiconductor Co. and electronics makers Bluebank Communication Technology Co. and Shenzhen Hampoo Science & Technology Co.

It is the latest show of support for China's domestic tech industry ahead of Mr. Xi's visit. Dell Inc. last week pledged $125 billion in investments in China, a figure that includes component purchases and manufacturing expenses.

Intel China President Ian Yang called China a "leader of global technology innovation" in the statement.

"Our investments, new products and collaborations in China support the government's national initiative to uplift its innovation economy," Mr. Yang said in the statement.

Write to Eva Dou at [e-mail]

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(END) Dow Jones Newswires

September 17, 2015 08:42 ET (12:42 GMT)

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