Intel set to invest $100 million in China’s mobile market
US chipmaker Intel has revealed plans to invest $100 million in China to strengthen its presence in the country’s mobile market and further develop its smartphone and tablet markets.
In a move which is expected to help accelerate the creation of new devices that use its chips, the $100 million fund will focus on the development of smart devices, including tablets, smartphones, wearables and the Internet of Things.
At the same time, Intel announced its intentions to set up an Intel Smart Device Innovation Centre in Shenzhen. The innovation centre is expected to make Intel more active in working with local Chinese companies, providing local manufacturers and software developers with access to Intel technology platforms and giving them support such as development tools and supply chain sourcing.
"The China technology ecosystem will be instrumental in the transformation of computing," said Brian Krzanich, CEO at Intel. "To help drive global innovation, Intel will stay focussed on delivering leadership products and technologies that not only allow our partners to rapidly innovate, but also deliver on the promise that 'if it computes, it does it best with Intel' – from the edge device to the cloud, and everything in between."
In February this year, Alcatel-Lucent revealed that it is expanding its partnership with Intel, which is designed to help carriers worldwide to improve time-to-market and operational efficiency.