Intel Capital invests in Chinese startups

Intel Capital, Intel Corp’s investment arm, is to invest US$132 million in 11 technology startups, including three from China.

Intel, the world’s biggest computer chip maker, said on Wednesday that it aims to bring innovation to the whole industry through the investment. The 11 companies offer products and services in sectors such as artificial intelligence, autonomous computing and chip design.

“Each of our recent investments is pushing the boundaries in areas such as AI, data analytics, autonomous systems and semiconductor innovation,” Wendell Brooks, president of Intel Capital, said in a statement.

KFBIO from Zhejiang Province, ProPlus Electronics from Shandong Province and Spectrum Materials from Fujian Province are the Chinese companies invested by Intel Capital.

KFBIO is a biotech company that builds digital pathology systems with medical image processing using big data, cloud computing and AI to quickly and reliably scan and digitize images to improve speed and accuracy of AI-aided pathologist diagnoses.

ProPlus Electronics is an electronic design automation company which helps the semiconductor industry create more powerful and diverse products.

Spectrum Materials is a high-purity specialty gas and material supplier for semiconductor labs.