Intel Invests USD 25 Million In New Technologies

Smart companies with deep pockets always strive to be ahead of the business curve. Startups and innovating companies that are starved of funds for their expansion and growth are their prime targets which to invest their dollars in, and when the technologies mature and the products become a success in the market, these smart companies get to reap a rich harvest. Intel Capital, the finance investment wing of Intel, is doing just that.

At the recently concluded CEO Summit in Huntington Beach, California, Intel Capital has announced investments in seven companies, and committed to pumping in USD 25 million in them. These companies are in diverse domains, from cloud-computing to RAID storage systems, from optical modulation technology to semiconductor front-end equipment manufacturing, from web-based videoconferencing systems to web information portal and telco pricing analytics.

In addition, the company has signed new follow-on deals with 10 other companies in which it has already invested earlier.

These investments take different routes depending on the investee’s legal environment and corporate policy. For example, Japan-based Onkyo Corporation’s board of directors will issue a bond worth USD 6.6 million to Intel Capital that can be converted to common shares of Onkyo at the investor’s option, and a warrant to purchase common shares of Onkyo.

Read more about Intel’s strategic investments in path-breaking technologies, here.